Washington’s $70 Billion in Lost Protection: Liberation Day, One Year Later
One year after Liberation Day, the most aggressive tariff escalation since 2018, the United States collected just half of what its own policy prescribes.
China’s Rise As No. 2 Economic Power Has Created Worldwide Industrial Subsidies Trend
Subsidies across 15 key industrial sectors have reached their highest levels relative to revenue since the 2008-2009 global financial crisis, according to an OECD study published June 1.
Texas is Rolling Out the Welcome Mat for China’s Copper Takeover
China is quietly making a move on one of America’s most critical industrial materials — copper. Texas is helping them do it.
CPA Applauds Expanded Pentagon List of Chinese Military Companies
CPA welcomed the U.S. Department of War expanding its Section 1260H list of Chinese military companies and praised recent efforts by lawmakers, including Senator Rick Scott (R-FL), to draw greater attention to the threat posed by China’s military-civil fusion strategy.
Trade Deficit Falls in April, Driven Largely by Persian Gulf Disruptions
The ongoing conflict in the Persian Gulf likely led to a slight 1.2% decline in the overall goods and services deficit in April, coming in at $55.9 billion, based on Bureau of Economic Analysis (BEA) data released on Tuesday.
Government Seeks To Enlist Small Business Involved In Critical Supply Chains
The government increasingly sees critical minerals, battery materials and components, and refining as strategic industrial assets rather than low value goods often burdened by environmental regulations.
CPA Applauds Executive Order Strengthening Customs Enforcement, Cracking Down on Non-Resident Importers and Weak Bonding
For too long, foreign actors with no real U.S. presence have been able to import into the American market while shielding themselves from the duties, penalties, and laws that domestic producers and legitimate U.S. importers must obey. The order takes aim squarely at that imbalance.
Mike Froman Is Wrong Again: Manufacturing Jobs Are Among America’s Best Jobs
While hosting Ambassador Greer, the former USTR manipulated pay data to claim that services jobs had overtaken manufacturing.
EU Moves To Protect Antibiotics From Asian Dominance; Aligning More With U.S.
Lawmakers from member states of the European Union agreed to measures last week to stop drug shortages and fix chronic Asian dependencies for critical medicines, this time spurred by worries over the antibiotics supply chain.
Senate Small Business Hearing Suggests Some Tariff Wariness
A Senate Committee on Small Business and Entrepreneurship hearing held last week had only one manufacturer serving as a witness. He liked the tariffs because they stopped the bloodletting of cheaper imitations from China. However, he told the Senate that changes could be made to existing tariff policy to help lower costs as commodity and other input prices are rising fast.
