China EV battery makers are the world’s largest. The U.S. has none. So China is getting new contracts to build EV plants, thanks to Inflation Reduction Act. Some in Washington do not want IRA benefits going to China.
A comprehensive new CPA analysis of 927 U.S. cities and towns shows that job loss in manufacturing due to China imports since 2001 has affected almost every community in the U.S., including towns and cities in all fifty states.
House Financial Services Committee Chairman comes out against increasing the restrictions on China investment in the U.S. Here’s why other members agreed. Plus, a warning from Maxine Waters on outbound investments to adversarial nations.
President Biden’s long-awaited Executive Order (EO) on outbound investment to China, released Wednesday, August 9, 2023, left much to be desired from CPA’s perspective.