U.S. Trade Deficit With the World Breaks Record, Surpasses $1.2 Trillion
Thanks in no small part to a strong dollar, and the animal spirits of the U.S consumer and businesses, the United States goods trade deficit broke a record in 2024.
Thanks in no small part to a strong dollar, and the animal spirits of the U.S consumer and businesses, the United States goods trade deficit broke a record in 2024.
The tariff threats against America’s northern and southern neighbors were designed to exact concessions from these countries to help Trump address the flow of migrants and drugs across the border.
Valentine will bolster CPA’s advocacy efforts at the federal, state, and local levels, working to advance pro-American trade and economic policies that support domestic manufacturing, strengthen supply chains, and protect American workers.
CPA strongly supports the Trump administration’s expected announcement today imposing 25% universal tariffs on Mexico and Canada and 10% universal tariffs on China—a long-overdue step to rebalance trade, strengthen U.S. manufacturing, and restore American economic independence.
JA Solar is a member of the Solar Energy Industries Association (SEIA)—a solar importers lobby deeply connected to Chinese companies—that has been a consistent advocate for policies to benefit China solar imports.
Decades of free trade agreements have led to a record $39 billion agricultural trade deficit in 2024, undermining the broader U.S. agricultural industry.
President Donald Trump did a roughly one-hour video call with the World Economic Forum in Davos on Thursday, reminding those in attendance that he is serious about correcting trade imbalances.
In a letter delivered to the White House today, CPA urged the reinstatement of Section 232 tariffs on Mexico and outlined a series of measures to strengthen the U.S. steel and aluminum industries, which are being severely undermined by surging imports from Mexico and other nations.
The geopolitics of solar are impacting a number of top China solar companies. Trina Solar is the latest. Tariffs on solar made in their southeast Asian factories were increased this month for circumventing duties, and a $235 million investment into Texas was sold in late 2024.
The report highlights the critical state of the U.S. domestic solar manufacturing industry and lays out actionable policy recommendations to secure America’s abundant energy future through a diversified energy portfolio that includes a robust advanced solar manufacturing technology supply chain, while reducing dependence on Chinese imports.