The U.S. goods and services deficit fell 2.5% in June to $73.1 billion, but that was still the third highest monthly deficit number this year, according to the Bureau of Economic Analysis on Tuesday.
The de minimis problem is getting worse. Consider this article a “Summer 2024” update of how the de minimis catastrophe continues to escalate.
the U.S. Private Sector Job Quality Index (JQI) was 82.99, up by +0.41% from the preceding month. Despite this slight increase in the JQI, the overall July 2024 Jobs Report from the government’s Bureau of Labor Statistics showed weak job growth.
Euphoria over artificial intelligence has seized the technology industry, the stock market, and the world. But for the U.S. economy as a whole, the AI boom is very likely to be a huge productivity disappointment.
Transportation Secretary Pete Buttigieg has joined a chorus of Biden administration officials who all agree tariffs are needed to counter China’s mercantilism and export strategy.
During a Senate Foreign Relations Committee hearing on Tuesday, Sen. Marco Rubio (R-FL) asked the No. 2 at the State Department to consider trade policy when thinking about China.
The bipartisan legislation would prevent any company with ties to a Foreign Entity of Concern from receiving the 45X Advanced Manufacturing Tax Credit.
If Rep. John Moolenaar (R-MI-2), the newly minted Chairman of the House Select Committee on the CCP, gets his wish, there won’t be any Chinese EV battery investments in the U.S.
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.
This bipartisan legislation aims to combat international trade crimes by directing the Department of Justice (DOJ) to establish a new structure dedicated to prosecuting international trade crimes.
