Cheap Imports Are Making America Poorer
Cheap imports shaved prices on some goods but never made Americans richer. Wage losses and job destruction outweighed any discounts.
Defense Production Act to Be Part of Re-Industrialization Strategy, House Armed Services Hearing Confirms
On Capitol Hill, the defense narrative clearly gets legislators’ attention. It remains the surest way to get Members of Congress thinking about reindustrialization and rebuilding domestic supply chains.
An Industrial Policy Success Story Trump Should Champion: The Manufacturing Extension Partnership
President Trump has made American reindustrialization and reshoring central to his economic policy agenda. Reviving American manufacturing enjoys broad public support and has increasingly become a bipartisan priority.
Senate Finance Hearing: Pro-USMCA and Decisively Anti-Tariff on Mexico and Canada
The Senate Finance Committee agrees on two things: First, the U.S. Mexico and Canada Agreement (USMCA) isn’t perfect and a number of issues need fixing. Second, they don’t want tariffs.
Import Alert: India Drug Maker Recalls Cholesterol Meds Due To Manufacturing Defects
Zydus Pharmaceuticals, one of India’s largest generic drug makers, recalled over 22,000 bottles of a cholesterol medication on Dec. 30, 2025. AvKare, a Tennessee-based pharmaceuticals distribution company that relies on imports, recalled around 7,900 cartons of Rosuvastatin, a widely used generic statin, a day later.
November Trade Deficit Returns to Normal After October Lull; Record Goods Deficit Likely In 2025
The November trade deficit numbers returned to a more normal figure, with the services surplus still in the $20s to low $30 billion range, and the goods deficit jumping from the October lull.
Senate Committee: Why Can’t We Label Where Pharmaceuticals Come From?
Clothes are labeled. Most food is labeled. Even your car has its manufacturing country of origin stamped onto the door panel. Pharmaceuticals on the other hand, one of the biggest import items and certainly one most critical to our daily health safety and security, usually do not come with any labels at all.
Who is Really Paying for Trump’s Tariffs?
Few economic policies generate as much conversation as tariffs. Supporters see them as a way to rebuild domestic industry and rebalance supply chains. Critics argue they are little more than a tax on American consumers. For years, economists have tried to settle the question of who actually pays – and they have not all come to the same conclusion.
Why the 2025 Trade Deficit Might Not be as Bad as it Looks
Once year-ending 2025 trade data is released in February, we will be looking at another $1 trillion deficit. Assuming the monthly goods deficit for November and December looks like the low October goods deficit of $58.5 billion, the U.S. will record a minimum $1.17 trillion goods gap for 2025, the second largest trade deficit since 2024’s $1.2 trillion barnstormer.
China’s Record Trade Surplus and Washington’s Financial Trump Card
China’s trade surplus has crossed a dangerous threshold. In 2025, it exceeded $1 trillion for the first time, surpassing the previous record of $993 billion.
