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.
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%.
China achieved domination of the global solar energy equipment industry thanks to $50 Billion+ of Chinese government subsidies.
Key Points The Section 301 tariffs imposed in 2018 on Chinese imports reduced U.S. dependence on China. While U.S. imports surged by 39% between 2017
De minimis China imports increases the 2022 U.S. goods trade deficit by 16% to $1.38 trillion, representing some 8.3 million lost U.S. jobs.
CPA’s Domestic Market Share Index shows the share of US manufacturing demand fulfilled by domestic producers has declined steadily in 20 years.
Imports take 97% of the US bicycle market. China dominates but Cambodia, Vietnam shares grow as tariffs bite.