The premier bipartisan organization of domestic mfgs, workers, farmers & ranchers working at the intersection of trade, jobs, tax and economic growth 🇺🇸
Any lawmaker who seeks to be the next Speaker of the House must commit to passing legislation to address the threat posed by China.
Full stop.
Here's what that looks like ⬇
Washington got it wrong. Granting China 'most favored nation' status hasn't made Beijing a friend or partner—quite the opposite, in fact.
Congress should revoke MFN & help American manufacturers better compete with China's heavily subsidized factories.
The growing U.S. trade deficit with China is a serious problem that undermines U.S. economic & national security.
After decades of offshoring production, jobs, & ceding industrial capacity to China, it’s time to reshore industries & strengthen domestic supply chains.
On the debt ceiling, my view is the most important deficit we face is the trade deficit with China. Every dollar represents jobs lost (60k & counting in Missouri), industry lost, communities decimated. We’ve got to quit making China rich & get good blue-collar jobs back in USA
China’s predatory auto industry is a direct threat to American auto manufacturers & hundreds of thousands of workers that rely on this critical industry.
A fully protective tariff on all Chinese vehicles is warranted.
CPA STATEMENT ➔
🚨
#China
’s use of Variable Interest Entities (VIEs):
“The most scandalously deceptive financial structure I’ve seen…95% of Chinese listed companies are using this deceptive vehicle. The American people have no idea that they don’t own one single share in one Chinese company.”
“With the passage of this bill, Congress is sending a clear message to China and stateless multinational corporations that profit off of cheap Chinese imports: the days of profiting off of forced labor and human rights abuses are over.” —
@michael_stumo
Thank you Chairman
@RepGallagher
for your leadership on the
@committeeonccp
. The findings of our report on
@Vanguard_Group
should alarm every Member of Congress and the American people. It's time for Congress to take action.
Get the report here ➔
BREAKING: A
@cpa_tradereform
report this week revealed
@Vanguard_Group
is directing Americans’ savings to the CCP’s military.
Just ONE fund included 60 subsidiaries of CCP Military companies.
🎥
@RepGallagher
calls on Vanguard to STOP fueling our own potential destruction. 👇
NEW: Billions of dollars of U.S. investment, goods, & services are flowing to Chinese companies engaging in activities that violate U.S. sanctions against Iran, indirectly funding activities that counter U.S. national security & international stability.
Americans are in direct & daily conflict with the CCP.
STEPPING UP: Florida, Illinois, Kansas, Missouri & New Jersey all have legislation currently moving through state legislatures relating to mandatory divestment of state pension funds from China.
🔗
💪🇺🇸
@SenatorBaldwin
's COOL Online Act passed the Senate Commerce Committee with overwhelming bipartisan support.
This important bill protects Americans’ right to know where the products they buy are made & help promote goods that are made in America.
CPA to
@POTUS
Biden: Address the decades of failure by
@US_FDA
to allow Chinese & Indian drug manufacturers that are flagrantly violating FDA safety regulations, yet still exporting tens of millions of potentially harmful doses of medicine to the U.S.
The Biden administration’s 201 extension on solar products is an ineffective extension in name only. Make no mistake, this 201 extension is a gift to China and their heavily-subsidized solar manufacturers.
Hamilton's recipe of tariffs & industrial subsidies the U.S. pursued into the 20th century worked.
As America confronts China's aggressive competition, It’s time to learn from the past & regain our mighty industrial self-sufficiency.
NEW CPA Opinion ➔
Pres. Biden is planning to gut 301 tariffs on
#China
that were imposed to counter the CCP's illegal, unfair trade practices harming American workers & manufacturers.
73% of American support the China tariffs.
Tell Biden: Protect American workers👇
#China
is violating the Phase One agreement. China repeatedly violates international trade rules, and steals and cheats as part of the CCP's economic warfare against American workers.
Despite that threat, these 53 Senators want to gut China tariffs.
Last year, 91 Senators voted to gut
#China
tariffs. Now, it's just 53. According to
@MorningConsult
, 73% of voters support tariffs on
#China
.
