U.S. De Minimis China Imports Hit $188 Billion Last Year
De minimis China imports increases the 2022 U.S. goods trade deficit by 16% to $1.38 trillion, representing some 8.3 million lost U.S. jobs.
Biden’s China Bans: Are Export Restrictions Working?
A House Foreign Affairs Subcommittee hears from witnesses about how to curtail exports of critical technologies to China. Some say there are too many lists.
House Committee Holds Hearing on Drug Shortages
The U.S. is increasingly reliant on imported drugs from uninspected labs. It’s not safe. What can be done about it?
Is ‘Reshoring’ Happening? New Reports, CPA Index Tries to Measure the Evidence
A look at recent studies on whether companies are sourcing manufactured goods from outside of China (they are), and if any of it that manufacturing is coming home since tariffs were imposed in 2018.
Rep. Posey Warns of China Taking Lead in ISO Standardization
What are international standards organizations and what happens if China becomes the standard setter on things like artificial intelligence, and information technology and communications.
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,
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.
