Trade Deficit Takes Huge 19.2% Leap In September; Automotive and Semiconductor Deficit Bigger Than Sept. 2023

Trade Deficit Takes Huge 19.2% Leap In September; Automotive and Semiconductor Deficit Bigger Than Sept. 2023

The U.S. goods and services deficit took a surprising 19.3% leap to $84.4 billion in September, with exports falling by 1.2% and imports rising by 3%, the Bureau of Economic Analysis reported on Tuesday.

USITC Ruling Against Domestic Aluminum Industry Highlights the Failure of Case-by-Case Trade Enforcement: A Call for Broader Trade Protections

USITC Ruling Against Domestic Aluminum Industry Highlights the Failure of Case-by-Case Trade Enforcement: A Call for Broader Trade Protections

USITC’s ruling against the domestic aluminum industry and its workers exposes the futility of relying solely on hyper-specific AD/CVD cases to address today’s rampant trade abuses.

De minimis, a customs rule that allows for duty free shipment and minimal inspection if the overseas vendor claims the value is under $800, is a haven for contraband, whether it’s fake Nikes, childrens’ toys made of lead, or banned food products, Customs and Border Protect (CBP) admitted yet again.

Customs Admits Yet Again That De Minimis is Loaded with Fake Goods, and Banned Goods

De minimis, a customs rule that allows for duty free shipment and minimal inspection if the overseas vendor claims the value is under $800, is a haven for contraband, whether it’s fake Nikes, childrens’ toys made of lead, or banned food products, Customs and Border Protect (CBP) admitted yet again.

Keynes’ Case for Tariffs

Keynes’ Support for Broad Tariffs

Keynes believed that free trade could exacerbate domestic unemployment and economic imbalances and argues for the use of tariffs and trade protections to safeguard national industries, preserve employment, and promote the balance of trade.

Quotas Can Work Better Than Tariffs to Reshore Production

Quotas Can Work Better Than Tariffs to Reshore Production

Tariffs are becoming widely accepted by U.S. politicians and policymakers as an important tool for maintaining and rebuilding our industrial economy. But quotas, a related tool, can sometimes work better to restrain imports and encourage growth in domestic production, investment and jobs.

Trump Tells Detroit Economic Club “Mexico is Becoming a Second China”

Trump Tells Detroit Economic Club “Mexico is Becoming a Second China”

Trump spoke for nearly two hours in his usual off the cuff speaking engagement at the Detroit Economic Club in Michigan recently. The automotive industry was a priority topic, with the presidential candidate saying Washington has to incentivize American auto makers.

Why This American Steel Products Giant is Suing the Mexican Government

Why This American Steel Products Giant is Suing the Mexican Government

Two years of plant closures have led steel pipe maker Zekelman Industries to take matters into its own hands. The company announced on Oct. 21 that it filed a lawsuit against the Mexican government for breaching a 2019 joint steel trade agreement with the United States.