It is now time for the Senate to act swiftly and ensure that this bill becomes law, empowering the DOJ to effectively prosecute international trade crimes and protect American industry.
CPA looks forward to working with Jamieson Greer to advance a robust trade agenda that prioritizes domestic production, holds trade violators accountable, and strengthens America’s industrial base.
For Mr. Lutnick to lead the tariff and trade agenda in the next Administration, he will need an aligned Treasury Secretary to executive critical policies on customs revenue generation, customs valuation, and de minimis.
Either we have a fashion industry or we have de minimis, but we cannot have both, warned Jacob Helberg, one of the 10 commissioners for the U.S. China Economic and Security Review Commission.
The next GOP leader must be 100% pro-tariff and aligned with the Trump administration’s agenda to use tariffs and industrial policy to create jobs, increase domestic production, and build broadly-shared economic growth that fuels America’s Golden Age.
CPA will be working closely with President-Elect Trump’s team to craft policies that will make a lasting impact on U.S. trade and industrial policy.
The U.S. goods and services deficit took a surprising 19.3% leap to $84.4 billion in September, with exports falling by 1.2% and imports rising by 3%, the Bureau of Economic Analysis reported on Tuesday.
De minimis, a customs rule that allows for duty free shipment and minimal inspection if the overseas vendor claims the value is under $800, is a haven for contraband, whether it’s fake Nikes, childrens’ toys made of lead, or banned food products, Customs and Border Protect (CBP) admitted yet again.
Keynes believed that free trade could exacerbate domestic unemployment and economic imbalances and argues for the use of tariffs and trade protections to safeguard national industries, preserve employment, and promote the balance of trade.
When George Washington was President, consensus existed that tariffs should be used for both (1) federal revenue purposes, and also (2) to protect domestic production. This consensus was embodied in the first sentence of the first U.S. Tariff Act, passed on July 4, 1789.
