The Solar Energy Industry Association has claimed that 30,000 jobs could be lost if tariffs are reinstated on solar panels coming in from Chinese companies based in Southeast Asia. This claim is wholly fictitious, based on inflated job numbers and a purely hypothetical analysis of the sort that has been disproved by the facts again…
Key Points: This article reviews the last five years of federal government manufacturing policy, including tariffs and tax credits, finding positive effects on rebuilding U.S. manufacturing. Single-country tariffs on imports from China have reduced U.S. dependence on China, with modest impact on reshoring U.S. manufacturing. Global tariffs such as those on steel and washing machines…
U.S., European, and Chinese solar equipment manufacturers have rushed out announcements of investment in factories to make U.S. solar panels and related equipment since the Inflation Reduction Act (IRA) was signed into law last year. The tax credits designed to spur a move to solar energy are generous and the U.S. could soon be producing…
CPA’s Domestic Market Share Index shows the share of US manufacturing demand fulfilled by domestic producers has declined steadily in 20 years.
Imports take 97% of the US bicycle market. China dominates but Cambodia, Vietnam shares grow as tariffs bite.
Global Rebalancing Will Lead to Global Prosperity European leaders and the media are up in arms over recent U.S. policy decisions to support the reshoring of American industry. The export ban on advanced U.S. semiconductor equipment, the tax credits for renewable energy equipment made in the U.S., and especially the support for American-made electric vehicles…
There is a growing consensus in the U.S. and many other advanced economies that we must move away from globalization, and towards more localized economies, less reliant on global supply chains or untrustworthy countries for vital goods. Many can see the necessity for greater localization, but can’t imagine what it will look like. Will it…
A little-noticed speech by Commerce Secretary Gina Raimondo last week was a rousing endorsement of industrial strategy by a senior Biden administration official as the way forward for the U.S. economy. Raimondo minced no words as she called for the private sector and America’s educational institutions to join the fight to position the U.S. as…
$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…
America’s dependence on China for rare earth supplies is one of the most serious issues for the U.S. supply chain. Rare earths are critical minerals with uses in military equipment such as fighter jets. On the civilian side, rare earths are required for the motors in electric vehicles, a market that is destined to be…
