Aluminum imports into the U.S. have surged in recent years, with some product categories seeing a 380% increase since 2015. Many countries have already been found guilty of dumping aluminum into the U.S. at artificially low prices.
The CPA Domestic Market Share Index (DMSI) rose slightly in the first quarter of 2024 as domestic manufacturing output edged up and the manufacturing trade deficit contracted slightly.
PVC pipe is critical for U.S. infrastructure, especially as electrical conduit in energy, data centers, and other high-tech sectors. U.S. PVC pipe imports are surging with 2024 import levels over twice as high as 2023 levels.
USD Overvaluation affecting U.S. trade with the world by $364 billion, compared to only a $30 billion effect from current tariffs. Currency misalignment also has a larger effect in more heavily tariffed countries, such as China.
New Biden-Mexico Steel Agreement will only affect about 16% of imports from Mexico, based on CPA’s analysis (the White House estimates it will only affect just 13% of imports).
CPA today announced that the U.S. Private Sector Job Quality Index (JQI) was 82.45, essentially flat with only a change of -0.03% from the preceding month.
This article includes details of products, rate increases, timelines, and the background behind the Biden Administration’s Section 301 Tariff Increase Proposal.
The standard pipe import surge from the UAE, Thailand, Vietnam, and Oman is particularly concerning as these countries continue to have substantial economic ties with countries considered U.S. geopolitical adversaries.
As China’s policies continue unchecked, the world is experiencing China Shock 2.0, with devastating economic, social, and political consequences.
A below-expectations jobs report and a continuing decline in the JQI are not good
signs for the U.S. economy.
