Year Begins With 5.4% Rise In Trade Deficit to $67 Billion
January 2024 posted a 5.4% gain in the monthly goods and services deficit, rising to $67.4 billion, the Bureau of Economic Analysis reported today.
Coalition to Close the De Minimis Loophole Launches: Dedicated to Stopping the Importation of Slave-Labor Made Products and Illicit Drugs Ravaging Communities
The Coalition to Close the De Minimis Loophole launched today, representing thousands of voices, from the families of victims of fentanyl fatalities and nonprofit and nonpartisan organizations to labor unions, domestic law enforcement associations, domestic manufacturers, and business associations.
America’s Largest Generic Drug Supplier Aurobindo is in Deep with China’s Military
America’s largest generic drug supplier, Aurobindo, is riddled with safety and quality issues, including ties to overseas suppliers with links to China’s military.
CPA Applauds RSC China Bill Provision to Ban U.S. Investment in China A-Shares
The RSC bill sends a strong message to lawmakers like Financial Services Committee Chairman Patrick McHenry, who has consistently done the bidding of Wall Street and the CPP.
What China’s ‘Return to Manufacturing’ Policy Means
Wolfe told the Commissioners on Monday that he doubts countries will be able to tolerate the deluge of China exports, adding that he sees no end in sight to this onslaught for the time being.
Southeast Asia Now A Trio Of Mini-Chinas Producing Solar for US Market
Three Southeast Asian nations have become China’s “Mini Me” when it comes to the solar supply chain.
Consumer Safety Official: De Minimis is ‘Overwhelming’
The roughly 485 million packages that come into the U.S. duty free via the de minimis loophole is “overwhelming” and that volume “makes it harder for us to police products for consumer safety,” James Joholske, director of the office of import surveillance at the U.S. Consumer Product and Safety Commission (CPSC) told the U.S. China Economic and Security Review Commission on March 1
On the “Zero Predictive Accuracy” of Most Economic Models…
CPA Trade Counsel Charles Benoit and Chief Economist Jeff Ferry told Monday’s Prosperity Summit attendees that most economic models are worse at predicting trade outcomes than the local weatherman is at forecasting precipitation levels 10 days out.
Prosperity Summit Wrap: Industry Leaders Share Concerns With Congressional Staffers
Roughly 40 congressional staff members had a chance to meet with and hear from industry leaders as diverse as Florida farmers to multinational corporations in the renewable energy space about the trials and tribulations of competing with emerging markets that play by different rules. And often break existing ones.
CPA Applauds Senator Hawley’s Tariff Bill for Chinese Cars
China’s predatory auto industry is a direct threat to American auto manufacturers and the hundreds of thousands of hard-working men and women that rely on this critical industry.
