Senator Blackburn and Ossoff’s De Minimis Bill is Seriously Flawed
While the bill’s title suggests a crackdown on the unfolding de minimis catastrophe, in reality it would handcuff CBP’s ability to do anything about it.
What Are Trump’s Plans For Solar in the Inflation Reduction Act?
Biden’s signature climate change-related spending policy, the Inflation Reduction Act, is said to be going under the knife once Trump takes office in January. But with Republican districts now full of solar, and solar manufacturing facilities, the real risk is changes to the so-called 45X tax credit.
U.S. Military ‘Can’t Compete With China’; Would Lack Defense Industrial Goods After Month of War
The takeaway from the roughly 90 minute hearing titled “Rebuilding the Arsenal of Democracy” was that the government needed long term contracts and more money to build up defense systems because, based on war games conducted by the Center for Strategic and International Studies, the U.S. struggled to hold its own.
Trump Puts Mexico and Canada Free Trade Benefits on Notice
President-elect Donald Trump read Mexico and Canada the riot act on Monday night, telling them if they don’t seal their border and – in Mexico’s case – drastically slow the flow of fentanyl and other narcotics into the U.S., they’ll be hit with 25% tariffs starting January 20, 2025.
Guest Opinion: What do Manufacturers Need to Succeed and Grow?
Now that we have re-elected President Trump for a second term to work on achieving his goal of Making America Great Again, it’s time to focus on how to rebuild America’s manufacturing industry because we can’t be great again without a strong domestic manufacturing industry.
For Universal Tariff, Treasury Has Responsibility
For Mr. Lutnick to lead the tariff and trade agenda in the next Administration, he will need an aligned Treasury Secretary to executive critical policies on customs revenue generation, customs valuation, and de minimis.
China Commission Panel: U.S. Fashion Industry Cannot Survive “De Minimis” Loophole
Either we have a fashion industry or we have de minimis, but we cannot have both, warned Jacob Helberg, one of the 10 commissioners for the U.S. China Economic and Security Review Commission.
Trade Deficit Takes Huge 19.2% Leap In September; Automotive and Semiconductor Deficit Bigger Than Sept. 2023
The U.S. goods and services deficit took a surprising 19.3% leap to $84.4 billion in September, with exports falling by 1.2% and imports rising by 3%, the Bureau of Economic Analysis reported on Tuesday.
Customs Admits Yet Again That De Minimis is Loaded with Fake Goods, and Banned Goods
De minimis, a customs rule that allows for duty free shipment and minimal inspection if the overseas vendor claims the value is under $800, is a haven for contraband, whether it’s fake Nikes, childrens’ toys made of lead, or banned food products, Customs and Border Protect (CBP) admitted yet again.
Keynes’ Support for Broad Tariffs
Keynes believed that free trade could exacerbate domestic unemployment and economic imbalances and argues for the use of tariffs and trade protections to safeguard national industries, preserve employment, and promote the balance of trade.