Tariffs Good, ‘De Minimis’ Bad, in Latest House Ways & Means Hearing on Trade
House Committee hears from witnesses who call for better trade enforcement, and keeping tariffs. Meanwhile, de minimis trade rule in the crosshairs again.
Economic Conference Asks “What Would (Alexander) Hamilton Do?”
Alexander Hamilton advocated for trade tariffs and strong IP protections to build the U.S. economy and protect it from more powerful, or more devious adversaries. A debate in DC over whether we are heading towards Hamiltonian economics.
U.S. Trade Deficit Falls 9% in March to $64.2 Billion; Goods Deficit at $269.8 Billion on Year
Monthly trade figures show a slowing economy. Deep dives show goods gap likely to shrink. And in advanced tech, only aerospace has a trade surplus.
Post PNTR: 3.8 million Jobs Lost Due to China
Key Points The trade deficit with China has cost the U.S. 3.82 million jobs since 2001. Three-quarters of the job loss is concentrated in manufacturing, a total of 2.89 million manufacturing jobs lost. Job loss has been most concentrated in tradeable sectors. This has led to a decline of high paying jobs. The state-by-state analysis…
National Security Advisor Jake Sullivan: U.S. Needs New Trade, Economic Consensus
But rebuttal to Sullivan’s Brookings Institution speech shows a group of DC influencers are less inclined to support local manufacturing out of concerns about allied relations, more.
How a Department of Energy Loan Officer Helps Chinese Solar Companies
Jigar Shah, Director of the Loans Program Office at the DoE, is in charge of billions of dollars in new renewable energy loans. He once advocated for China solar power.
Currency Misalignment Monitor, May 2023
The U.S. is the most overvalued among major currencies.
Solar Industry’s Employment Estimates Are Out of This World
The Solar Energy Industry Association has claimed that 30,000 jobs could be lost if tariffs are reinstated on solar panels coming in from Chinese companies based in Southeast Asia. This claim is wholly fictitious, based on inflated job numbers and a purely hypothetical analysis of the sort that has been disproved by the facts again…
House Ways & Means Chairman Cites CPA Study on China’s Inflation Reduction Act Benefits
What is President Biden’s solar emergency declaration? And why is it being opposed by both parties?
In Latest House Ways & Means Trade Hearing, the Hardships of China ‘Decoupling’
The trade deficit is financing China’s rise, some members of the House Ways & Means Subcommittee on Trade say. What’s at stake? Is it fixable?