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.
CPA Welcomes Biden Administration Decision to Deny Vietnam “Market Economy” Status
In January, CPA called on the Biden administration to reject misguided calls to revoke the non-market economy status of the Socialist Republic of Vietnam — a nation where the economy remains highly controlled by the government.
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.
Job Quality Index and Manufacturing Employment Increase Slightly, but July Job Report Shows a Darkening Employment Landscape
the U.S. Private Sector Job Quality Index (JQI) was 82.99, up by +0.41% from the preceding month. Despite this slight increase in the JQI, the overall July 2024 Jobs Report from the government’s Bureau of Labor Statistics showed weak job growth.
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.
Sen. Rubio Asks State Department to Consider China Trade Policy Rather Than Just Defense, But Gets Little In Return
During a Senate Foreign Relations Committee hearing on Tuesday, Sen. Marco Rubio (R-FL) asked the No. 2 at the State Department to consider trade policy when thinking about China.
CPA Supports Brown, Cassidy, Ossoff, Scott Bill to Prohibit Chinese Companies from Receiving IRA Tax Credits
The bipartisan legislation would prevent any company with ties to a Foreign Entity of Concern from receiving the 45X Advanced Manufacturing Tax Credit.