Congress must hold the CCP accountable violating trade agreements & waging economic warfare on American workers.
Not only would the removal of China’s MFN status protect American businesses & workers, it would also benefit American taxpayers by generating BILLIONS in additional revenue for the U.S.
It's the logical next step to reduce our reliance on China. ➔
Great piece by
@JoshZumbrun
in the
@WSJ
on how
#Russia
’s war in
#Ukraine
is exposing the risks posed by globalization.
“Globalization hasn’t brought peace…Russia and China are working against the security of the U.S. economy.” — CPA Chair
@ZachMottl
2023 has been the most monumental year since CPA's founding. We are spearheading a formidable bipartisan effort in Washington, D.C. to reshore domestic production, decouple from China, & balance U.S. trade flows.
As the year enters the homestretch, we're just getting warmed up.
📺 WATCH ➔ Former U.S. Undersecretary of State
@KeithJKrach
joins
@MariaBartiromo
to discuss the dangers of American investors unknowingly funding China—bolstering a predatory economic adversary and facilitating a military with global supremacy ambitions.
Our new poll shows an overwhelming majority of voters—71% of Democrats, 70% of Independents, 76% of Republicans—support the U.S. govt using trade remedies like tariffs on
#China
.
So why is the Senate trying to dismantle
#China
tariffs?
Read more➡️
1-Don’t Let
#China
Take Over the
#US
#SolarIndustry
-
#CPA
-Though it hasn’t been covered by the mainstream media,1 of the major success stories of the
#TrumpAdministration
can be found in US solar manufacturing.Over past 3 yrs American solar manufacturing..
"Businesses that emphasize local production have been rewarded during this tumultuous time. They’ve been able to fulfill orders quickly for existing clients and have attracted new ones who can’t get what they need from manufacturers overseas."
If the White House believes we are facing a climate emergency, then the Biden administration will have to work overtime to explain why outsourcing pollution to China, and elsewhere, is a good idea when we can do it here with a smaller carbon footprint.
.
@Teamsters
General President on China:
"The only beneficiaries of free trade are greedy corporations that abuse and disrespect American workers. U.S. trade policy with China must change."
📰
The sad, scary fact is that because of de minimis, it’s impossible to know how many illicit narcotics packages are entering America each day — or for U.S. Customs to inspect them.
Closing the loophole isn't just about policy. It's about life or death.
🚨The Senate removed a provision in the CHIPS bill that applied safeguards to ensure taxpayer💰 invested in research at universities won't go to
#China
.
Senators cannot allow China & foreign adversaries to exploit R&D funding! Will the Senate fix this before it's too late?
Granting China 'Most Favored Nation' (MFN) status was a serious mistake that has cost millions of American jobs and shuttered tens of thousands of factories.
@RepDavid
can help reverse the damage.
With tariffs on the cusp of being brought back into the fold of rational economic management tools,
@Micaheadowcroft
argues Trump's 'universal baseline tariff' proposal should be praised for reviving the tradition of the Hamiltonian economy.
READ ➔
As Congress considers removing China stocks from government savings plans, geopolitical risks and a soft decoupling has turned a must-have investment into a questionable one.
American investors are losing money in China.
🔗
As the presidential election approaches, opponents of tariffs are again warning of economic calamity if Trump’s proposals are implemented.
There’s just one problem: their pro-free trade economic analysis has been wrong for years.
Here's why ➔
The
@StateDept
imposed visa restrictions on certain employees of Chinese technology companies like Huawei that provide material support to regimes engaging in human rights abuses globally.
The number of Chinese-listed companies on US exchanges is up 26 % to 217 -
#WallStreet
firms like
#GoldmanSachs
are backing Chinese companies who want to list here.
"It’s time for Washington to make sure that millions of Americans have reliable access to safe, quality medicines — including heparin. There’s little time to waste in protecting the nation’s healthcare, now and in the future." —
@Rosemary100
Presidents Obama & Trump may not agree on much, but they did agree tariffs should be imposed on Chinese solar panels.
