U.S. Textile Industry Faced With Flooded Asian Goods, Ask Senate For Help
Yarns and fabrics from Asia are finding their way into the U.S. through a free trade deal that’s not meant for them. Kim Glas of NCTO discusses the impacts.
Trade Deficit Falls 9.9% As Economy Slows. Meanwhile, EU Trade Gap Beats Mexico
The deficit fell in August thanks to US crude oil exports and autoparts shipments to Mexico, for example. But overall, the goods deficit rages on and will break $1.03 trillion this year.
DC Rumor Mill: A Possible US-UK Free Trade Deal?
Rumor has it the White House is dusting off an old Trump-era idea to do a free trade deal with the UK. Ex-USTR Lighthizer says they found no benefit in one. CPA obviously agrees. Here’s why.
CPA Submits Written Testimony To USTR About Trade Deals
The USTR wants a worker-centered trade policy. The Coalition for a Prosperous America gave them some ideas.
Currency Misalignment Monitor, October 2023
The October Currency Misalignment Monitor shows that dollar overvaluation rose yet again last month, reaching 15.8% against the basket of 33 other currencies included in our model.
Sens. Manchin, Barrasso Sound Alarm On IRA Failings Related To EVs, Natural Resources
The leaders of the Senate Energy and Natural Resources Committee grilled a government official on the EV batteries supply chain. From copper to EV battery minerals, the U.S. is way behind.
Is Foreign Ownership of U.S. Farmland & Agribusiness Becoming A Problem?
The Senate Agriculture Committee discusses foreign ownership and corporate concentration in America’s food supply. It’s getting worse, everyone agrees. Now what?
Washington Likely Reason For Ford’s Pause On CATL EV Battery Factory
China EV battery makers are the world’s largest. The U.S. has none. So China is getting new contracts to build EV plants, thanks to Inflation Reduction Act. Some in Washington do not want IRA benefits going to China.
If Companies Are Leaving China, Where Are They Going, And Why?
Dan Harris, international lawyer at Harris Bricken and founding author of the China Law Blog talks about companies leaving China. Are any coming here?
Removing China’s MFN Status Would Create 2 Million Jobs, Grow U.S. Economy by 1.75%
Key Points We find that further decoupling from China would grow the U.S. economy and result in higher incomes and more jobs for Americans and
