Government Incentives for Niche Sectors of Economy Leads to “Manufacturing Boom”
The recent spending on manufacturing facilities is almost entirely due to two pieces of legislation. That won’t be enough for a real, manufacturing boom.
May Trade Deficit Falls 7.3% to $68.9 Billion; China Deficit Drops 20%
The U.S. trade deficit remains on par to crack $1 trillion again. Meanwhile, a soft decoupling from China can be seen in the latest trade data.
Section 301 Tariffs Reduced U.S. Dependence on China, Decoupling Has Begun
Key Points The Section 301 tariffs imposed in 2018 on Chinese imports reduced U.S. dependence on China. While U.S. imports surged by 39% between 2017
Lighthizer: Raise Tariffs on Everything Made in China
The China tariffs, enacted by Lighthizer under Trump, are under review later this year. Will they stay or will they go? Lighthizer thinks they should stay…with more tariffs added.
Taiwan Agreement Risks Treasury Rewriting Customs Law Globally
On June 1, 2023, the United States and Taiwan signed “the first agreement under the U.S.-Taiwan Initiative on 21st Century Trade.” “Initiative”? “21st Century Trade”?
Katherine Tai Says Globalization No Longer Sustainable
At National Press Club, Katherine Tai talks about supply chain issues, what ‘de-risking’ from China might look like, and how USTR thinks about it.
U.S. Trade Deficit Rises 23% in April; Goods Gap Breaks Record For Year
China as a source for American imports is on the wane thanks to tariffs, other business risks. But strong dollar keeps imports booming.
Written Testimony Before the House Ways & Means Subcommittee on Trade: Modernizing Customs Policies to Protect American Workers and Secure Supply Chains
The following written testimony was submitted by Michael Stumo, CEO of CPA, to the House Ways and Means Subcommittee on Trade for a hearing titled,
CPA Statement on House Vote to Override President Biden’s Veto of the Solar CRA
WASHINGTON — The Coalition for a Prosperous America (CPA) today applauded the U.S. House of Representatives for holding a vote to override President Joe Biden’s
More Tariffs Needed, Lighthizer Tells House Select Committee on China
In latest House Select Committee on China hearing, more tariffs, more Wall Street bans, and more tech restrictions are warranted.