Now China is using transshipping to skirt tariffs, & it's important to remember
@POTUS
vetoed a bill that would've addressed the issue, as
@CongBillPosey
notes.
“It’s time to bring our supply chains home, including mining and critical materials. Failing to do so will lead to taxpayer money slipping away to China—an unfortunate loss of both good jobs and national self-sufficiency.” — CPA CEO
@michael_stumo
The medicines you take should be made right here in America. That's why we're supporting
@RepTenney
's
#PILLSAct
, an incredibly important bill that would create massive incentives to strategically reshore U.S. domestic production of generic medicines.
Xi’s Chinese Communist Party lies, cheats, steals IP, commits genocide against its own people, backtracks on intl agreements, & more.
But Xi says that anyone who pushes back “will have their heads bashed bloody.”
We applaud
@SenOssoff
,
@SenatorWarnock
,
@SenatorBennet
, &
@SenStabenow
for introducing a bill to boost U.S. domestic solar manufacturing.
The push to transition to clean energy & create green jobs must be accomplished by supporting 🇺🇸 companies & workers.
CPA to
@AmbassadorTai
&
@USTradeRep45
: Don't allow multinationals to abuse the
#China
301 exclusion process.
“It does not appear that any petitioner offered evidence to substantiate efforts to source from outside China."
U.S. companies are boosting China's semiconductor industry at the cost of American national security.
It has to stop, and we need your voice to send the message.
Tell Congress: Support American manufacturing and end China's chip dominance.
1-If the US remains dependent on Chinese imports,the next pandemic could end up being far worse than Covid-19.The country may not survive a military conflict if its vital logistical sources r spread willy-nilly around the world,or controlled by a hostile..
Chinese fast-fashion brands Shein, TEMU, and powerful lobbying forces are hoping to maintain the de minimis status quo that allows millions of packages of cheap clothing to enter the U.S. without tariffs or inspections.
The ramifications are daunting.
With domestic textile manufacturing nearly gone, cotton farmers who are this month starting to sow millions of acres from California to the Carolinas are less likely than ever to find a buyer for their next harvest at home.
A recent poll shows that 66% of American people hold a negative view of China, and 91% say the U.S. should continue to be the world’s leader. This trend is borne out in their shopping, with consumers buying American-made products like never before.
@POTUS
How do multinationals use the tax code to “BEAT” U.S. companies?
Our Tax Policy Director
@CentristinIdaho
explains how & why we need Sales Factor Apportionment “in order to finally tackle the profit-shifting that foreign companies currently enjoy.”
Raise your hand if you didn't spend $40,000 to have an autumn vegetable salad with CCP Chairman Xi after showering the trade law violator and human rights abuser with a raucous standing ovation this week...
👋👋👋
"That is the best, most comprehensive answer to that question [on China] since I've been a United States Congressman and been on this Committee."
🗣️
@RepArrington
to CPA CEO
@michael_stumo
WATCH: CPA CEO
@Michael_Stumo
testifies to
@HomelandGOP
on the urgent need to close the de minimis loophole, Chinese forced labor goods in U.S. supply chains, & undetected fentanyl shipments entering America.
Simply put, the credibility of the United States is on the line.
America’s dangerous dependence on imported drugs has become particularly acute when it comes to the generic pharmaceuticals on which Americans depend each day.
#bringitback
🇺🇸 via
@michael_stumo
@MorningConsult
A reliance on cheap imports has led to the current over-dependence on imports. It’s an unnecessary risk for the nation’s economic security. The solution is clear: start manufacturing more materials, products and equipment here in the U.S.
Ambassador Lighthizer is exactly right.
#China
tariffs have nothing to do with inflation.
The U.S. imposed tariffs to counter serious unfair & predatory practices by China. Gutting them would give China a pass to cheat & cost many Americans their jobs.
