For Mr. Lutnick to lead the tariff and trade agenda in the next Administration, he will need an aligned Treasury Secretary to executive critical policies on customs revenue generation, customs valuation, and de minimis.
After years of delaying USITC appointments, the Senate is now being asked to confirm two nominees—Halie Craig and Jim Coughlan—who have track records of undermining U.S. producers and American workers.
Either we have a fashion industry or we have de minimis, but we cannot have both, warned Jacob Helberg, one of the 10 commissioners for the U.S. China Economic and Security Review Commission.
CPA looks forward to working with Senator Thune and lawmakers in Congress to advance policies that deliver on the Trump agenda to prioritize American workers, domestic manufacturing, and our nation’s economic security.
The next GOP leader must be 100% pro-tariff and aligned with the Trump administration’s agenda to use tariffs and industrial policy to create jobs, increase domestic production, and build broadly-shared economic growth that fuels America’s Golden Age.
U.S. manufacturing has fallen from 21-25% of GDP in 1950s to about 10% today. The decline is worse than the average of first world developed countries. The result is an unbalanced economy excessively dominated by services and imports.
CPA will be working closely with President-Elect Trump’s team to craft policies that will make a lasting impact on U.S. trade and industrial policy.
The U.S. goods and services deficit took a surprising 19.3% leap to $84.4 billion in September, with exports falling by 1.2% and imports rising by 3%, the Bureau of Economic Analysis reported on Tuesday.
The U.S. Private Sector Job Quality Index (JQI) is now 83.59, essentially flat with only a 0.01% increase compared to last month. Meanwhile, the overall October 2024 Jobs Report from the government’s Bureau of Labor Statistics showed only 12,000 jobs added in October.
USITC’s ruling against the domestic aluminum industry and its workers exposes the futility of relying solely on hyper-specific AD/CVD cases to address today’s rampant trade abuses.
