Economic View: Leading Economists Turn Against Free Trade – “A Flawed Game”
Respected economists including Janet Yellen, Mario Draghi, Paul Romer and Angus Deaton have been critical of free trade and globalization in recent weeks.
CPA Strongly Supports New Solar Trade Case Filed by Major U.S. Solar Manufacturers
CPA strongly supported a previous AD/CVD case filed by Auxin Solar where the Commerce Department determined that Chinese companies operating in Malaysia, Thailand, Vietnam, and Cambodia are illegally circumventing.
Mexico and China Trade Problems Mounting, Senator Sherrod Brown, Others on Finance Committee Say
Despite USMCA being the “gold standard” trade agreement, Mexican trade problems are increasing with the U.S. The Senate Finance Committee on Wednesday brought up the
Katherine Tai Chastised By Farm State Senators Over Market Access, Free Trade Deals
USTR Katherine Tai was repeatedly taken to task by farm state senators in Wednesday’s Senate Finance Committee hearing for what they see as lackluster attempts at opening markets for U.S. agriculture exports.
DMSI Rises Slightly in Q4 2023
The CPA Domestic Market Share Index (DMSI) rose slightly for both Q4 2023 and the full year last year. The U.S. trade deficit in manufactured goods came in at an alarmingly high $1.07 trillion last year.
Biden Administration Proposal to Increase Steel Tariffs Needs to be Wider in Scope
The Biden administration’s recently announced proposal to increase the steel and aluminum tariffs on Chinese products from 7.5% to 25% could be a mixed bag.
Republicans Block Democrats’ Policy of Denying De Minimis Treatment for Chinese Merchandise
In 2022, during the last Congress, House Democrats passed the Import Security and Fairness Act, which would deny de minimis treatment for all Chinese merchandise.
GSP Trade Agreement Bill Passes House Ways & Means Along Party Lines
After three years of languishing in limbo, the Generalized System of Preferences (GSP), a quasi-free trade deal with more than 100 developing nations, will move out of the House Ways and Means Committee to the full House.
CPA Statement on House Ways and Means Committee Action on Trade Bills
At a time when China continues its attempts to decimate American manufacturers and workers through predatory trade activity, Chairman Jason Smith’s leadership on trade issues has been a welcome improvement over previous chairs that have rubber stamped failed free trade programs.
Katherine Tai Gets an Earful from Ways & Means on Mexico, De Minimis, GSP Renewal, Agriculture Deficits, and Generic Drug Imports.
USTR Katherine Tai sat for a two hours-plus hearing with the House Ways and Means Committee on Tuesday to discuss trade matters and was met early on by some staunch criticism.
