November Trade Deficit Falls 21% to $61.5 Billion, But $1 Trillion-Plus Deficit Record Beat
The November trade deficit fell, but that didn’t stop the U.S. from record imports this year. The goods deficit is now over $1.1 trillion.
Senate Hearing Bemoans Worker Shortages, Wonders If Reshoring Can Work
A Senate Commerce subcommittee hearing heard from witnesses who said worker shortages will ultimately be a drag on U.S. reshoring efforts. Pharmaceutical reps warned of high energy costs, which could add to import dependence.
October Trade Deficit Rises to $78.2B, Pointing to Record Annual Goods Deficit of $1.2 Trillion
The government’s latest trade figures show a surge in imports, even as the economy runs the risk of recession. A look at October trade flows.
Senate Finance Committee Chairs Want Bigger Trade Deals to Counter China
Senator Cornyn calls for large trade agreements to counter China in latest hearing on international trade inside the Senate Finance Committee.
Senate Hearing Takes Swipe At ‘De Minimis’ Rule That Favors Amazon, FedEx, Shein & More
When it comes to duty-free China e-commerce, an advocacy group working for Amazon and Walmart tries to get the Senate Finance Committee on their side.
For China Solar, Tariffs Set to Return After Commerce Findings
The Commerce Department says four Chinese solar companies in SE Asia circumvented US tariffs. Will Biden rescind his two year duty-free solar waiver?
China’s Shein Under the Microscope Finds Banned Cotton Everywhere
Banned cotton under Biden’s Uyghur Forced Labor Prevention law is making its way into the U.S. in Shein packages, a German lab has found.
BARDA Industry Day: More Money for American Pharma?
A project out of the Department of Health & Human Services promises more domestic supply of locally made vaccines and critical drugs. Will they finally deliver?
CPA’s Jeff Ferry Addresses House Financial Services Committee
Jeff Ferry talks to Congress about Wall Street investments in companies banned for forced labor. And why the need for greater cap market sanctions.
Why U.S. Chip Makers May Be Forced To Follow In Apple’s Footsteps
Are greater restrictions against U.S. tech companies doing business with China coming with the new Congress? Some say yes.
