Nucor Corporation has announced it will halt production at its wire rod rolling mill in Connecticut, citing challenging market conditions created by a flood of low-priced imports from Canada, Greece, Mexico, Poland, and Ukraine.
Widely regarded as one of the nation’s leading experts on tariffs, industrial policy, economic modeling, and trade policy, Ferry’s contributions to CPA and the broader economic policy landscape have been transformative.
The Biden administration’s order followed a December 23 report by the Committee on Foreign Investment in the United States (CFIUS), which found that the acquisition posed unacceptable risks to America’s national security.
The CBO has not come all the way to our side, but it is nevertheless a partial confirmation of our view of the US economy. Broad-based tariffs will generate economic growth, create jobs, and raise household incomes, with only a very minor one-time increase in consumer prices.
The American people have made it clear they want strong trade policies that restore American self-reliance. Passing GSP or AGOA now would be a direct affront to the incoming administration’s mission to rebuild American industry and secure our nation’s future.
These nominations, brought forward at the end of the congressional session, undermine the opportunity to thoroughly assess and ensure the qualifications of candidates for such an important role.
Earlier this month, Liberty Steel announced its decision to idle its wire plant in Peoria, Illinois after idling the steel mill rod mill operations there in October. Liberty Steel also suspended rod mill operations at its Georgetown, South Carolina facility earlier this year.
CPA is proud to support Chairman Smith as he continues to champion policies that prioritize American workers and to rebuild our nation’s productive capacity.
The November JQI fell substantially, decreasing by about 0.5%. One of the major reasons behind this decline is falling wages for Electrical equipment manufacturing and Support activities for air transportation.
Peter Navarro played a key role in the first Trump administration in advancing pro-American trade policies and leveling the playing field for U.S. industry. His return signals a serious commitment to prioritizing American manufacturing and economic independence.
