The United States government has pursued trade liberalization for several decades. A substantial driver of this liberalization has been the assumption that more global trade would help developing countries become wealthier. However, there is considerable research that shows how trade liberalization policies have not always been the best tool to help support economic growth and…
Inside the U.S. Innovation and Competition Act sits the unsightly Trade Act of 2021. It is everything that is wrong with an otherwise good bill designed to tackle China.
One of the more problematic aspects of the new Senate bill called the U.S. Innovation and Competition Act is that it puts a massive dent in Section 301 tariffs, aka the China Trade War tariffs. Now industry groups want more tariffs cut.
Greg Owens \ Co-Founder and CEO; Sherrill Manufacturing Inc./Liberty Tabletop For many of us the last 12 months have been difficult if not tragic on a personal level and at work. In the true spirit of our country, Americans rallied and have gotten through perhaps the most difficult experience we have ever lived through. Now that we are…
The Senate bill designed to help America outwit, outlast and outplay China passed mostly along party lines. Here is what we liked about what’s inside. And where we hope the House will do some rewrites on trade matters.
The trade deficit fell in April as imports from China shrank by $6 billion. That likely won’t be enough to break the $1 trillion goods deficit barrier in 2021.
James Stuber \ June 6, 2021 \ The Gazette One significant result of the COVID-19 pandemic is that U.S. consumers have become more interested in buying American-made products. Recent polling shows that 40% of consumers will no longer buy anything made in China. This is good news for America’s manufacturers because the poll also found…
Greg Owens \ June 7, 2021 \ Industry Week The COOL bill would mandate prominent disclosure of where a product is produced, for all online retailers. Amazon has been in the news of late due to concerns over its workplace conditions. But Americans now have another reason to be apprehensive about Amazon and other e-commerce…
WASHINGTON — The Coalition for a Prosperous America (CPA) released a statement after the Finance Ministers and Central Bank Governors of the G7 economies announced that they support the Organization for Economic Cooperation and Development’s (OECD) efforts “to address the tax challenges arising from globalisation and the digitalisation of the economy and to adopt a…
Big mutual funds run by Vanguard and ETFs run by State Street and BlackRock will have to divest from some China stocks within a year.
