Rechenberg: Iowa Farms Have Suffered from Years of Free Trade Failures
Agriculture has long been a key part of Iowa’s economy. But the state is now facing escalating trouble, including the loss of more than 26,000 family farms since 1982.
CPA Book Club: Can the U.S. Win the Competition for High Value Industries?
Industrial Policy for the United States seeks to list all of the tools a country can use to improve its industrial base and entice businesses to invest in manufacturing. If these tools are deployed, the authors argue, the results will be good for local economies and labor.
China’s Solar Companies in Southeast Asia Whacked With 100%+ Tariffs—What’s Next?
The duties impact several major Chinese solar brands, including Jinko Solar and Trina Solar, as well as Vietnamese manufacturers that Commerce believes have been circumventing tariffs by importing components from mainland China for final assembly.
Former Greek Finance Minister Breaks Down Trump’s ‘Economic Master Plan’—A Must-Read Analysis
Varoufakis’ essay is a must-read for CPA members curious about what a former G-20 Finance Minister (the equivalent of our Treasury Secretary) thinks about the dollar.
Trump’s Reciprocal Tariffs Memo: Uncertainties and Key Questions
President Trump released his “Fair and Reciprocal Trade” memo on Thursday, calling into question whether these new proposed tariffs will be permanent like the China Section 301s or quickly removed once a country “reciprocates” in kind.
Tariffs and Trade Have Little Impact on Inflation
The evidence is clear: neither tariffs nor the surge of imports from trade liberalization have had a significant effect on inflation, positive or negative.
China “Owns” America’s Generic Drug Supply Chain, U.S. China Commission Says
It’s the most well-known secret on Capitol Hill: China owns the American generic drug supply chain. Basic thyroid or blood pressure medications might finally be put into pill form in an Indian lab and sold under an Indian brand like Cipla. But the organic compounds, or key starting materials, mostly come from China.
China’s Manufacturing Share to Hit 45% by 2030 as U.S. Falls to 11%, Report Warns
China is forecast to account for 45% of the world’s global industrial production by 2030. That growth comes at the expense of the West, which is projected to drop to 11% of global production in the next five years.
Imports of Steel Surging Into the U.S. From Around the World
Despite Section 232 global steel tariffs and quotas on European raw steel, imports of steel slabs and steel products like steel rebar are up. The surge is eating into domestic producer market share, and companies are closing shop.
CPA Chairman: U.S. Must Impose Tariffs on Steel Imports
America’s steel industry supports millions of American workers and is the backbone of critical industries. By imposing tariffs on steel imports and its derivatives, Trump can restore America’s industrial strength and secure a prosperous future for workers.