Gas, Eggs, and Airline Tickets Rose Over 30% During Inflation Spike. Tariffs Had Nothing To Do With It.
Energy prices, food prices, and price spikes due to shortages were the dominant drivers of inflation.
Sorry, Democrats (and Free Trade Republicans): Trump’s Tariffs Worked
Tariffs that began in 2018 have not destroyed the U.S. economy. The stock market did not crash. Tariffs weren’t the cause of inflation either. And many manufacturing industries from kitchen cabinets in Alabama to solar in Ohio are thriving because of them.
Tariffs, Quotas, or Both? A Q&A on Remedies to Overproduction and Imbalanced Trade
How can U.S. industry, small and large, compete against countries with much weaker currencies, lower labor and environmental regulatory costs, and the overproduction and dumping that come from Asia?
Mexico Is Growing as New China Hub; 2024 Exports Already Breaking Records
Mexico is fast becoming a new hub for China offshore investment and exports.
Senator Sherrod Brown Questions Wisdom Of IRA Tax Credits For China Solar Giants In Hearing
“Our tax code is supposed to support American manufacturers in building out genuine domestic supply chains. It shouldn’t be exploited by the Chinese Communist Party,” said Brown.
Did the General Services Administration Break “Buy American” Laws In Purchase Of Owl Labs Video Cameras Made in China?
Owl Labs of Massachusetts may look like an American company, but other than the U.S.-based venture capital that funds it, and the intellectual property behind it, their 360-degree video cameras are made in China.
Why the Nippon Steel Deal Has Steel Workers in a Panic
The Nippon Steel proposed acquisition of U.S. Steel has the United Steelworkers Union (USW) worried that, eventually, integrated steel mills will be closed in favor of imports from Japan.
US Steel’s Potential New Buyer Riddled With Decades Long Anti-Dumping Charges
Go to U.S. Steel’s website and it looks like a done deal: Nippon Steel, the fourth largest steel producer in the world, is already the assumed new owner of America’s oldest, most storied steel company, formed in 1901 when J.P. Morgan financed the merger of three steel companies.
Year Begins With 5.4% Rise In Trade Deficit to $67 Billion
January 2024 posted a 5.4% gain in the monthly goods and services deficit, rising to $67.4 billion, the Bureau of Economic Analysis reported today.
What China’s ‘Return to Manufacturing’ Policy Means
Wolfe told the Commissioners on Monday that he doubts countries will be able to tolerate the deluge of China exports, adding that he sees no end in sight to this onslaught for the time being.
