(The Center Square) – The U.S. House of Representatives passed legislation that would prohibit electric-vehicle batteries from Gotion and several other foreign companies from being used by the U.S. Department of Homeland Security.
Companies based in the People’s Republic of China (PRC) frequently commit crimes violating U.S. trade laws including fraud, duty evasion, and transshipment which benefit the PRC’s non-market economy and undermine U.S. companies and workers.
Congress should use Defense Authorization Act to enforce domestic sourcing rules
SCHAUMBURG – Last week, nineteen students from Seoul, South Korea visited the Technology & Manufacturing Association’s training facilities in Schaumburg to learn more about the career options manufacturing offers.
Fifty-two years ago, President Nixon went to China. The news
of his visit was shocking. The Washington Post wrote, “If Mr.
Nixon had revealed he was going to the moon, he could not
have flabbergasted his world audience more.”
Washington, D.C. – Congressmen Darin LaHood (R-IL) and John Moolenaar (R-MI) have introduced the No Official Giveaways Of Taxpayers’ Income to Oppressive Nations (NO GOTION) Act. The bill would prohibit companies affiliated with the Chinese Communist Party (CCP) from receiving green energy production tax credits implemented by the Biden Administration in the Inflation Reduction Act (IRA).
CHICAGO – The Chinese company Gotion is moving forward in its plans to build a sizeable facility in Manteno, Illinois, e0 miles southwest of Chicago. The effort has drawn attention nationally, as federal and state tax dollars are reportedly being used to subsidize the $2 billion factory.
The Coalition for a Prosperous America (CPA) released a statement calling on the Biden administration to address Mexico’s blatant and continuing breach of a 2019 joint agreement to lift steel tariffs in return for Mexico avoiding a surge of steel imports,
No matter how you look at it, China stocks are a money loser for investors these days. How bad is it? Below are some charts showing the performance of Shanghai, Shenzhen, Hong Kong, and U.S. listed shares of Chinese companies compared to U.S. rivals, and benchmark indexes like the S&P 500.
Producing is the way America’s forefathers saw as the most efficient way to produce a healthy national economy, and unless America moves back into producing more than it takes in from other countries, the US economy will continue to struggle.
