Biden “Anti-Tariff” Trade Nominee Irks Leading Democrats; Potentially Opposing Figure at USTR
Nelson Cunningham would be the second in command at the USTR after Katherine Tai in his role as Deputy United States Trade Representative.
WSJ Continues to Cry About Tariffs. Here’s Where They Are Wrong.
The Wall Street Journal has started 2024 bemoaning tariffs. They are for losers, the WSJ Inside View columnist Andy Kessler wrote in December, ending 2023 with a taste of what is expected to come this year, an election year.
House Foreign Affairs Committee Considers More China Restrictions, This Time on Entire Sectors
The House Foreign Affairs Committee said in its hearing on U.S. capital flows to China military companies on Wednesday that it would push the full House to take up legislation that would restrict outbound investment to entire sectors of the Chinese economy.
Manchin Goes Scorched Earth On IRA EV Tax Credits
The Biden administration’s signature clean energy law, the Inflation Reduction Act (IRA), got its clock cleaned last week at a Senate Energy Committee hearing.
Fentanyl Hearing Starring Country Music Star Jelly Roll Talks Sanctions; Mainly Threatens China
This week’s Senate Banking Committee hearing on fentanyl was high on celebrity, short on solutions.
Uyghur Forced Labor Law Faces Formidable Opponent With De Minimis Rule In Place, Homeland, Customs Tells House Hearing
The roughly two-year-old Uyghur Forced Labor Law (UFLPA) may be pushing a boulder uphill thanks in large part to the de minimis provision that allows
Southeast Asia Under Scrutiny from American Kitchen Cabinet Makers
A Customs investigation prompted by the Kitchen Cabinet Manufacturers Association (KCMA) suggests Southeast Asian exporters of kitchen and bath cabinetry and vanities are picking up where the mainland Chinese left off.
Nippon Steel’s US Steel Corporation Offer Should Be Killed, CPA Board Member Bill Jones Believes. Here’s Why.
The world’s fourth largest steel producer – Nippon Steel of Japan – made an offer to buy the third largest steelmaker in the U.S., U.S. Steel Corporation, in an all cash purchase priced at $55 a share in December, nearly double the company’s share price from early August.
U.S. Trade Deficit Surprisingly Falls In November But 2023 Goods Deficit Still Over $1 Trillion
The U.S. trade deficit fell by 2% in November over the previous month, with both exports and imports relatively flat ahead of the holiday season.
China Derisking? Not Really. Some Goods Now Sourced from Chinese Companies in Vietnam
Supply chains are still in the hands of Chinese companies but have been “rejiggered” to Vietnam and elsewhere.
