Post PNTR: 3.8 million Jobs Lost Due to China

Key Points The trade deficit with China has cost the U.S. 3.82 million jobs since 2001. Three-quarters of the job loss is concentrated in manufacturing, a total of 2.89 million manufacturing jobs lost. Job loss has been most concentrated in tradeable sectors. This has led to a decline of high paying jobs. The state-by-state analysis…

Tariffs and Tax Credits Driving a New Manufacturing Boom

Key Points: This article reviews the last five years of federal government manufacturing policy, including tariffs and tax credits, finding positive effects on rebuilding U.S. manufacturing. Single-country tariffs on imports from China have reduced U.S. dependence on China, with modest impact on reshoring U.S. manufacturing. Global tariffs such as those on steel and washing machines…

Chinese Manufacturers Could Earn Up To $125 Billion in U.S. Renewable Energy Tax Credits

U.S., European, and Chinese solar equipment manufacturers have rushed out announcements of investment in factories to make U.S. solar panels and related equipment since the Inflation Reduction Act (IRA) was signed into law last year. The tax credits designed to spur a move to solar energy are generous and the U.S. could soon be producing…