American solar boom? Not so much.

The decision by a Massachusetts solar company to abandon plans to build a $1.4 billion U.S. factory highlights the risks amid a flood of Chinese clean energy exports.

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After 3 years in limbo, the Generalized System of Preferences (GSP), a quasi-free trade deal with more than 100 developing nations, passed out of Ways & Means yesterday along a party-line vote.

Here's why that's bad ➔ tinyurl.com/5yb2m4at

BREAKING: Today, CPA released a statement following a markup by the House Ways and Means Committee of trade legislation, including bills on the de minimis loophole and the Generalized System of Preferences (GSP) program.

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Chinese steel is likely to be a substantial portion of Mexican shipments to the U.S., despite increased tariffs on China.

Mexico's steel surge risks high-paying American jobs and investments. It's past time for the The White House to address this issue.

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Japan’s Nippon Steel has inched closer to buying Pittsburgh-based U.S. Steel now that the U.S. company’s shareholders have approved of the Dec. 18 acquisition offer.

Only Washington can stand in the way. But will it?

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🚨 WATCH: A recent report details alarming ties between Nippon Steel and the CCP. Nippon’s acquisition of U.S. Steel poses a serious threat to American national and economic security. President Biden must stop it.

1/6 Industrial policies are well underway in the US, w/bipartisan support. Biden supports tax credits, Trump tariffs. Both aim for productivism, ie valuing production and productive JOBS ahead of consumption, especially consumption financed by debt. bit.ly/4aZaHux

ICYMI: Yesterday, USTR Katherine Tai sat for a 2+ hour Ways and Means Committee hearing where the Ambassador was met with staunch policy challenges from Chairman Rep. Jason Smith on numerous trade matters.

CPA's Kenneth 老百姓 Rapoza has the wrap-up ⬇

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STATEMENT: While we welcome the Biden Administration's action to protect U.S. steel & shipbuilding industry from China’s unfair practices, ignoring Mexico's blatant violations of its 2019 steel agreement with the U.S. is unacceptable.

MORE ➔ tinyurl.com/y738szr9

HAPPENING TODAY: House Oversight Committee & Oversight Committee Democrats will hold a hearing detailing the CCP's efforts to infiltrate & influence the U.S. through “political warfare” by targeting American infrastructure, food supply, religious communities, & social media.

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Fentanyl has driven a devastating surge in fatal poisonings in the U.S., killing thousands of Americans. Meanwhile, China encourages production of precursor chemicals by giving 'grants & awards to companies openly trafficking illicit fentanyl materials.'

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Joe Biden has the power to institute tariffs and provide immediate relief to our steel industry and its workers. He should have used this power months ago. Mexico is exploiting Joe Biden’s weakness and it’s costing us jobs and investment. prosperousamerica.org/mexicos-violat…

20 months after the Inflation Reduction Act was supposed to supercharge advanced energy manufacturing in the U.S., China is still dominating.

Even more sobering: China’s share of global production capacity is now above 80% for 11 essential technologies. bloomberg.com/news/newslette…

How bad does Beijing’s behavior have to become before the United States stops talking with China? It’s time to take pragmatic steps, including the removal of China’s 'Most Favored Nation' status, to protect our national interest.

NEW CPA Opinion ➔ tinyurl.com/36varn76

The House and Senate are currently considering several newly-introduced bills that'll make it harder for Wall Street to invest in Chinese securities & companies with ties to the PLA, human rights abuses, & those already sanctioned by the United States.

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Not only is China a security threat and a low-end factory competitor, but it's also angling to swamp the West with cut-rate high-tech goods. There's been less focus on the downsides of such a strategy for China itself.

READ ➔ tinyurl.com/3rntaxeu

The de minimis loophole isn't just a gap—it's a gateway for China's deadly exportation of fentanyl into the U.S. Closing this loophole isn't just necessary—it's a matter of life and death.

Important hearing starting NOW ⬇ x.com/committeeonccp…

The pro-American economic policies of Presidents Biden & Trump before him have been under attack in financial press in recent weeks. The arguments—that free trade leads to economic growth—are wrong.

Enter a pro-manufacturing approach, or 'Productivism.'

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NEW analysis from the CPA Economics Team:

Steel imports from Mexico have surged far above historic levels, violating Mexico's trade agreement with the U.S. and threatening local U.S. economies.

➔ tinyurl.com/44epzzce

Dollar overvaluation degrades our military & civilian industrial base. President Reagan & his Treasury Secretary James Baker knew this.

Today's trade & international macro folks would do well to re-learn the lessons of their forefathers.

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