Tariffs Good, ‘De Minimis’ Bad, in Latest House Ways & Means Hearing on Trade
House Committee hears from witnesses who call for better trade enforcement, and keeping tariffs. Meanwhile, de minimis trade rule in the crosshairs again.
Economic Conference Asks “What Would (Alexander) Hamilton Do?”
Alexander Hamilton advocated for trade tariffs and strong IP protections to build the U.S. economy and protect it from more powerful, or more devious adversaries. A debate in DC over whether we are heading towards Hamiltonian economics.
U.S. Trade Deficit Falls 9% in March to $64.2 Billion; Goods Deficit at $269.8 Billion on Year
Monthly trade figures show a slowing economy. Deep dives show goods gap likely to shrink. And in advanced tech, only aerospace has a trade surplus.
National Security Advisor Jake Sullivan: U.S. Needs New Trade, Economic Consensus
But rebuttal to Sullivan’s Brookings Institution speech shows a group of DC influencers are less inclined to support local manufacturing out of concerns about allied relations, more.
How a Department of Energy Loan Officer Helps Chinese Solar Companies
Jigar Shah, Director of the Loans Program Office at the DoE, is in charge of billions of dollars in new renewable energy loans. He once advocated for China solar power.
House Ways & Means Chairman Cites CPA Study on China’s Inflation Reduction Act Benefits
What is President Biden’s solar emergency declaration? And why is it being opposed by both parties?
In Latest House Ways & Means Trade Hearing, the Hardships of China ‘Decoupling’
The trade deficit is financing China’s rise, some members of the House Ways & Means Subcommittee on Trade say. What’s at stake? Is it fixable?
‘De Minimis’ Customs Rule an End Around Uyghur Forced Labor Law, Witnesses Tell China Commission
De minimis becomes topic of discussion at this week’s Congressional-Executive China Commission. CPA submits a letter on the issue calling for changes to the duty-free rule.
China Commission Warns of China’s Near Parity with US In Advanced Tech; Doubts Export Restrictions Are Working
The U.S. China Economic and Security Review Commission heard from 10 witnesses in a hearing on China’s defense tech. In some areas, from hypersonic missiles to drones, China is way ahead of us.
U.S. Monthly Trade Deficit Up 2.7% as Goods Gap Hits $183.2 Billion in Two Months
What the U.S. trade deficit for February is telling us about American supply chains, and dollar strength due to rising interest rates.