“We are disappointed that the Biden administration granted exclusions to the 301 tariffs on many Chinese products that have alternatives that are made or could be made right here in America, or are made outside of China.” — CPA Chairman
@ZachMottl
According to new data, Americans think that U.S. foreign should prioritize first “protecting jobs for American workers.”💪🏼🇺🇸🏭
Here’s why that’s a good thing—and why lawmakers in Washington need to do something about it.👇
.
@RepTenney
's
#PILLSAct
could give pharmaceutical companies the tax incentives needed to shift generic drug production back to America. To save lives, Congress should quickly pass the PILLS Act as soon as possible.
READ ➔
CPA urged
@SecYellen
to take urgent action to protect U.S. retail investors and pensioners from risky, dangerous Chinese A-share companies that are available via certain investment products like Exchange Traded Funds (ETFs) and other index funds.
‼️ Apple is reportedly freezing plans to use memory chips from China’s government subsidized Yangtze Memory Technologies Co. (YMTC). Earlier this year, CPA &
@ChinaTechThreat
released a policy paper that highlighted the dangers of Apple using YMTC chips.
In its final ruling,
@CommerceGov
found that Chinese solar manufacturers are ILLEGALLY avoiding existing AD/CVD duties. Unfortunately, President Biden's Solar Emergency Declaration rewards China's cheating, ensuring they will face no repercussions.
🔗:
📺 WATCH: CPA CEO
@michael_stumo
joins
@FoxNews
'
@TGowdySC
to discuss how the De Minimis Loophole is fueling America's fentanyl crisis & how Biden Administration has the power to close the loophole next week.
Why is
@SEIA
lobbying so furiously against the
@CommerceGov
investigation into illegal activity by Chinese solar firms?
Because they represent & are funded by the very same Chinese companies that are implicated in the investigation. Get the facts👉
Our Healthcare Committee Chairwoman
@Rosemary100
joined
@MariaBartiromo
to discuss why the Biden administration’s withdrawal of a WTO proposal to strengthen U.S. medical supply chains threatens 🇺🇸 economic & national security.
Watch the full interview ➡️
CEO of American drone maker
@SkydioHQ
told the
@committeeonccp
in a hearing last week that tariffs are a much-needed tool if the U.S. wants any semblance of a domestic drone industry.
“Competition with China plays out in every sector that we serve.”
🔗
Despite bipartisan opposition, the
@tsp4gov
board moved ahead yesterday with their plan to invest the retirement savings of federal government employees, active duty servicemembers, veterans, and retired civil servants in bad-actor Chinese companies.
.
@SenHawleyPress
is exactly right 👇
“China repeatedly violates the rules of international trade and unapologetically steals and cheats in its economic relationship with the United States,” Hawley wrote. “To cut tariffs at this juncture would be a strategic blunder.”
“Thousands of drugs are made with ingredients produced only in China, including medications currently used to help patients recover from the coronavirus.” via
@Rosemary100
The major meatpackers in the US are foreign-owned, or they are stateless multinationals. Their warnings of meat shortages while exporting more to China are another reason that they shouldn’t be trusted.
For decades, the GTAP model was used to predict effects of free trade agreements. There's just one big problem: it's NEVER been right.
CPA's Economic Research Team modified the GTAP model to account for what actually happens in the real world.
MORE ➔
The argument for tariffs as the culprit for a sharp increase in inflation is the dog that didn't bark, according to CPA Chief Economist Jeff Ferry.
U.S. over-reliance on China & too few producers located too far away was the genesis for the surge.
ICYMI: Watch as CPA CEO Michael Stumo delivers an opening statement during today's testimony before the House Ways & Means Committee, highlighting de minimis, an import loophole non-market economies like China exploit at the expense of American producers & workers.
The
@CommerceGov
should investigate unlawful Chinese circumvention, protect U.S. companies against Chinese retaliation, & ignore the fear mongering of special interests that rely on importing Chinese solar made with forced labor and dirty coal.
Read 👇
We have it on good authority that if President Washington was still around, he'd probably be vibing with our Made in America mission. 🇺🇸
#PresidentsDay
Former U.S. Trade Rep. Robert Lighthizer has an idea on how to deal with China – just raise tariffs on everything they sell us.
