U.S. Trade Representative Katherine Tai said the proper use of tariffs as a trade tool is good for the middle class, especially those that work in the industrial sectors of the economy. No tariffs, on the other hand, may lower costs of goods sold.
Proposals for new tariffs face a lot of criticism these days, from the media, from economists, and from foreign policy types. Part of the reason is that it’s Donald Trump making the proposals and many in those groups don’t like Trump. But the fact is that tariffs can work to build our economy. They have worked before and they have worked recently as well.
The August trade figures came in surprisingly low on Tuesday, falling 10% to $70.4 billion, marking the lowest monthly goods and services gap since March ($67.9 billion), the Bureau of Economic Analysis said today.
Two hundred years ago, on March 30 and 31, 1824, Henry Clay, then Speaker of the U.S. House of Representatives, delivered arguably the most consequential economic speech in Congressional history.
The U.S. Department of Commerce yesterday made a significant preliminary determination in its investigation into solar imports from Vietnam, Cambodia, Malaysia, and Thailand, confirming illegal trade practices through foreign subsidies.
This decision represents a significant step toward protecting American solar manufacturers and the billions of dollars in U.S. investments at risk from China’s predatory and illegal trade practices.
Ford is the winner, though it might not be a prize worth winning in this case. The number one U.S. corporation with the most exposure – and therefore dependency – on China partners and supply is the historic Detroit auto maker.
The U.S. dollar remains at about the same worldwide valuation in our latest quarterly Misalignment Monitor, continuing to create a double-digit import incentive to the great disadvantage of domestic U.S. producers.
by Kenneth Rapoza for Newsweek Despite support for tariffs among American voters, many career Republican politicians still oppose this vital policy tool while they cling
Kamala Harris spoke for 45 minutes at the Economic Club of Pittsburgh on Wednesday where she spent some of that time talking about industrial strength, and how a weakened manufacturing base is bad for the country’s prosperity.
