Is The Government Finally Getting Tough on De Minimis Shipments from China? (No.)
The laws have not changed to make duty-free de minimis shipping any more difficult, but U.S. Customs and Border Protection (CBP) is starting to get proactive.
Monthly Trade Deficit Suddenly Rises 8.7%, Surpassing Three-Month Trend Line
The monthly goods and services trade deficit between the U.S. and the rest of the world has skyrocketed by a whopping 8.7% to $74.6 billion in April, putting the month well above the three month trend line.
Airbus: State-Owned Success Story and Proof Industrial Policy Can Work
Airbus is the greatest success of industrial policy in modern history. It is the world’s most successful commercial airplane manufacturer, with a global workforce of 121,000 people around the world.
The Case for More Aggressive Tariffs, Exchange Rates, and Monetary Policy
The next president should use every tool to rebuild America’s productivity, industrial base and middle class. And they should ignore the conventional economic textbook view that predicts calamity if those tools are used, especially because these predictions never come true.
USTR Katherine Tai Reiterates New Ideas On Trade In Financial Times Editorial
U.S. Trade Representative Katherine Tai took to the Financial Times this week to re-state her position, and President Biden’s, that from now on, global trade has to benefit the common good.
Attacks on Americas Act Reveals Opponents of WTO Tariff Reform Have No Solutions
CPA has championed the need for the United States to free itself from the Literally America Last shackles of WTO tariff commitments. Most are unaware
FDA Official Laments To Congress That Drug Recall Decisions Rely On Foreign Labs
When drugs are pulled from pharmacy shelves, it’s somewhat of a well-kept secret that it is the pharmaceutical company that voluntarily warns buyers of the potential harm from the defect.
Senate Finance’s Subcommittee on Trade Takes One-Sided Approach to De Minimis Import Rule
The U.S. Senate Finance Subcommittee for International Trade, Customs, and Global Competitiveness took a one-sided view on the de minimis exemption in a hearing on Tuesday, rejecting anything but technocratic changes to the global duty-free rule for small packages priced under $800.
Janet Yellen Tries Persuading Europe To Embrace Washington’s View Of China
Treasury Secretary Janet Yellen was in Europe this week on a charm offensive from Washington, trying to convince leaders there to join forces in going after China on trade.
A New Trade Policy Has Emerged: CPA CEO Michael Stumo Chats with USTR Senior Advisor Beth Baltzan
A new trade policy isn’t just emerging; it’s emerged. Six years after former President Donald Trump and his chief trade diplomat Robert Lighthizer imposed tariffs on nearly $400 billion worth of imported goods from China, President Biden has done the same.
