The June deficit fell for the second month in a row, but that doesn’t mean the U.S. is not on track for another trillion-dollar trade gap with the world. China remains largest single source of the trade deficit.
Industry Data Shows Mexico Deliberately Pricing 25% less than U.S. Products WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement calling on the Biden administration to address Mexico’s blatant and continuing breach of a 2019 joint agreement to lift steel tariffs in return for Mexico avoiding a surge of steel…
The House Select Committee on the CCP held a debate this week with opposing teams arguing for ways to restrict outbound investment to China, including going after Silicon Valley venture capital firms.
Tariffs — and China risks — have helped U.S. reshore and led to more investments in production, shifting the decades old focus away from offshoring.
WASHINGTON – The Coalition for a Prosperous America (CPA) today released a statement on final determination of evasion of antidumping and countervailing duties against a Chinese importer. The US Customs Agency, through the U.S. Customs and Border Protection (“Customs”), issued a final affirmative determination under the Enforce and Protect Act (“EAPA”) that the U.S. importer…
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.
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.
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 and 2022, China imports were up very slightly, and still below their 2018 peak. As a result, China fell from 21.6% of U.S. imports in 2017 to just 16.5% in…
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.
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”? Sleepy terms that convey a classic “nothing-burger”. But that’s never been the case with trade agreements. This agreement, ostensibly for Taiwan, sets out expectations for how the U.S. and Taiwan…
