Varoufakis’ essay is a must-read for CPA members curious about what a former G-20 Finance Minister (the equivalent of our Treasury Secretary) thinks about the dollar.
President Trump released his “Fair and Reciprocal Trade” memo on Thursday, calling into question whether these new proposed tariffs will be permanent like the China Section 301s or quickly removed once a country “reciprocates” in kind.
It’s the most well-known secret on Capitol Hill: China owns the American generic drug supply chain. Basic thyroid or blood pressure medications might finally be put into pill form in an Indian lab and sold under an Indian brand like Cipla. But the organic compounds, or key starting materials, mostly come from China.
China is forecast to account for 45% of the world’s global industrial production by 2030. That growth comes at the expense of the West, which is projected to drop to 11% of global production in the next five years.
Despite Section 232 global steel tariffs and quotas on European raw steel, imports of steel slabs and steel products like steel rebar are up. The surge is eating into domestic producer market share, and companies are closing shop.
Jamieson Greer seems certain to be approved as the next United States Trade Representative (USTR), but the Democrats on the Senate Finance Committee proved once again that they are anti-tariff—unless the target is China.
Thanks in no small part to a strong dollar, and the animal spirits of the U.S consumer and businesses, the United States goods trade deficit broke a record in 2024.
The tariff threats against America’s northern and southern neighbors were designed to exact concessions from these countries to help Trump address the flow of migrants and drugs across the border.
Trump’s Commerce Secretary pick Howard Lutnick, former head of Cantor Fitzgerald in Manhattan, faced off with the Senate Commerce Committee on Wednesday in his nomination hearing.
JA Solar is a member of the Solar Energy Industries Association (SEIA)—a solar importers lobby deeply connected to Chinese companies—that has been a consistent advocate for policies to benefit China solar imports.
