When George Washington was President, consensus existed that tariffs should be used for both (1) federal revenue purposes, and also (2) to protect domestic production. This consensus was embodied in the first sentence of the first U.S. Tariff Act, passed on July 4, 1789.
Two hundred years ago, on March 30 and 31, 1824, Henry Clay, then Speaker of the U.S. House of Representatives, delivered arguably the most consequential economic speech in Congressional history.
Today, the Biden-Harris Administration published an announcement of regulatory changes it intends to pursue vis-a-vis the de minimis loophole.
The Tax Foundation bills itself as the “world’s leading nonpartisan tax policy nonprofit”, but they do not understand the basic concepts of how tariffs work — or even what they are.
The de minimis catastrophe is getting attention on Capitol Hill, thanks to legislative champions on both sides of the aisle in Congress, and the advocacy of the The Coalition to Close the De Minimis Loophole (of which CPA is a member).
The de minimis problem is getting worse. Consider this article a “Summer 2024” update of how the de minimis catastrophe continues to escalate.
CPA has championed the need for the United States to free itself from the Literally America Last shackles of WTO tariff commitments. Most are unaware
The 118th Congress (2023-2024) is easily the best Congress we’ve had in the 21st century when it comes to tariff policy. U.S. Senators in particular are introducing new tariff bills for different products and industries.
The proposed acquisition of U.S. Steel by Japan’s Nippon Steel has understandably generated controversy and concern. At a gut-level, it feels wrong to many Americans.
China recently became the world’s largest car exporter, and by all accounts their global market share will keep expanding. One silver lining, at least, is that more and more leaders are figuring out that absent tariff increases, our nation will become a slave to foreign nations that do prioritize production.
