Monthly Trade Deficit Tops $100 Billion for First Time in History
An overvalued dollar is helping to exacerbate the country’s largest-ever trade deficit in goods. The U.S. is on pace for $1.1 trillion deficit in 2022.
Janet Yellen Seems to be Rethinking Globalization, Too
Janet Yellen tells The Atlantic Council that the U.S. needs more resilient supply chains. But judging by her speech, reshoring was not part of the solution.
Senate GOP Backing China in Anti-China Bill
By Charles Benoit, CPA Trade Counsel An upcoming vote in Congress will be on par with the 2001 decision to grant China Permanent Normal Trade Relations. And Senate Finance Republicans are supporting it. They need to see the light.
At Latest ITC Hearing, Anti-Dumping and Trade Deals Holding Manufacturing Jobs Hostage
The International Trade Commission held its seventh roundtable discussion on the impacts of foreign trade on American workers and manufacturing. CPA Chairman Zach Mottl was one of the speakers.
The GATT at 75: Look on My Works, Ye Mighty, and Despair
Seventy-five years after the General Agreement on Tariffs and Trade that led to the WTO, how has it turned out for the U.S.?
These are China’s Two Lifelines to Russia So Far
Here’s all we know about how China is really helping Russia. And what will have to happen for Washington to impose sanctions.
Post-WWII Interdependence Has Led to Too Much Dependence
Hot wars, trade wars, and global pandemics all reveal how the U.S. economy has grown too dependent on foreign sources for key items needed for economic and national security.
Biden Touts Buy American. But Guess Where Your Public School’s Fish Sticks Come From?
Why are American public schools putting imported apple juice, Chinese peaches and Russia-sourced pollock on the menu?
The Anatomy of the China-Russia Axis Alliance
Should Washington move to sanction China for “aiding and abetting” Russia’s military operation in Ukraine? If more sanctions are imposed on anyone, Washington must make rebuilding supply chains domestically a core part of that policy to reindustrialize the U.S.
Congress Must Undo its Permanent Normal Trade Relations Votes for Russia, and China
Cuba and North Korea don’t receive our Normal Trade Relations; Russian exports should face the same tariffs as they do. By Charles Benoit, CPA Trade Counsel Less than 10 years ago, by votes of 92-4 in the U.S. Senate and 365-43 in the House, Congress voted to grant Russia ‘Permanent Normal Trade Relations’ (PNTR). We…