Has Janet Yellen Seen the Light on China?
Treasury Secretary Janet Yellen just spent the weekend in China, her second trip there in less than a year.
Goods Deficit Flat at $91.4 Billion in February, As Mexico Takes Over China’s Position as Top Source of Imports
While the month-over-month goods deficit with China fell by around $3.7 billion, the deficit with Mexico rose by $2 billion over the same period.
Gas, Eggs, and Airline Tickets Rose Over 30% During Inflation Spike. Tariffs Had Nothing To Do With It.
Energy prices, food prices, and price spikes due to shortages were the dominant drivers of inflation.
America’s Life-Threatening Drug Shortages Reach Record Highs
Despite spending over $600 billion on prescription drugs, the number of drugs in shortage rose to a near-record total of 301 active medication shortages at the end of 2023.
Sorry, Democrats (and Free Trade Republicans): Trump’s Tariffs Worked
Tariffs that began in 2018 have not destroyed the U.S. economy. The stock market did not crash. Tariffs weren’t the cause of inflation either. And many manufacturing industries from kitchen cabinets in Alabama to solar in Ohio are thriving because of them.
Tariffs, Quotas, or Both? A Q&A on Remedies to Overproduction and Imbalanced Trade
How can U.S. industry, small and large, compete against countries with much weaker currencies, lower labor and environmental regulatory costs, and the overproduction and dumping that come from Asia?
Mexico Is Growing as New China Hub; 2024 Exports Already Breaking Records
Mexico is fast becoming a new hub for China offshore investment and exports.
Senator Sherrod Brown Questions Wisdom Of IRA Tax Credits For China Solar Giants In Hearing
“Our tax code is supposed to support American manufacturers in building out genuine domestic supply chains. It shouldn’t be exploited by the Chinese Communist Party,” said Brown.
Did the General Services Administration Break “Buy American” Laws In Purchase Of Owl Labs Video Cameras Made in China?
Owl Labs of Massachusetts may look like an American company, but other than the U.S.-based venture capital that funds it, and the intellectual property behind it, their 360-degree video cameras are made in China.
Why the Nippon Steel Deal Has Steel Workers in a Panic
The Nippon Steel proposed acquisition of U.S. Steel has the United Steelworkers Union (USW) worried that, eventually, integrated steel mills will be closed in favor of imports from Japan.