By Michael StumoMarch 5, 2021InsideSources The past few years have seen a sea change in U.S. foreign policy. There is now bipartisan acknowledgment in Washington that China’s stunning rise to global preeminence has come at U.S. expense—and has cost the United States millions of good jobs along with critical manufacturing capacity. As a result, President…
The Job Quality Index (JQI) rose 0.67% to 81.58 in the March reading as the decline in low-quality jobs prompted a small increase in the JQI. The JQI report showed that the mean weekly wage for all P&NS workers increased to $862.28, a change of 0.69% from its revised level the month prior. The JQI, produced by…
Reshoring & Re-establishing Supply Chains — Doing so brings jobs, assets, and resources back to the U.S.. Harry Moser, founder and president, of the Reshoring Initiative talks with Melissa in episode 6 of Coalition Conversations. Want to learn more on the Reshoring Initiative and the programs Harry has worked on? Visit the following links: Reshoring Initiative…
By Kenneth Rapoza, CPA Industry Analyst As states lift lockdowns, pent up demand from consumers and businesses are driving imports. But the data shows that where we have yawning deficits — in things like pharmaceuticals with wealthy nations — there is an urgent need to reshore and reverse the current import trend. If not, we…
WASHINGTON — The Coalition for a Prosperous America (CPA) today highlighted how the January 2021 goods and services deficit reveals a serious, ongoing vulnerability in US industrial capacity. The data shows the US trade deficit rose in January to $68.2 billion. Alarmingly, imports increased by $3.4 billion to a total of $221.1 billion for January…
By Kenneth Rapoza, CPA Industry Analyst The Government Accountability Office says more can be done to stop forced labor goods from coming into US ports. Here’s a look at some American apparel makers who have sourced from companies that are currently banned by Customs. No one is saying they did it on purpose. But global…
By Kenneth Rapoza, CPA Industry Analyst Anthony Blinken: the US will build a “foreign policy for the middle class.” This will require a massive reindustrialization push, and a Biden administration willing to be at odds with multinational corporate interests that are increasingly global in nature. Did Secretary of State Anthony Blinken just make free traders,…
By Kenneth Rapoza, CPA Industry Analyst President Biden’s Executive Order on critical supply chains and their resiliency needs special attention to be placed on the mining and the recycling of key minerals used in electronics, electric car batteries and magnets used in defense navigational equipment. President Joe Biden issued an Executive Order last week to…
By Kenneth Rapoza, CPA Industry Analyst Shipping companies are preferring to send empty containers to Asia, in order to offload them and fill them with China goods bound for the US at a much higher price. Twenty-four Senators from farm states are now getting involved. Our new export to China: empty space inside a container…
By Kenneth Rapoza, CPA Industry Analyst With the exception of scolding China and threatening fines against companies doing business in Xinjiang — home to the Uyghur Muslims — many of our key allies from Canada to Europe do not see eye-to-eye with Washington on dealing with Beijing’s economic model. Even the WSJ and FT are…
