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U.S. Beats Trade Deficit Record, Ends 2022 With $1.19 Trillion Goods Gap
February 7, 2023 by Kenneth Rapoza

Author Archives: Kenneth Rapoza

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U.S. Beats Trade Deficit Record, Ends 2022 With $1.19 Trillion Goods Gap

Archive, commentary, Commentary Featured, CPA News, Featured Home Page, NewsroomBy Kenneth RapozaFebruary 7, 2023Leave a comment

The latest trade figures show historic deficits with Mexico, Canada and Vietnam. Meanwhile, the 2022 deficit with China and the EU is the second largest of all time.

Is the U.S. Still Financing China’s Military Might?

Archive, China, commentary, Commentary Featured, Featured Home Page, Issues, NewsroomBy Kenneth RapozaFebruary 1, 2023Leave a comment

Yes, in many ways the U.S. is funding China’s defense sector through venture capital, portfolio investments, and computer hardware sales to companies on the Entity List.

CPA Trade Counsel Promotes Tariffs With Capitol Hill Staff

Archive, CPA News, Featured Home Page, Newsroom, Trade and TariffsBy Kenneth RapozaJanuary 31, 2023Leave a comment

On January 31, CPA trade counsel Charles Benoit gives a masters class on the history of trade tariffs, and how they were used to build the U.S. economy.

Pharmaceuticals Are Heavily Outsourced. Can the U.S. Make More of it Here?

Archive, commentary, Commentary Featured, Featured Home Page, Healthcare, Issues, NewsroomBy Kenneth RapozaJanuary 30, 2023Leave a comment

The U.S. is increasingly dependent on imports for drugs. One reason: a tax avoidance scheme that pits U.S. manufacturing up against Europe. What can be done about this problem?

European Pharma Considers Reshoring from India, China. Where’s the US?

Archive, commentary, Commentary Featured, Featured Home Page, Healthcare, Issues, NewsroomBy Kenneth RapozaJanuary 23, 2023Leave a comment

The Covid-19 pandemic gave big pharma big payday. But it also caused the industry to rethink a globalized supply chain centered on Asia. What will it take to reshore at least some generic drugs to the U.S.

Supply Chain Dependence Makes Reshoring Harder – McKinsey

Archive, commentary, Commentary Featured, Featured Home Page, Issues, Manufacturing, Newsroom, Supply ChainBy Kenneth RapozaJanuary 13, 2023Leave a comment

Can the U.S. really bring manufacturing home? A McKinsey study shows that existing concentration of some supply chains will make it hard. Here’s what needs to be done.

China’s JA Solar Sets Up Shop In Arizona as Year-Old Forced Labor Law Targets Its Supply Chain Back Home

Archive, CPA News, Featured Home Page, Issues, Newsroom, Renewable EnergyBy Kenneth RapozaJanuary 11, 2023Leave a comment

Arizona gets $60 million solar plant. But the owner is China’s JA Solar, a company that will be in the cross hairs of forced labor laws.

Canadian Solar Panels In Maine Accused of Using China Forced Labor

Archive, CPA News, Featured Home Page, Issues, Newsroom, Renewable EnergyBy Kenneth RapozaJanuary 10, 2023Leave a comment

Canadian Solar is mostly Chinese-run and produced. Its solar panels in a Maine government project may be tainted by forced labor.

Department of Energy Official Calls For More U.S.-Based Solar Equipment Production

Archive, CPA News, Featured Home Page, Issues, Newsroom, Renewable EnergyBy Kenneth RapozaJanuary 9, 2023Leave a comment

A Department of Energy official warns that China’s outsized role in the solar industry is a headwind for Biden’s green energy plans, and energy security.

November Trade Deficit Falls 21% to $61.5 Billion, But $1 Trillion-Plus Deficit Record Beat

Archive, CPA News, Featured Home Page, Issues, Newsroom, Trade and TariffsBy Kenneth RapozaJanuary 5, 2023Leave a comment

The November trade deficit fell, but that didn’t stop the U.S. from record imports this year. The goods deficit is now over $1.1 trillion.

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