Monthly Trade Deficit Tops $100 Billion for First Time in History
An overvalued dollar is helping to exacerbate the country’s largest-ever trade deficit in goods. The U.S. is on pace for $1.1 trillion deficit in 2022.
An overvalued dollar is helping to exacerbate the country’s largest-ever trade deficit in goods. The U.S. is on pace for $1.1 trillion deficit in 2022.
Download CPA’s Legislative Alert here. OPPOSE TOOMEY MOTION TO INSTRUCT What’s happening: USICA’s trade provisions are a gift to China. It is far more than reinstating tariff exclusions. It attacks USTR and CBP’s ability to enforce our laws. In this alert, CPA is drawing attention to a particularly catastrophic provision, Sec. 73001 of the China…
A House Foreign Affairs Committee hearing warned against creating economic dead zones in rush to switch to renewables.
The Senate Armed Services Committee heard testimony this week from defense industry experts warning about the declining domestic market share for microelectronics.
By: Greg Owens, Co-Founder and CEO, Sherrill Manufacturing Inc. We have entered a new post-pandemic phase in world economic order. Deglobalization is now upon us. It started with a relatively “slow impact” move to decouple from China. This was characterized by diplomacy followed by limited and low-percentage tariffs on certain Chinese goods. Two years of…
Janet Yellen tells The Atlantic Council that the U.S. needs more resilient supply chains. But judging by her speech, reshoring was not part of the solution.
The U.S. China Economic And Security Review Commission debated ways to better deal with China’s non-market economy in the WTO. Tariffs were part of the solution.
At a hearing by the U.S. China Economic and Security Review Commission, the Market Access Charge is brought up as a way to balance trade.
At a hearing by the U.S. China Economic and Security Review Commission, panelists agree that removing China from its Permanent Normal Trade Relations status with the U.S. is not (yet) in the cards.
By Charles Benoit, CPA Trade Counsel An upcoming vote in Congress will be on par with the 2001 decision to grant China Permanent Normal Trade Relations. And Senate Finance Republicans are supporting it. They need to see the light.