By Steven L. Byers, PhD and Jeff Ferry US trade with China was drastically disrupted in February in the wake of the coronavirus pandemic. China’s ability to export goods declined and their demand for imported goods fell as a large segment of their population was forced to self-quarantine. As a result, the US goods trade…

Excerpt: “We appreciate President Trump’s statement yesterday that he is NOT planning on deferring the collection tariffs,” the Coalition for a Prosperous America, which has supported the tariffs, said in a statement Wednesday. “This is not a recession caused by lack of cheap goods,” they said. “Incentivizing imports would kill many U.S. jobs that remain.” The calls by…

Editor’s note: Sen. Brown is right that tariff deferral is a terrible idea. The US is suffering from COVID and job losses, not the lack of cheap goods.  A “blanket” deferral of tariff payments would inhibit textile manufacturers’ ability to produce personal protective equipment in the U.S., Sen. Sherrod Brown (D-OH) argued on Wednesday in…

Editors note: this White House email has a comprehensive list of Covid information and resources. Assistance for American Workers and Families In the weeks immediately after the passage of the CARES Act, Americans will see fast and direct relief in the form of Economic Impact Payments. For more information, CLICK HERE. [Joseph Russo | April…