CPA Opinion: Revitalizing the American System
We need to protect our industrial base, invest in infrastructure, and sell more in our wealthy home market. A twenty-first-century version of the American System isn’t just desirable—it’s essential.
Drug Shortages Increase Odds Of Patient Death; More Than Half of Drugs In Short Supply For Over 12 Months.
Drug shortages are becoming commonplace in the U.S. Data from a new pharmaceutical industry tracking firm, Qyobo, shows hundreds of drugs are still in short supply – some well over a year — and our dependence on imports grows, including from labs on the receiving end of lackluster FDA inspections.
Homeland’s Mayorkas Criticizes De Minimis, Says It Comes With Risks
The de minimis customs provision that allows for goods priced under $800 to come into the U.S. duty free is full of risks, and an open door for “controlled substances and all sorts of contraband,” Homeland Security secretary Alejandro Mayorkas said on Tuesday.
Treasury Official Highlights Serious Problem: China Overproduces And Floods Global Markets With Products
China makes too many things. It would be great if they made it for their home market, but they do not. Instead, they massively subsidize their manufacturing companies and overproduce for the world – their main market being the United States.
China’s Auto Sector Is Moving to Mexico; 12 New Manufacturing Plants Set Up Since 2019
The United States-Mexico-Canada (USMCA) Free Trade Agreement is fast becoming a free trade agreement for the world, whereas any multinational with a presence in Mexico can set up shop and make the U.S. its number one target. China is doing that now.
Trade Deficit Rises 0.8% to $75 Billion In May; Goods Deficit Jan-May Beats Same Time Last Year at $477.15 Billion
The goods and services deficit for May rose a tad to $75 billion, up 0.8% from the previous month.
China’s Domestic Content Rules Expands To Foment Faster Growth In Chips Sector
Domestic content rules and mandates have worked for China. Should the U.S. try to copy it, in spots, along key supply chains like new energy and semiconductors?
How the ‘Experts’ Got Tariffs So Wrong—and Trump Got It Right
Trump has a new idea about the economy. The usual suspects hate it. On June 13, Trump said he’d consider a 10 percent tariff on imports and use the revenue to reduce some income taxes.
American Drone Maker Tells House CCP Committee Tariffs Necessary
The CEO of American drone maker Skydio told the House Select Committee on the Chinese Communist Party in a hearing last week (June 26) that tariffs were a much-needed tool if the U.S. wants any semblance of a domestic drone industry.
CPA’s Jeff Ferry: An Economist’s Wish List On The Trump/Biden Debate
When asked about China, both Trump and Biden should say that China’s trade surplus is an insult to the world and a huge disruptor to our economy.