How Budget Deficits Grow Due to Trade Deficits
Excessive imports siphon demand for goods and services away from American producers and drive the government to run a budget deficit to cover that gap.
Vietnam is Not a Market Economy. Commerce Gets it Right, and Here’s Why.
The last thing the United States needs is for Vietnam, now our third largest trade deficit nation, to be granted market economy status.
Trade Deficit Falls 2.5% In June, But Summer Started With Third Highest Monthly Deficit This Year
The U.S. goods and services deficit fell 2.5% in June to $73.1 billion, but that was still the third highest monthly deficit number this year, according to the Bureau of Economic Analysis on Tuesday.
De Minimis Catastrophe Escalates: DOJ Indictments Laughed-Off, Amazon Moving to China, CBP Sued
The de minimis problem is getting worse. Consider this article a “Summer 2024” update of how the de minimis catastrophe continues to escalate.
Economic View: The Coming AI Productivity Disappointment
Euphoria over artificial intelligence has seized the technology industry, the stock market, and the world. But for the U.S. economy as a whole, the AI boom is very likely to be a huge productivity disappointment.
Buttigieg is the Latest Top Biden Official to Advocate for China Tariffs
Transportation Secretary Pete Buttigieg has joined a chorus of Biden administration officials who all agree tariffs are needed to counter China’s mercantilism and export strategy.
Sen. Rubio Asks State Department to Consider China Trade Policy Rather Than Just Defense, But Gets Little In Return
During a Senate Foreign Relations Committee hearing on Tuesday, Sen. Marco Rubio (R-FL) asked the No. 2 at the State Department to consider trade policy when thinking about China.
China EV Battery Maker Gotion Faces Challenges by Chairman of House Select Committee on the CCP
If Rep. John Moolenaar (R-MI-2), the newly minted Chairman of the House Select Committee on the CCP, gets his wish, there won’t be any Chinese EV battery investments in the U.S.
Fentanyl By Mail: DOJ Captures Chinese National Importing 2,000 Kilos of Fentanyl Chemicals
The Department of Justice indicted a Chinese national who was living in the United States and importing thousands of kilograms of precursor chemicals used in making the addictive, powerful synthetic opioid known as fentanyl.
Senator Sherrod Brown Wants To Make It Nearly Impossible To Drive a Chinese Car
Should Sen. Sherrod Brown (D-OH) get his way, no Chinese EV can be driven within 25 miles of a Defense Department property, which likely means military housing, war colleges, and of course military bases.