Reindustrialization might cause some above-target inflation. Deindustrialization, meanwhile, might take countries out of the running of the industries of today, and the future, too, said former European Central Bank president Mario Draghi.
The majority of House Democrats have joined forces with outgoing Oregon Congressman Earl Blumenauer in pleading that the President repeal the de minimis loophole in Customs law – a provision that many refer to as the China free trade agreement.
For years, the Solar Energy Industries Association (SEIA) has served as a de facto mouthpiece for Chinese solar manufacturers, consistently pushing policies that benefit China’s dominance in the solar industry at the expense of American manufacturers.
Tariffs must be part of the toolkit to manage the influx of products from Chinese tech companies, whether from e-commerce platforms like Temu or from a growing number of low-cost microchip manufacturers set to flood the global market with semiconductors.
Trump said he wanted the U.S. “to be the manufacturing superpower in the world. We can do that intelligently with trade policy that uses tariffs that encourages production here. We deserve it.”
The U.S. goods and services trade deficit rose 7.9% for the month of July, but the goods deficit alone hit a record for the year – $103.13 billion. The previous high was in May at $100.1 billion.
Commerce Secretary Gina Raimondo was asked to impose anti-dumping and countervailing duties (AD/CVD) on Southeast Asian solar companies in a letter from the United Steelworkers Union (USW) on Aug. 27.
If anyone needed yet another example of the importance of China miners and processing companies, Beijing said it would put restrictions on exports of antimony and processing equipment used in batteries and as an alloy to increase a metal’s strength.
Hofusan is one of the most well known investments of Chinese capital looking not only to sell to Mexican consumers, but – more obviously – to export everything from furniture to washing machines duty free to the United States.
Little has been said about what a Kamala Harris trade agenda would look like should she win in November, but new clues have emerged, and it seems fairly certain she would keep with the current trajectory of the Biden administration.
