Domestic Market Share Index – 2023 Q4
The CPA Domestic Market Share Index (DMSI) rose slightly for both Q4 2023 and the full year last year. The U.S. trade deficit in manufactured goods came in at an alarmingly high $1.07 trillion last year.
TRADE POLICY SPECIALIST, INTERNATIONAL BROTHERHOOD OF TEAMSTERS
Mike Dolan is a trade policy specialist and lobbyist for the International Brotherhood of Teamsters. A former labor lawyer and long-time political organizer, Mike brings three decades of coalition building and activism to the fight for Fair Trade. Mike has joined the Coalition for a Prosperous America at several of our meetings from California to DC and feels strongly that if CPA didn’t exist, “we’d have to invent it.”
The CPA Domestic Market Share Index (DMSI) rose slightly for both Q4 2023 and the full year last year. The U.S. trade deficit in manufactured goods came in at an alarmingly high $1.07 trillion last year.
The Biden administration’s recently announced proposal to increase the steel and aluminum tariffs on Chinese products from 7.5% to 25% could be a mixed bag.
In 2022, during the last Congress, House Democrats passed the Import Security and Fairness Act, which would deny de minimis treatment for all Chinese merchandise.
After three years of languishing in limbo, the Generalized System of Preferences (GSP), a quasi-free trade deal with more than 100 developing nations, will move out of the House Ways and Means Committee to the full House.