CPA's Jeff Ferry: "Bob Lighthizer [understands how global competition works], & is providing the right recommendations."
"We've seen a variety of efforts by Chinese businesses...state-owned enterprises...private companies...attempting to acquire businesses, land, infrastructure, in the U.S. in a way that presents national security concerns."
📺
@FBI
Director Chris Wray sounds the alarm on China:
“Most Americans would be shocked to learn that millions of doses of poor-quality and potentially harmful generic drugs are being imported into the United States each year. Despite safety concerns, hospitals keep using them every day.” —
@Rosemary100
If war were to come in the Pacific, the U.S. would be at a disturbing disadvantage due to its heavy dependence on China for a wide swath of necessities, from antibiotics to military hardware.
NEW in
@MarketWatch
from
@robbystephany
➔
It's an affront to U.S. taxpayers that the House is purchasing masks made in China, especially when there are American companies employing American workers manufacturing N95 masks and other critical health care products like PPE.
The intensifying national security threat from China, & supply chain vulnerabilities newly revealed by the COVID pandemic have highlighted more than ever, the need for an Industrial Policy
A new
@MorningConsult
poll of registered voters shows overwhelming support for U.S. domestic solar manufacturers & strong opposition to continued importation of solar panels produced by Chinese companies.
Read more here 👇
#China
’s reliance on coal to produce polysilicon is fueled by America’s reliance on Chinese solar made with Uyghur forced labor.
To tackle climate change & increase US deployment of solar, Congress should pass legislation to boost 🇺🇸 solar manufacturing.
America's trade deficit with China has cost the U.S. 3.82 MILLION jobs since 2001 — 3/4 of those losses in manufacturing.
Repealing China's "Most-Favored Nation" status would help reverse our reliance on China & rebuild American manufacturing.
🔗
Other than Trump, no one did more to refashion trade to prioritize domestic manufacturing, deprioritize trade deals, sideline the WTO, & embrace tariffs than Ambassador Robert Lighthizer.
The unfinished business? An even bigger shift in global trade.
A must watch interview with Ambassador Lighthizer and
@IngrahamAngle
on trade, why the
@GOP
must embrace an America-first trade policy, and that the TPP "was the single biggest gift to China."
“Chairman
@RepJasonSmith
recognizes, as we do, that federal tax and trade policy must prioritize U.S. domestic producers and workers—not a blind pursuit of free trade that has come at the expense of American workers and gutted our nation’s productive capacity.”—
@michael_stumo
Ways and Means Republicans will put America first.
🇺🇸 Re-shore & strengthen supply chains
🇺🇸 Punish unfair trade practices that benefit China at the expense of the American workforce
🇺🇸 Unleash American energy production to build America’s energy independence & lowers costs
“If Wall Street really cared about "ESG," they wouldn’t turn a blind eye to China’s human rights abuses, genocide, and military aggression – just to make a profit.”
Here’s how Wall Street is funding China and why Congress must put a stop to it 👇
Eyedrops pulled from pharmacy shelves around the U.S. last month were made in an unsanitary factory in India where workers went barefoot & made up test results so the products appeared to be safe.
Congress should pass
@RepTenney
's
#PILLSAct
ASAP.
.
@SpeakerPelosi
should act now on
@SenJohnKennedy
's bill to accelerate the delisting of non-compliant Chinese companies from U.S. exchanges.
Watch as SEC Chairman
@GaryGensler
lends his support for this important bill.
Read CPA's full statement here👇
ICYMI: As CPA CEO
@Michael_Stumo
testified last week, the de minimis loophole is the swiss cheese of America's tariff wall against China, undercutting domestic competitors & allowing dangerous, faulty & counterfeit goods into the U.S.
Shut. It. Down.
Chinese companies currently building weapons to threaten U.S. troops are raising money in U.S. financial markets. Even worse, Wall Street is helping the CCP access our markets & exploit unwitting American investors.
It's time for Congress to take action.