WASHINGTON — The Coalition for a Prosperous America (CPA) urged leaders of the Senate Armed Services Committee to include an amendment in this year’s National Defense Authorization Act (NDAA) that would ensure American taxpayer dollars do not fund semiconductors made in China. The amendment is sponsored by Senate Majority Leader Chuck Schumer (D-NY) and Senator…
CPA sent the following letter to the leadership of the Senate Armed Services Committee in support of the Schumer-Cornyn amendment that would ensure taxpayer dollars are not spent on China-made semiconductors. The amendment would prohibit U.S. companies from doing business with Chinese microchip companies—notably, Semiconductor Manufacturing International Corp. (SMIC), ChangXin Memory Technologies (CXMT), and Yangtze…
Investment managers say they have a fiduciary responsibility to be in China. Here’s why they need to seriously rethink this.
The U.S. is largely dependent on foreign sources for the critical minerals that will power a clean energy transition. The Inflation Act helps. But it’s going to take a while to be even moderately self-sufficient.
Last week, U.S. Customs and Border Protection’s (CBP) Office of Trade released false government statistics. CBP’s Office of Trade stated that the total value of de minimis shipments fell from $67,039,140,875 in CBP’s FY 2020, down to $39,876,651,152 in FY 2021. These numbers are not accurate, and in fact are certainly a gross, material undervaluation,…
The top 5% and top 20% of U.S. households have enjoyed most of the gains in U.S. GDP since 1970. Bottom 20% have seen almost no gains in 50 years.
$22 Billion of Investment to Create 15,000 Jobs The manufacturing incentives tucked into the Inflation Reduction Act have unleashed a tidal wave of investment in U.S. manufacturing unlike any we have seen in decades. According to CPA calculations, and our calculations are a work in progress, so far $22 billion of investment dollars have been…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement regarding reports that Apple has put on hold its plan to use memory chips from China’s government subsidized Yangtze Memory Technologies Co. (YMTC). Earlier this year, CPA and China Tech Threat (CTT) released a policy paper that highlighted the dangers of an…
WASHINGTON — The Coalition for a Prosperous America (CPA) today released an update to the Domestic Market Share Index (DMSI), a new indicator that measures the success of U.S. manufacturing producers in the U.S. home market. The DMSI fell to 66.2 in Q2 2022, down from 67.2 in the previous quarter, indicating that domestic producers…
The CPA Domestic Market Share Index (DMSI) fell to 66.2 in Q2 2022, down from 67.2 in the previous quarter, indicating that domestic producers lost a full percentage point of market share while importers increased their share of the U.S. market for manufactured goods by one point to 33.8%. The Q2 DMSI of 66.2 matches…
