U.S. Trade Deficit Falls 9% in March to $64.2 Billion; Goods Deficit at $269.8 Billion on Year
Monthly trade figures show a slowing economy. Deep dives show goods gap likely to shrink. And in advanced tech, only aerospace has a trade surplus.
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,
National Security Advisor Jake Sullivan: U.S. Needs New Trade, Economic Consensus
But rebuttal to Sullivan’s Brookings Institution speech shows a group of DC influencers are less inclined to support local manufacturing out of concerns about allied relations, more.
How a Department of Energy Loan Officer Helps Chinese Solar Companies
Jigar Shah, Director of the Loans Program Office at the DoE, is in charge of billions of dollars in new renewable energy loans. He once advocated for China solar power.
Currency Misalignment Monitor, May 2023
The U.S. is the most overvalued among major currencies.
House Ways & Means Chairman Cites CPA Study on China’s Inflation Reduction Act Benefits
What is President Biden’s solar emergency declaration? And why is it being opposed by both parties?
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.
In Latest House Ways & Means Trade Hearing, the Hardships of China ‘Decoupling’
The trade deficit is financing China’s rise, some members of the House Ways & Means Subcommittee on Trade say. What’s at stake? Is it fixable?
House Ways & Means Committee Argue Over China, Inflation Reduction Act
Will the Inflation Reduction Act further solidify Chinese multinationals as the indisputable champions of global ‘green tech’ manufacturing?
‘De Minimis’ Customs Rule an End Around Uyghur Forced Labor Law, Witnesses Tell China Commission
De minimis becomes topic of discussion at this week’s Congressional-Executive China Commission. CPA submits a letter on the issue calling for changes to the duty-free rule.
