The Year in Trade 2020

By Steven L. Byers, PhD, and Jeff Ferry Last year the US registered its largest trade deficit in 12 years and its largest-ever deficit in goods trade. In this article, we review the main trends in US international trade in 2020. The US trade deficit continued to deteriorate in 2020 as it rose to a 12-year…

Peter Navarro: Only Economic Nationalism Will Win the Day Against China

By Kenneth Rapoza, CPA Industry Analyst Peter Navarro spoke with the Hudson Institute’s Michael Pillsbury and said economic nationalism is the only way to protect American manufacturing from China. He’s also listed what he calls China’s “Seven Deadly Sins”. White House Trade and Manufacturing Policy director Peter Navarro had a lot of choice words on…

Aluminum Tariffs Re-Imposed After Canada Breaches USMCA Commitment

By Jeff Ferry, CPA Chief Economist Last week the Trump administration re-imposed aluminum tariffs on imports of Canadian aluminum to stem the Canadian surge which violated Ottawa’s USMCA promise to avoid increased imports. According to the August 6th presidential proclamation, “Imports of non-alloyed unwrought aluminum from Canada during June 2019 through May 2020 increased 87 percent…