The deficit fell in August thanks to US crude oil exports and autoparts shipments to Mexico, for example. But overall, the goods deficit rages on and will break $1.03 trillion this year.
Rumor has it the White House is dusting off an old Trump-era idea to do a free trade deal with the UK. Ex-USTR Lighthizer says they found no benefit in one. CPA obviously agrees. Here’s why.
The leaders of the Senate Energy and Natural Resources Committee grilled a government official on the EV batteries supply chain. From copper to EV battery minerals, the U.S. is way behind.
China EV battery makers are the world’s largest. The U.S. has none. So China is getting new contracts to build EV plants, thanks to Inflation Reduction Act. Some in Washington do not want IRA benefits going to China.
GOP leadership in the House Ways & Means Committee and its trade subcommittee agree the “free trade” Generalized System of Preferences cannot be reauthorized as-is.
House Science, Space & Technology Committee hears from Commerce Secretary Gina Raimondo on the progress of CHIPS Act funding. We’re getting there, she said.