The U.S. goods and services deficit fell 2.5% in June to $73.1 billion, but that was still the third highest monthly deficit number this year, according to the Bureau of Economic Analysis on Tuesday.
The de minimis problem is getting worse. Consider this article a “Summer 2024” update of how the de minimis catastrophe continues to escalate.
Transportation Secretary Pete Buttigieg has joined a chorus of Biden administration officials who all agree tariffs are needed to counter China’s mercantilism and export strategy.
During a Senate Foreign Relations Committee hearing on Tuesday, Sen. Marco Rubio (R-FL) asked the No. 2 at the State Department to consider trade policy when thinking about China.
This bipartisan legislation aims to combat international trade crimes by directing the Department of Justice (DOJ) to establish a new structure dedicated to prosecuting international trade crimes.
PVC pipe is critical for U.S. infrastructure, especially as electrical conduit in energy, data centers, and other high-tech sectors. U.S. PVC pipe imports are surging with 2024 import levels over twice as high as 2023 levels.
New economic analysis showing that a global 10% tariff on all U.S. imports would generate U.S. economic growth, increase real wages, increase employment, and raise additional revenue to lower taxes for lower- and middle-class Americans.
A 10% “universal” tariff on all U.S. imports, combined with a schedule of income tax cuts would generate economic growth of $728 billion and 2.8 million additional jobs, according to the CPA economic model of the U.S. economy.
Empirical Economics Letters has published an article documenting the economic model developed by CPA’s Economics Team for analyzing the impact of trade policy on the U.S. and other economies.
We need to protect our industrial base, invest in infrastructure, and sell more in our wealthy home market. A twenty-first-century version of the American System isn’t just desirable—it’s essential.
