One of the more problematic aspects of the new Senate bill called the U.S. Innovation and Competition Act is that it puts a massive dent in Section 301 tariffs, aka the China Trade War tariffs. Now industry groups want more tariffs cut.
The Senate bill designed to help America outwit, outlast and outplay China passed mostly along party lines. Here is what we liked about what’s inside. And where we hope the House will do some rewrites on trade matters.
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded the Senate passage of Senator Tammy Baldwin’s (D-WI) COOL Online Act, which would mandate that country-of-origin labeling (COOL) be clearly and conspicuously stated in any website description of a product. This would protect Americans’ right to know where the products they buy are made…
The trade deficit fell in April as imports from China shrank by $6 billion. That likely won’t be enough to break the $1 trillion goods deficit barrier in 2021.
James Stuber \ June 6, 2021 \ The Gazette One significant result of the COVID-19 pandemic is that U.S. consumers have become more interested in buying American-made products. Recent polling shows that 40% of consumers will no longer buy anything made in China. This is good news for America’s manufacturers because the poll also found…
Big mutual funds run by Vanguard and ETFs run by State Street and BlackRock will have to divest from some China stocks within a year.
The Center for American Progress just reminded Washington, and the Democrats, that protecting jobs is top of mind, not big trade deals.
Executive Summary The CPA Reshoring Index is the first and only measure of U.S. producers’ share of the U.S. domestic market for manufactured goods. It is calculated from federal government data on manufacturing production, imports, and exports. The Reshoring Index for 2020 shows that U.S. producers had a 69.6% share of the U.S. market with…
American textile companies geared up to make masks and hospital gear at the height of the pandemic. Now China is bombarding the US with products.
If you want to build an inclusive economy, it starts with building things. CPA’s new Minorities Job Quality Index reveals how far behind Blacks and Latinos are versus the baseline. The reason: too many service jobs, not enough manufacturing jobs.
