Shein’s Fast Fashion business reminds me of the barker in Pinocchio, (to paraphrase) “Get your tank tops, dress, sweaters, and t-shirts! Buy all you can! Be a glutton! Stuff your bags! Hurry, hurry, hurry, hurry!” Who could imagine that a small order-fulfillment Chinese company with almost no garment manufacturing experience would become the world’s largest…
A bipartisan trio of Senators sent a letter to China retailer SHEIN asking for assurances their clothes sold here are not made with banned cotton. They also inquire about the de minimis loophole that makes SHEIN possible.
A new report by the Government Accountability Office highlights the need for revamped trade deals. But missing from the discussion is the case for more local supply chains.
The latest trade figures show historic deficits with Mexico, Canada and Vietnam. Meanwhile, the 2022 deficit with China and the EU is the second largest of all time.
Yes, in many ways the U.S. is funding China’s defense sector through venture capital, portfolio investments, and computer hardware sales to companies on the Entity List.
On January 31, CPA trade counsel Charles Benoit gives a masters class on the history of trade tariffs, and how they were used to build the U.S. economy.
The U.S. is increasingly dependent on imports for drugs. One reason: a tax avoidance scheme that pits U.S. manufacturing up against Europe. What can be done about this problem?
U.S. Senator Bill Cassidy (R-LA) has released a discussion draft of a sweeping, ambitious bill titled the “Americas Act”. The bill states its aim to “establish a regional trade, investment, and people-to-people partnership of countries in the Western Hemisphere”. But unlike every other U.S. trade agreement in the last century, the Americas Act actually undertakes…
The Covid-19 pandemic gave big pharma big payday. But it also caused the industry to rethink a globalized supply chain centered on Asia. What will it take to reshore at least some generic drugs to the U.S.
Can the U.S. really bring manufacturing home? A McKinsey study shows that existing concentration of some supply chains will make it hard. Here’s what needs to be done.