In the quest to attract investment from foreign and domestic corporations, the State of Georgia has become a home for Electric Vehicle-related manufacturing. In 2019, SK Innovation (SKI), an Electric Vehicle (EV) battery manufacturer and subsidiary of a South Korean global conglomerate, broke ground in the town of Commerce, Georgia, on a $1.67 billion manufacturing plant to produce batteries for Ford and Volkswagen, with a promise of creating 2,000 jobs.
Read MoreU.S. Representative Jan Schakowsky of Illinois has drafted a letter asking the Biden administration to reverse the Trump administration’s opposition to removing intellectual property protections relevant to COVID-19 medicines. In a nutshell, Schakowsky’s idea is to allow the infringement of longstanding intellectual property rights to let developing countries produce medicines outside the normal operating parameters.
Read MoreGlobal battery manufacturer LG Chem’s battery spinoff is known as LG Energy Solution. In partnership with General Motors, it has established a sizable footprint in Ohio. In 2019, LG announced plans to construct a facility in Northeast Ohio as part of a $2.3 billion investment that is expected to generate well over 1,000 new local jobs.
Read MoreThe Trade Alliance to Promote Prosperity is pleased to join 75+ national and state-based free market organizations in opposing the "Most Favored Nation" Model that would import socialist price controls and inject them into American healthcare.
Read MoreRight now, two subsidiaries of Korean global conglomerates are engaged in a bitter intellectual property (IP) theft dispute before the United States International Trade Commission (ITC). LG Chem has accused SK Innovation of stealing trade secrets pertaining to its lithium-ion battery technology and then leveraging these trade secrets to secure lucrative contracts in the United States,... read more.
Read MoreFrom Georgetown Capital Advisors: On June 26, The Mosaic Company (NYSE: MOS) announced that it had filed petitions with the US International Trade Commission (ITC) and the US Department of Commerce (DoC) requesting the imposition of countervailing duties (CVDs) on imports of phosphate from Morocco and Russia. Mosaic’s stock has, since that date, appreciated 80.5% as of the market close on Friday, December 11, with price increases following key events related to the investigation.
Read MoreUS Patent and Trademark Office (USPTO) Director Andrei Iancu put out a request for comments for feedback on what stakeholders think the rules should be for the Patent Trial & Appeal Board (PTAB). This represented a pivotal opportunity to commend the USPTO for this inquiry and urge serious regulations/guardrails/reforms to PTAB--an opportunity we gladly seized. Read the comments we submitted here.
Read MoreThe bottom line: Socialist price controls are harmful to patients and harmful to the American economy.
Read MoreThe Trade Alliance to Promote Prosperity, along with 22 other free market groups, recently signed onto a letter to U.S. Senator Lindsey Graham, Chairman of the Senate Judiciary Committee, and U.S. Representative Jim Jordan, Ranking Member of the House Judiciary Committee, expressing our strong support for the important changes that the current leadership of the U.S. Patent & Trademark Office (USPTO) has made over the past three years to bolster patent reliability and to promote the rule of law.
Read MoreThe Trade Alliance to Promote Prosperity recently signed onto a letter in response to a request for comments from U.S. Senator Lamar Alexander and U.S. Representative Greg Walden regarding modernization of the 340B drug pricing program.
Read MoreOn September 24, the Trump administration finalized its plan to allow for the importation of prescription drugs from foreign markets. Under the plan, states could develop proposals for federal government approval to facilitate the importation of certain drugs from Canada.
Read MoreOn September 24, the Trump Administration finalized its plan to allow for the importation of prescription drugs from foreign markets. Under the plan, states could develop proposals for federal government approval to facilitate the importation of certain drugs from Canada. The Trump Administration plan is politically motivated and provides a false hope to voters that the plan would lead to lower drug costs and that the drugs would be safe.
Read MoreIn his State of the Union Address, President Trump said, “We will never let socialism destroy American healthcare.”
Yet on Sunday, September 13, the president signed and released a “Most Favored Nations” Executive Order regarding prescription drugs covered under Medicare that imports socialism into American healthcare.
Read MoreThe International Trade Commission and Department of Commerce are entertaining a request to impose a new tax of between 30 to 71% on imported Moroccan and Russian phosphate fertilizer. It’s unclear why these bureaucrats would even consider this move when producers in all countries — including the U.S. — receive government subsidies. However, what is clear is that the added fees would have significant ramifications for the entire farm community.
Read MoreCountervailing duties (CVDs) on phosphate fertilizer from Morocco and Russia would add between $100 and $250 per ton to the fob price of imported phosphate fertilizers. Based on the share of the fertilizer supply from imports, pro-rated by country market share, and the total domestic and imported supply, using the two-year average 2018-2019 fob Gulf price of MAP and DAP, the entire supply of phosphate fertilizers could see a $60 to $80 ton price increase.
This price impact could lead to an upstream $80 to $100 per ton increase in MAP and DAP fertilizer for farmers. For an N-P-K application rate of 180-70-70, that could mean a more than $7.60 per acre increase in production costs for phosphate fertilizers for U.S. farmers.
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The American Edge Project is a newly formed coalition dedicated to the proposition that American innovators are an essential part of U.S. economic health, national security and individual freedoms.
The Trade Alliance to Promote Prosperity (TAPP) has long advocated for innovation in the American economy, especially by protecting intellectual property rights. TAPP has joined the American Edge Project in a coalition to maintain “America’s edge” through smart regulatory and policy strategies to preserve an open and accessible digital environment.
Read MoreToday, the U.S. International Trade Commission voted to continue investigations concerning phosphate fertilizers being imported from Morocco and Russia. The Trade Alliance to Promote Prosperity denounces this vote and the corresponding investigation.
Read MoreIn his State of the Union Address, President Trump said, “We will never let socialism destroy American healthcare.”…
Read MoreSeveral states’ attorneys general have made an egregious request to the federal government to subvert the patent rights of Gilead Sciences, Inc., the manufacturer of Remdesivir, which has been fast-tracked by the U.S. Food and Drug Administration (FDA) and has shown promising results in reducing the risk of death and length of hospitalization for COVID-19 patients…
Read MoreToday, eight prominent Republican U.S. Senators wrote to Commerce Secretary Wilbur Ross and International Trade Commission Chairman Jason Kearns and urged them to deny Mosaic’s petition.
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