China criticizes US chip law as threat to trade
China on Wednesday criticized a U.S. law to encourage processor chip production in the United States and reduce reliance on Asian suppliers as a threat to trade and an attack…
Canada to Challenge US Lumber Duties Using Regional Trade Pact
Canada’s government said it will challenge US duties on softwood lumber, saying the tariffs have caused “unjustified harm” to the industry and workers. The US Commerce Department on Thursday ruled…
Corporate Alternative Minimum Tax would Hit Multinationals that Offshore Profits and Production
In order to boost domestic production and employment, the U.S. tax code must protect domestic manufacturers and close loopholes that put them at a disadvantage to multinational corporations. Domestic producers…
Auto Lobbyist: U.S. Edging Toward Protectionism
The U.S. has been moving toward protectionism under both President Joe Biden and his predecessor Donald Trump, who triggered a trade war both with traditional allies and antagonists such as…
CPA Economists to Testify to USITC on How Tariffs Grow the Economy and Protect National Security
“The global overcapacity in the steel industry, driven by China’s excess capacity of 400 million tonnes, is an ever-present threat to the western steel industry,” CPA Chief Economist Jeff Ferry…
How Steel Tariffs Are Helping US Workers
First, a wave of investment followed, as the majors committed more than $10 billion to build new mills in Florida, Arkansas, Texas, Arizona, and elsewhere. Second, the new mills, once…
The Importance of Tariffs on the U.S. Solar Market
In the past few years, solar tariffs have contributed to the United States’ rising share of the Photovoltaic (PV) module market. Our dependence on imports and global supply chains contributed…
US warns losing access to Taiwanese chips could break the economy
“If you allow yourself to think about a scenario where the United States no longer had access to the chips currently being made in Taiwan, it’s a scary scenario,” Raimondo…
US Official Sees Curbs on Exports to Russia as Template for China
US exports to Russia have dropped about 88% by value this last year, while shipments from other countries have retreated about 60%, Commerce Under Secretary Alan Estevez said in testimony…
Jeep’s China Failure Sends Foreboding Signal to Global Carmakers
It was one of the very first international auto brands to enter China, widely recognized by consumers and understood by its owners to have huge potential. And yet, Jeep is…