Wire Rod and Rebar Imports Surge from Mexico, Violating 2019 Agreement

Key Points Steel imports from Mexico have surged in recent years. Some steel products, such as rebar have increased by several thousand percent over previous import levels. Mexico has violated the 2019 U.S.-Mexico agreement to maintain steel imports at past levels. The agreement was made when Mexico was exempted from the 25% steel tariffs under…

Industrial Policies Gain Support in the Academy

Last month, the Wall Street Journal published an attack on Joe Biden’s industrial policies arguing that Bidenomics “needs more…economic theory or research.” This theme has been picked up by numerous other media publications. Economist and former Treasury Secretary Larry Summers appeared on a Peterson Institute video to argue that restrictions on free trade, such as…

USA Rare Earth Works to Address Severe Shortage of U.S. Minerals

A looming shortage of critical minerals is a huge challenge facing the U.S. and all industrial nations outside of China. The rare earth family of minerals is one example of the problem. Rare earths are used to manufacture permanent magnets, key components of the motors that power electric vehicles. Rare earths also figure in motors…