September Trade Deficit Rises 11.6% As U.S. Heads For Record $1.1+ Trillion Goods Deficit
After a sharp six month decline, the trade deficit is back up and on track to break another record even as China imports stall.
Why Voluntarily Leaving China (or Being Forced to) Does Not Undermine Fiduciary Duty
Investment managers say they have a fiduciary responsibility to be in China. Here’s why they need to seriously rethink this.
U.S. Dependent on Foreign Sources for Nearly Every Critical Mineral
The U.S. is largely dependent on foreign sources for the critical minerals that will power a clean energy transition. The Inflation Act helps. But it’s going to take a while to be even moderately self-sufficient.
CBP Released False Government Statistics
Last week, U.S. Customs and Border Protection’s (CBP) Office of Trade released false government statistics. CBP’s Office of Trade stated that the total value of
U.S. Income Inequality Widened Further in 2021
The top 5% and top 20% of U.S. households have enjoyed most of the gains in U.S. GDP since 1970. Bottom 20% have seen almost no gains in 50 years.
Production Tax Credits Unleash Tidal Wave of Investment in Manufacturing
$22 Billion of Investment to Create 15,000 Jobs The manufacturing incentives tucked into the Inflation Reduction Act have unleashed a tidal wave of investment in
Why Congress Needs an Annual Review of U.S. Sanctions Policy
At a recent House Human Rights Commission hearing, the need for more oversight on sanctions to make sure they’re working. And how they could work better.
The Services Trade Surplus: Does it Matter?
Some argue that if the U.S. let the services industry grow through exports, it would lower our trillion-dollar trade gap with the world. CPA economist Jeff Ferry explains why that will never happen, and why it is better to increase manufacturing at home to lower the deficit.
US Rare Earths Industry Making Inroads Into China’s Global Dominance
America’s dependence on China for rare earth supplies is one of the most serious issues for the U.S. supply chain. Rare earths are critical minerals
August Trade Deficit Drops 4%, But China Trade Deficit Breaks 2018 Record
August trade figures reveal two things: a slowing economy, and a rising trade deficit with China as a strong dollar makes imports more attractive.
