The Tax Foundation bills itself as the “world’s leading nonpartisan tax policy nonprofit”, but they do not understand the basic concepts of how tariffs work — or even what they are.
“The Biden administration’s refusal to enforce the 2019 steel agreement agreed to, and then breached by, Mexico has led directly to this devastating plant closure,” said CPA CEO Michael Stumo.
By leaving out bills that would prevent Chinese companies from accessing Inflation Reduction Act tax credits, restrict U.S. capital from flowing into China, and close the de minimis loophole, the House is missing a critical opportunity for meaningful action.
Trump said he wanted the U.S. “to be the manufacturing superpower in the world. We can do that intelligently with trade policy that uses tariffs that encourages production here. We deserve it.”
Commerce Secretary Gina Raimondo was asked to impose anti-dumping and countervailing duties (AD/CVD) on Southeast Asian solar companies in a letter from the United Steelworkers Union (USW) on Aug. 27.
Deployments of solar power facilities in the U.S. by utilities, commercial customers,
and residential customers have risen substantially in recent years due to
technological progress, lower costs, and various tax incentives and credits from the
U.S. government.
Hofusan is one of the most well known investments of Chinese capital looking not only to sell to Mexican consumers, but – more obviously – to export everything from furniture to washing machines duty free to the United States.
Little has been said about what a Kamala Harris trade agenda would look like should she win in November, but new clues have emerged, and it seems fairly certain she would keep with the current trajectory of the Biden administration.
As the demand for solar energy deployment in the United States continues to grow, foreign firms are reaping nearly all the benefits. Solar imports in 2024 are outpacing total demand and crowding out domestic solar manufacturers.
China has wiped out American solar before. Can they do it again? This is the concern among many on Capitol Hill, including in the White House.
