Monthly Trade Deficit Tops $100 Billion for First Time in History
An overvalued dollar is helping to exacerbate the country’s largest-ever trade deficit in goods. The U.S. is on pace for $1.1 trillion deficit in 2022.
House Foreign Affairs Warns of Potential for Job Deserts in Climate Change Policy
A House Foreign Affairs Committee hearing warned against creating economic dead zones in rush to switch to renewables.
Semiconductor Manufacturing Becomes Problem for Defense Industry, Senate Armed Services Committee Says
The Senate Armed Services Committee heard testimony this week from defense industry experts warning about the declining domestic market share for microelectronics.
Janet Yellen Seems to be Rethinking Globalization, Too
Janet Yellen tells The Atlantic Council that the U.S. needs more resilient supply chains. But judging by her speech, reshoring was not part of the solution.
What if China Left the World Trade Organization?
The U.S. China Economic And Security Review Commission debated ways to better deal with China’s non-market economy in the WTO. Tariffs were part of the solution.
China Commission: ‘Overvalued Dollar’ is a Real U.S. Trade Problem
At a hearing by the U.S. China Economic and Security Review Commission, the Market Access Charge is brought up as a way to balance trade.
China Commission: PNTR Removal for China Won’t be So Easy
At a hearing by the U.S. China Economic and Security Review Commission, panelists agree that removing China from its Permanent Normal Trade Relations status with the U.S. is not (yet) in the cards.
Roddey Dowd of Charlotte Pipe and Foundry Wins CPA Industry Leader Award
A stalwart and a titan of American manufacturing, Roddey Dowd Jr., wins the Coalition for a Prosperous America’s Industry Leader Award.
Mike Pompeo Speaks at CPA; Recalls Beginning of China Trade War
Mike Pompeo, former Secretary of State under President Trump, was the keynote speaker at CPA’s annual meeting on April 5, 2022. Here is what he told the gathering.
Is a Strong Dollar Really all That Important?
Ex-World Banker John Hansen explains why a strong dollar might not be as good as the Washington-Wall Street consensus would have us think.
