U.S. Trade Policy: Over Half a Century of Unreciprocated Tariff Cuts By Amanda Mayoral, CPA Economist Summary Points: The US held high tariff rates from 1816 until the middle of the 20th century The US then cut tariffs more than most countries, often unilaterally, without also requiring tariff reductions by others Today, the US has…
A new paper by the “China Shock” economists adds to the growing mountain of literature documenting the costs of free trade events to the U.S. economy over the past half century. Their new paper, On the Persistence of the China Shock, shows that increased unemployment, protracted withdrawal from the labor force, and other social ills…
The House Committee on Transportation and Infrastructure expects supply constraints to last into early 2022. Rep. John Garamendi of California highlights “tremendous trade imbalances” as one reason for the bottlenecks, caused by a surge in demand for Asian made goods.
A House Energy and Commerce Committee hearing on clean energy technologies shows division among the parties, with one main agreement: the U.S. will lose out on this market if Washington allows for dependence on Asia for solar, wind and EV battery materials.
The United States bike industry is in the midst of an unprecedented boom, triggered by the COVID pandemic. Bike sales rose sharply in the spring of 2020, as gyms, yoga studios and other exercise centers shut down and Americans sought outdoor activities like biking, a relatively safe form of exercise. In 2021, the sales surge…
The Senate Finance Committee’s confirmation hearing for two trade specialists appointed by Biden shows an obvious rift with the Executive Branch over recent China trade decisions.
The U.S. China Business Council sent a letter to Treasury and the US Trade Representative to reduce tariffs ahead of Biden-Xi chat.
Free trade loses out to a bigger government role in securing domestic supply chains of critical medication.
An eye-opening exclusive by the WSJ shows just how much time and energy is being spent by American companies and Silicon Valley venture capitalists investing in semiconductor production…in China. The U.S. needs the CHIPS Act passed this year.
In a House Financial Services Committee hearing on Thursday, Congress appears frustrated in stopping illicit supply chains, and worries about China’s growing resource dominance in high tech and clean tech supply chains.