World Trade Organization In “Serious Trouble” Ahead of UAE Meeting; Might Not Be Salvageable
The World Trade Organization (WTO) may be on its last legs heading into its 13th Ministerial meeting in Abu Dhabi later this month.
Solar Tariffs Were Supposed to Ruin the Solar Business. They Didn’t, ITC Concludes.
Section 201 solar safeguard tariffs were supposed to ruin the solar business and completely stall deployment of solar on rooftops and vacant fields controlled by electric utility companies. But according to a U.S. government report, they did nothing of the sort.
House Ways & Means Discusses Solutions To Drug Shortages, Foreign Lab Dependence
According to expert testimony given by the witnesses, the crisis is being fueled by poor manufacturing practices that have led to recalls by foreign drug manufacturers, and the race to the bottom on generic drug prices that make it impossible for American generic drug makers to compete with subsidized competitors in India and China.
Annual Goods Trade Deficit Has Fallen, But Still Beats $1 Trillion. China Deficit Shrinks By Billions.
The annual trade deficit has fallen. Yet for 2023, our trade deficit of $773 billion was once again the world’s largest. Our goods deficit, at $1.06 trillion, exceeded a trillion dollars for the third year in a row.
New CPA Report: Aurobindo, Largest Generic Drug Provider to U.S. Market, has Substantial Ties to Sanctioned CCP Companies
CPA’s report exposes that “Aurobindo does business with at least four suppliers that have ties to organizations under US sanctions for their connections to China’s military industry.”
CPA Applauds Letter from Senators Ossoff, Brown, Rubio, Rev. Warnock Calling for Increased Tariffs on Imported Chinese Solar Products
The Senators argued China’s heavily subsidized products are hurting U.S. efforts to reshore domestic solar manufacturing — a key energy security goal.
Study Finds Over 90% of all Generic Drugs Dependent on Imports
The Active Pharmaceutical Ingredient Innovation Center (APIIC), a consortium of biotechnology industry, policy and academic leaders, said in a whitepaper released to the media on Jan. 24, that reshoring the manufacture of essential, life-saving pharmaceuticals was urgently needed.
Homeland Security Faces Daunting Task in Policing Duty Free Entry of Foreign Textiles and Apparel
Homeland Security and U.S. Customs face a daunting task in policing the millions of packages full of textile fabrics and apparel that come into the country duty free. They know it. What can be done about it, is the question.
House China Committee Leaders Urge DHS to Strengthen UFLPA Enforcement
The Biden administration must take swift action to close this loophole, it should issue nationwide withhold release order on all Chinese textiles, and Congress should pass legislation immediately.
WSJ Continues to Cry About Tariffs. Here’s Where They Are Wrong.
The Wall Street Journal has started 2024 bemoaning tariffs. They are for losers, the WSJ Inside View columnist Andy Kessler wrote in December, ending 2023 with a taste of what is expected to come this year, an election year.