Proposals for new tariffs face a lot of criticism these days, from the media, from economists, and from foreign policy types. Part of the reason is that it’s Donald Trump making the proposals and many in those groups don’t like Trump. But the fact is that tariffs can work to build our economy. They have worked before and they have worked recently as well.
The August trade figures came in surprisingly low on Tuesday, falling 10% to $70.4 billion, marking the lowest monthly goods and services gap since March ($67.9 billion), the Bureau of Economic Analysis said today.
The U.S. Private Sector Job Quality Index (JQI) was 83.58, up by +0.58% from the preceding month. Moreover, the overall September 2024 Jobs Report from the government’s Bureau of Labor Statistics showed strong job growth.
Two hundred years ago, on March 30 and 31, 1824, Henry Clay, then Speaker of the U.S. House of Representatives, delivered arguably the most consequential economic speech in Congressional history.
The U.S. Department of Commerce yesterday made a significant preliminary determination in its investigation into solar imports from Vietnam, Cambodia, Malaysia, and Thailand, confirming illegal trade practices through foreign subsidies.
This decision represents a significant step toward protecting American solar manufacturers and the billions of dollars in U.S. investments at risk from China’s predatory and illegal trade practices.
Ford is the winner, though it might not be a prize worth winning in this case. The number one U.S. corporation with the most exposure – and therefore dependency – on China partners and supply is the historic Detroit auto maker.
The U.S. dollar remains at about the same worldwide valuation in our latest quarterly Misalignment Monitor, continuing to create a double-digit import incentive to the great disadvantage of domestic U.S. producers.
by Kenneth Rapoza for Newsweek Despite support for tariffs among American voters, many career Republican politicians still oppose this vital policy tool while they cling
This legislation would end China’s Permanent Normal Trade Relations (PNTR) status, a necessary move as China continues to flood global markets with artificially cheap goods, displacing U.S. investment and jobs.
