Trump Tells Davos: Prepare for Tariffs, “Golden Age”
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.
CPA Urges President Trump to Reinstate Steel and Aluminum Tariffs on Mexico to Protect American Industry
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.
China-based Trina Solar’s Market Access to U.S. Faces Increasing Hurdles
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.
CPA Releases Landmark Report on U.S. Solar Supply Chain: A Call for Bold Action to Counter China’s Market Dominance
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.
At Scott Bessent Treasury Hearing: A Battle over Tax Cut Extensions and Questions About Tariffs
Treasury Secretary nominee Scott Bessent faced a divided Senate Finance Committee on Thursday for another Trump nomination hearing this week. To his credit, Bessent demonstrated a masterful view of the macroeconomics around tariffs, trade, and currency.
Marco Rubio a Shoo-in for Secretary of State; Talks Trade as Key Component of China Strategy
Sen. Marco Rubio (R-FL) will be confirmed as Secretary of State. He had very little pushback in his confirmation hearing among his colleagues on the Senate Foreign Relations Committee.
Senate Finance Committee Priorities: Renew Tax Cuts Expiring This Year, Open Markets for Agriculture Exports
Senator Michael Crapo (R-ID) is already setting his agenda: renewing the Tax Cuts and Jobs Act (TCJA), expiring this year, and new trade deals that open agriculture markets to U.S. exports.
CPA Slams Biden Administration for Making Flawed De Minimis Pilot Programs Permanent
These programs, which allow foreign e-commerce vendors to bypass U.S. customs processes, will continue to ensure that the de minimis loophole remains a flawed system that undermines American workers, businesses, and national security.
Trade Deficit Jumps 7.6% in November. Goods Trade Gap Now $1.08 Trillion, Beating 2023 Levels
The goods and services trade deficit rose 7.6% in November to $78.2 billion, a big leap from previous months when the deficit was trailing under the three month moving average, based on Bureau of Economic Analysis data released this week.
Surging Imports and Policy Failures Force U.S. Steel Plant to Halt Production of Key Product
Nucor Corporation has announced it will halt production at its wire rod rolling mill in Connecticut, citing challenging market conditions created by a flood of low-priced imports from Canada, Greece, Mexico, Poland, and Ukraine.
