Reindustrialization might cause some above-target inflation. Deindustrialization, meanwhile, might take countries out of the running of the industries of today, and the future, too, said former European Central Bank president Mario Draghi.
To craft a pro-America trade and economic agenda, Harris should pledge to increase overall tariffs, use tax credits more broadly to grow critical production, and ignore Wall Street’s call to return to the failed trade policies of the past.
Harley-Davidson announced it is moving production of its Pan America, Sportster, and Nightster bike models from the U.S. to Thailand. Harley’s growing Thailand production is directly incentivized by 60% Thai motorcycle tariffs and corporate tax breaks.
Today, the Biden-Harris Administration published an announcement of regulatory changes it intends to pursue vis-a-vis the de minimis loophole.
We commend the Biden administration for taking initial steps towards closing the de minimis loophole, which China and transnational criminal organizations have weaponized against America.
For years, the Solar Energy Industries Association (SEIA) has served as a de facto mouthpiece for Chinese solar manufacturers, consistently pushing policies that benefit China’s dominance in the solar industry at the expense of American manufacturers.
Tariffs must be part of the toolkit to manage the influx of products from Chinese tech companies, whether from e-commerce platforms like Temu or from a growing number of low-cost microchip manufacturers set to flood the global market with semiconductors.
In a recent speech at the New York Economic Club, and again during Tuesday’s debate against Kamala Harris, Donald Trump revived one of his signature policy proposals: tariffs as a powerful tool to revive American industry, protect jobs, and generate revenue for the federal government.
“The Biden administration’s refusal to enforce the 2019 steel agreement agreed to, and then breached by, Mexico has led directly to this devastating plant closure,” said CPA CEO Michael Stumo.
Trump said he wanted the U.S. “to be the manufacturing superpower in the world. We can do that intelligently with trade policy that uses tariffs that encourages production here. We deserve it.”
