Washington’s $70 Billion in Lost Protection: Liberation Day, One Year Later
One year after Liberation Day, the most aggressive tariff escalation since 2018, the United States collected just half of what its own policy prescribes.
Don’t Be Misled by the Falling Value of Chinese Imports
USTR says the U.S. goods deficit with China fell 46 percent. But the goods didn’t stop coming — importers just declared them worth less. Treating customs “value” as an appraisal hides the undervaluation now driving the numbers.
China’s Rise As No. 2 Economic Power Has Created Worldwide Industrial Subsidies Trend
Subsidies across 15 key industrial sectors have reached their highest levels relative to revenue since the 2008-2009 global financial crisis, according to an OECD study published June 1.
House Agriculture Committee Supports USMCA
President Trump might be fine with upending the United States-Mexico-Canada Agreement (USMCA) ahead of the July 1 review deadline, but the House Agriculture Committee is not.
Texas is Rolling Out the Welcome Mat for China’s Copper Takeover
China is quietly making a move on one of America’s most critical industrial materials — copper. Texas is helping them do it.
Adam Smith’s Enemy Was the East India Company, Not the Tariff of 1789
This week, Scott Lincicome marked the 250th anniversary of The Wealth of Nations by recruiting Adam Smith into the free-trade lobby’s war on American tariffs. It’s a clever conscription, but it depends on erasing the most important fact about Smith’s world: when Smith attacked “mercantilism,” he was attacking a system America’s founders also rejected — and replaced with something Smith never imagined.
Trade Deficit Falls in April, Driven Largely by Persian Gulf Disruptions
The ongoing conflict in the Persian Gulf likely led to a slight 1.2% decline in the overall goods and services deficit in April, coming in at $55.9 billion, based on Bureau of Economic Analysis (BEA) data released on Tuesday.
Government Seeks To Enlist Small Business Involved In Critical Supply Chains
The government increasingly sees critical minerals, battery materials and components, and refining as strategic industrial assets rather than low value goods often burdened by environmental regulations.
Mike Froman Is Wrong Again: Manufacturing Jobs Are Among America’s Best Jobs
While hosting Ambassador Greer, the former USTR manipulated pay data to claim that services jobs had overtaken manufacturing.
EU Moves To Protect Antibiotics From Asian Dominance; Aligning More With U.S.
Lawmakers from member states of the European Union agreed to measures last week to stop drug shortages and fix chronic Asian dependencies for critical medicines, this time spurred by worries over the antibiotics supply chain.
