Is There Any Stopping China from Being the Solar OPEC?
China has wiped out American solar before. Can they do it again? This is the concern among many on Capitol Hill, including in the White House.
MP Materials Rare Earth Production Rises, But Price Slump Challenges Industry
MP Materials, the only active rare earths mining company in the U.S., is making great progress. And yet at the same time, the company just reported a financial loss. The contradiction illustrates the challenges involved for the U.S. in rebuilding a rare earths industrial capability.
Michael Stumo: Biden Administration Drops the Ball on Mexico’s Steel Surge
For more than two years, domestic steel producers have been urging the Biden administration to act on Mexico’s steel surge. But despite Mexico’s clear breaching of the agreement for several years, the Biden administration chose to negotiate rather than enforce a standing international agreement.
De Minimis Update: Major New Senate Finance Bill; Regulatory Capture DHS/CBP Strikes Again
The de minimis catastrophe is getting attention on Capitol Hill, thanks to legislative champions on both sides of the aisle in Congress, and the advocacy of the The Coalition to Close the De Minimis Loophole (of which CPA is a member).
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.
