Trade Deficit Rises 0.8% to $75 Billion In May; Goods Deficit Jan-May Beats Same Time Last Year at $477.15 Billion
The goods and services deficit for May rose a tad to $75 billion, up 0.8% from the previous month.
China’s Domestic Content Rules Expands To Foment Faster Growth In Chips Sector
Domestic content rules and mandates have worked for China. Should the U.S. try to copy it, in spots, along key supply chains like new energy and semiconductors?
How the ‘Experts’ Got Tariffs So Wrong—and Trump Got It Right
Trump has a new idea about the economy. The usual suspects hate it. On June 13, Trump said he’d consider a 10 percent tariff on imports and use the revenue to reduce some income taxes.
American Drone Maker Tells House CCP Committee Tariffs Necessary
The CEO of American drone maker Skydio told the House Select Committee on the Chinese Communist Party in a hearing last week (June 26) that tariffs were a much-needed tool if the U.S. wants any semblance of a domestic drone industry.
CPA’s Jeff Ferry: An Economist’s Wish List On The Trump/Biden Debate
When asked about China, both Trump and Biden should say that China’s trade surplus is an insult to the world and a huge disruptor to our economy.
CPA Chief Economist Jeff Ferry Talks Tariffs, Taxes & The Dollar In Industry Week Webinar
CPA’s chief economist Jeff Ferry joined two other panelists Wednesday to talk trade in an hour-long webinar by Industry Week magazine titled the “2024 Manufacturing Economy First Half Checkup.”
John Deere: Shrinking In Iowa, But Set To Grow In Mexico
John Deere will lay off or offer early retirement to over 200 workers in Iowa, while at the same time the tractor producer is gearing up to move production of mid-frame skid steer loaders and compact loaders from its plant in Dubuque, Iowa to a proposed new facility in Mexico.
Your Summer Barbecue Is Less American Than You Think. Senator Mike Rounds Wants To Do Something About It.
The steaks and hamburgers you put onto your grill this summer are less American than one might think. In fact, the U.S. imports almost as much beef as it exports as global meatpackers continue to turn to imported beef, based on USDA data year-to-date.
Partisan Joint Economic Committee Argues Over What’s Better: Trump Tax Cuts Or Biden Industrial Policy
Last week, Republicans and Democrats from the Senate’s Joint Economic Committee squared off against each other – with one side arguing in favor of industrial policy programs like the Inflation Reduction Act – and the other side arguing in favor of lower corporate taxes.
Rx Import Alert: CVS Branded Generic Drugs Singled Out In Bloomberg Report For Most Recalls
The foreign labs in China and India that make the branded drugs for CVS pharmacies nationwide are coming under increased scrutiny for unsafe manufacturing practices.
