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.
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.
US productivity growth has underperformed since the year 2000.
Steel imports from Mexico have surged far above historic levels, violating Mexico’s trade agreement with the U.S. and threatening local U.S. economies.
China dominates all phases of global solar energy equipment manufacturing.
The CPA Domestic Market Share Index (DMSI) fell again in Q3 as domestic producers continued to lose share to importers in the U.S. market.
China’s domestic consumption is 20 points lower than other major economies. It needs to raise consumption to address indebtedness and to raise living standards in China.
U.S. imports of steel conduit from Mexico have exploded since 2017.
The December Currency Misalignment Monitor found dollar overvaluation edging up once again, to 17.4% against the basket of 33 other currencies included in our model.
Solar module imports so far this year are 179% up on last year.
Key Points Steel imports from Mexico have surged in recent years. Some steel products, such as rebar have increased by several thousand percent over previous
U.S. manufacturing employment hit an all-time low as a percent of the total workforce, 8.3%.
