The Solar Energy Industry Association has claimed that 30,000 jobs could be lost if tariffs are reinstated on solar panels coming in from Chinese companies based in Southeast Asia. This claim is wholly fictitious, based on inflated job numbers and a purely hypothetical analysis of the sort that has been disproved by the facts again…
Key Points: This article reviews the last five years of federal government manufacturing policy, including tariffs and tax credits, finding positive effects on rebuilding U.S. manufacturing. Single-country tariffs on imports from China have reduced U.S. dependence on China, with modest impact on reshoring U.S. manufacturing. Global tariffs such as those on steel and washing machines…
U.S., European, and Chinese solar equipment manufacturers have rushed out announcements of investment in factories to make U.S. solar panels and related equipment since the Inflation Reduction Act (IRA) was signed into law last year. The tax credits designed to spur a move to solar energy are generous and the U.S. could soon be producing…
America’s international debt continues to grow. According to the federal government’s Bureau of Economic Analysis, our international debt, referred to in government data as Net International Investment Position (NIIP) reached negative $16.1 trillion at the end of 2022, in other words a debt of just over $16 trillion to foreigners. This is equivalent to 69%…
New monthly index tracks currency misalignment based on latest market rates Dollar is 11.5% overvalued Japanese yen 29.4% undervalued Chinese yuan 19.8% undervalued CMM is a partnership between the Coalition for a Prosperous America (CPA) and the Blue Collar Dollar Institute (BCDI). Uncertainty about the state of the world economy has dominated foreign exchange markets…
Imports take 97% of the US bicycle market. China dominates but Cambodia, Vietnam shares grow as tariffs bite.
New monthly index tracks currency misalignment based on latest market rates Dollar is 11.2% overvalued Japanese yen 27.7% undervalued Chinese yuan 18.9% undervalued CMM is a partnership between the Coalition for a Prosperous America (CPA) and the Blue Collar Dollar Institute (BCDI). Today we are launching our Currency Misalignment Monitor (CMM). The CMM uses the…
Key Points The U.S. goods trade deficit ballooned to $1.19 trillion in 2022, an increase of 9% from the previous year. This is a U.S. and world record. Imports of electronic goods, machinery & appliances, and vehicles account for more than half of the trade deficit. While China continues to be the leading source of…
China ran a record-high trade surplus in 2022 of $878 billion, equivalent to about 4.8% of its GDP.
Rising levels of foreign direct investment by China into Mexico enables tariff-avoiding shipments of Chinese goods and parts into the U.S.
