The November JQI fell substantially, decreasing by about 0.5%. One of the major reasons behind this decline is falling wages for Electrical equipment manufacturing and Support activities for air transportation.
Biden’s signature climate change-related spending policy, the Inflation Reduction Act, is said to be going under the knife once Trump takes office in January. But with Republican districts now full of solar, and solar manufacturing facilities, the real risk is changes to the so-called 45X tax credit.
The takeaway from the roughly 90 minute hearing titled “Rebuilding the Arsenal of Democracy” was that the government needed long term contracts and more money to build up defense systems because, based on war games conducted by the Center for Strategic and International Studies, the U.S. struggled to hold its own.
Peter Navarro played a key role in the first Trump administration in advancing pro-American trade policies and leveling the playing field for U.S. industry. His return signals a serious commitment to prioritizing American manufacturing and economic independence.
It is now time for the Senate to act swiftly and ensure that this bill becomes law, empowering the DOJ to effectively prosecute international trade crimes and protect American industry.
CPA looks forward to working with Jamieson Greer to advance a robust trade agenda that prioritizes domestic production, holds trade violators accountable, and strengthens America’s industrial base.
President-elect Donald Trump read Mexico and Canada the riot act on Monday night, telling them if they don’t seal their border and – in Mexico’s case – drastically slow the flow of fentanyl and other narcotics into the U.S., they’ll be hit with 25% tariffs starting January 20, 2025.
Now that we have re-elected President Trump for a second term to work on achieving his goal of Making America Great Again, it’s time to focus on how to rebuild America’s manufacturing industry because we can’t be great again without a strong domestic manufacturing industry.
For Mr. Lutnick to lead the tariff and trade agenda in the next Administration, he will need an aligned Treasury Secretary to executive critical policies on customs revenue generation, customs valuation, and de minimis.
After years of delaying USITC appointments, the Senate is now being asked to confirm two nominees—Halie Craig and Jim Coughlan—who have track records of undermining U.S. producers and American workers.
