In a recent speech at the New York Economic Club, and again during Tuesday’s debate against Kamala Harris, Donald Trump revived one of his signature policy proposals: tariffs as a powerful tool to revive American industry, protect jobs, and generate revenue for the federal government.
The Tax Foundation bills itself as the “world’s leading nonpartisan tax policy nonprofit”, but they do not understand the basic concepts of how tariffs work — or even what they are.
“The Biden administration’s refusal to enforce the 2019 steel agreement agreed to, and then breached by, Mexico has led directly to this devastating plant closure,” said CPA CEO Michael Stumo.
By leaving out bills that would prevent Chinese companies from accessing Inflation Reduction Act tax credits, restrict U.S. capital from flowing into China, and close the de minimis loophole, the House is missing a critical opportunity for meaningful action.
Trump said he wanted the U.S. “to be the manufacturing superpower in the world. We can do that intelligently with trade policy that uses tariffs that encourages production here. We deserve it.”
The U.S. goods and services trade deficit rose 7.9% for the month of July, but the goods deficit alone hit a record for the year – $103.13 billion. The previous high was in May at $100.1 billion.
Commerce Secretary Gina Raimondo was asked to impose anti-dumping and countervailing duties (AD/CVD) on Southeast Asian solar companies in a letter from the United Steelworkers Union (USW) on Aug. 27.
Deployments of solar power facilities in the U.S. by utilities, commercial customers,
and residential customers have risen substantially in recent years due to
technological progress, lower costs, and various tax incentives and credits from the
U.S. government.
This bipartisan legislation aims to combat international trade crimes by directing the Department of Justice (DOJ) to establish a new trade crime unit within the Criminal Division dedicated to prosecuting international trade crimes.
If anyone needed yet another example of the importance of China miners and processing companies, Beijing said it would put restrictions on exports of antimony and processing equipment used in batteries and as an alloy to increase a metal’s strength.
