China Trade Surplus and US Deficit Hit New Records, Driving Global Instability

ecKey Points China’s global trade surplus is heading for a new all-time high this year. Based on the first seven months of data, we estimate the full-year surplus will reach a record $886 billion. The U.S trade deficit will also set records this year, at an estimated $1.13 trillion trade deficit and a $1.34 trillion…

What the CHIPS Act Really Means for U.S. Semiconductor Manufacturers

CPA chief economist Jeff Ferry says the CHIPS Act is needed to counter China’s rise in the semiconductor space, and that the R&D component of the bill needs to include guardrails so American academia isn’t beta-testing and researching new chips in partnership with Chinese universities and companies.

CPA Letter to Leaders of the House and Senate Regarding Inclusion of Provision Targeting Companies Complicit in Forced Labor

CPA sent the following letter to Majority Leader Schumer, Minority Leader McConnell, Speaker Pelosi, and Minority Leader McCarthy regarding CPA’s support of the inclusion of a House-passed provision targeting certain companies complicit in forced labor in the final conference report of the China competition bill Download the letter here.  Dear Majority Leader Schumer, Minority Leader McConnell, Speaker Pelosi, and Minority Leader…