RE: Five Suggested Reforms for the Generalized System of Preferences (GSP) Dear Chairman Grassley and Chairman Neal, As you consider renewing tariff preference programs such as the Generalized System of Preferences (GSP), we urge you to consider whether and how such programs can be updated to serve the national interest. We are particularly concerned about…
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By Kenneth Rapoza, CPA Industry Analyst If you want to do business with the Department of Defense and NASA, for example, you will now have to make sure there’s not a hint of Chinese telecommunications equipment and video surveillance equipment anywhere in your building, or used by your vendors. Made in China components and key…
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The rising dollar–35% in the past nine years–makes U.S. exports more expensive overseas. In March, the Federal Reserve was forced to act in order to avert an international financial crisis. With corporations around the world closing down at the start of the COVID-19 crisis, payments from customers stopped. Foreign companies needed funding to meet their…
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By Kenneth Rapoza, CPA Industry Analyst Latest move to protect US solar manufacturers irks the Made in China importers who have vowed to fight it. President Trump’s latest salvo to the US solar industry on Saturday is an example of domestic trade policy put into action. The President rightly acknowledged a loophole in the 2018…
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Trump administration closes tariff loophole on imports of bifacial solar panels Washington. The Coalition for a Prosperous America (CPA) has strongly praised a new proclamation by President Trump intended to accelerate the growth of America’s solar manufacturing industry. The president’s proclamation will close a loophole for tariffs on imported solar panels and also slow step-down in…
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By CPA Staff Despite rumors of getting tougher on China listings on the US stock exchanges, more are on the way. One of China’s largest financial service platforms, Lufax, is expected to list later this month. We keep reading that everybody is more aware of the China threat, including politicians, businesspeople, and the American public.…
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David Morse is tax policy director at the Coalition for a Prosperous America Education Fund. Follow him on Twitter @CentristinIdaho. There was a lot of fuss in late 2017 when Congress passed the Tax Cut and Jobs Act (TCJA). The legislation was expected to significantly revamp America’s tax system — and hopefully tackle the thorny…
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The Coalition for a Prosperous America (CPA) charged that a new Senate bill to eliminate all tariffs on personal protective equipment (PPE) would sabotage U.S. manufacturing of these vital health care supplies and should be opposed by all who want to rebuild the U.S. health care manufacturing industry to safeguard the health of the American…
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By Kenneth Rapoza, CPA Industry Analyst The House Republicans released their China Task Force report. Here’s what we liked about it. A few days ago, the newly formed House Republican China Task Force, chaired by House Homeland Security Chairman Michael McCaul, produced its 141-page magnum opus on the China threat to the US. It is…
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By Kenneth Rapoza, CPA Industry Analayst First reported by subscriber service World Trade Online, the US government wants to make labor rights an increasing part of good trade relations. But will the Davos crowd pay attention? Human rights will continue to be another way to hit back at multinationals using forced labor in Western China.…
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