CPA Guest Opinion: We Must Revoke China’s Most Favored Nation Status
It’s time for us to stop treating China as a friend and recognize China as the enemy to our national sovereignty that it is.
It’s time for us to stop treating China as a friend and recognize China as the enemy to our national sovereignty that it is.
The renewal of the Generalized System of Preferences (GSP) is stuck in limbo in the Senate Finance Committee for now as leading Democrats don’t want to pass it without Trade Adjustment Assistance (TAA).
So what is comparative advantage? Comparative advantage occurs when the ratio of costs in one country differs from the ratio of costs in another.
The Chinese-dominated solar industry has come under increased pressure lately, with tariffs raised on May 14, a two-year moratorium on dumping duties ending on Thursday, and the U.S. International Trade Commission voting 4-0 to initiate a new solar trade case on Friday.
The laws have not changed to make duty-free de minimis shipping any more difficult, but U.S. Customs and Border Protection (CBP) is starting to get proactive.
The Biden administration’s unprecedented tariff moratorium was a gift to the CCP and its dirty coal, forced labor solar industry.
This article includes details of products, rate increases, timelines, and the background behind the Biden Administration’s Section 301 Tariff Increase Proposal.