Bike Industry Imports Slumped in 2022; Still Hold 97% of U.S. Market
Imports take 97% of the US bicycle market. China dominates but Cambodia, Vietnam shares grow as tariffs bite.
First-Ever House Select Committee on China Shows Washington’s Worry
House China Committee talks China. No war talk. But plenty of worry. What was said at the first ever hearing, one of Capitol Hill’s best hearings this year.
CPA Annual Global Imbalances Report: U.S. remains the leading deficit country absorbing the surpluses of China, Japan and Germany
Key Points Global current account imbalances (consisting mostly of trade) increased in 2021, the most recent data available. As a percentage of world GDP, total imbalances reached 3.6%, equivalent to $3.3 trillion. Imbalances have worsened during the pandemic and the post-pandemic period, driven by rising goods trade flows, mainly from Asia to North America. Persistent…
Senate Banking Committee Asks if Export Controls Against China are Working
A look inside the Feb 28 Senate hearing on China export controls, and the Banking Committee’s debate on how to best compete with the world’s No. 2 economy.
Senate Banking Committee Asks: Should China be Allowed to Buy U.S. Farmland?
Should China be allowed to buy U.S. farmland? What about agribusiness operations that are near military installments?
House Foreign Affairs Committee Spars Over China Export Controls
Another day, another hearing on China on Capitol Hill. The House Foreign Affairs Committee held a hearing on Feb. 28 titled “Combatting the Generational Challenge of CCP Aggression”, with the main topic members and witnesses from the State and Commerce departments being export controls. Lastly, “decoupling” was brought up by Chairman Michael McFaul (R-TX) and…
U.S. Starts 2023 with $68.3 Billion Trade Gap; Goods Deficit Already at $91.08 Billion
The U.S. posted its usual trade deficit for the month of January. A look at what we buy, and who we buy it from.
Currency Misalignment Monitor, March 2023
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…
Could ‘Reshoring’ Become a Political Fight Over the Next Two Years?
Former President Trump says the U.S. needs universal tariffs to fix trade imbalances with the world. And says China should no longer be on the Most Favored Nation trade list, giving it nearly duty-free access to the U.S. for thousands of products.