U.S. Trade Deficit With the World Breaks Record, Surpasses $1.2 Trillion
Thanks in no small part to a strong dollar, and the animal spirits of the U.S consumer and businesses, the United States goods trade deficit broke a record in 2024.
Thanks in no small part to a strong dollar, and the animal spirits of the U.S consumer and businesses, the United States goods trade deficit broke a record in 2024.
It’s past time for Washington to implement a trade policy that rebuilds independence and prosperity for America’s domestic farmers and manufacturers.
The tariff threats against America’s northern and southern neighbors were designed to exact concessions from these countries to help Trump address the flow of migrants and drugs across the border.
Valentine will bolster CPA’s advocacy efforts at the federal, state, and local levels, working to advance pro-American trade and economic policies that support domestic manufacturing, strengthen supply chains, and protect American workers.
CPA strongly supports the Trump administration’s expected announcement today imposing 25% universal tariffs on Mexico and Canada and 10% universal tariffs on China—a long-overdue step to rebalance trade, strengthen U.S. manufacturing, and restore American economic independence.
Trump’s Commerce Secretary pick Howard Lutnick, former head of Cantor Fitzgerald in Manhattan, faced off with the Senate Commerce Committee on Wednesday in his nomination hearing.
On day one of the new administration, rather than any new tariffs, President Trump issued a Presidential Memorandum titled America First Trade Policy.
Decades of free trade agreements have led to a record $39 billion agricultural trade deficit in 2024, undermining the broader U.S. agricultural industry.
President Donald Trump did a roughly one-hour video call with the World Economic Forum in Davos on Thursday, reminding those in attendance that he is serious about correcting trade imbalances.
In a letter delivered to the White House today, CPA urged the reinstatement of Section 232 tariffs on Mexico and outlined a series of measures to strengthen the U.S. steel and aluminum industries, which are being severely undermined by surging imports from Mexico and other nations.