CPA Applauds Provisions in Inflation Reduction Act that Boost U.S. Domestic Solar Manufacturing, Reduce Tax Benefits for Offshoring Profits and Production
Domestic producers often pay double—or more—in federal taxes compared to large multinational competitors that have offshored production and shift profits to tax havens. Read the article.
Trade Model Shows Broad Tariff Increases would Create 10 Million Jobs
Specifically, CPA proposes an additional 15% tariff increase on all imported goods from Free Trade Agreement (FTA) countries, and an additional 35% tariff increase on all imported goods from Non-Free…
Prime Minister Anthony Albanese lays out economic importance of onshore manufacturing ahead of jobs summit
Speaking in Melbourne on Monday, Prime Minister Anthony Albanese urged more investment needed to be made to bring back onshore production and manufacturing, claiming it was a matter of economic…
Government to hike import duty on goods that can be manufactured in India
“Why would you import something which can be produced in the country,” said a finance ministry official. Countering the recent criticism of rising protectionism, finance ministry officials on Thursday said…
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…