October Trade Deficit Rises to $78.2B, Pointing to Record Annual Goods Deficit of $1.2 Trillion
The government’s latest trade figures show a surge in imports, even as the economy runs the risk of recession. A look at October trade flows.
Details
Senate Finance Committee Chairs Want Bigger Trade Deals to Counter China
Senator Cornyn calls for large trade agreements to counter China in latest hearing on international trade inside the Senate Finance Committee.
Details
Senate Hearing Takes Swipe At ‘De Minimis’ Rule That Favors Amazon, FedEx, Shein & More
When it comes to duty-free China e-commerce, an advocacy group working for Amazon and Walmart tries to get the Senate Finance Committee on their side.
Details
Is the Dollar Overvalued? New Treasury Report Says Yes.
Treasury says the dollar is overvalued, but has no plans to fix it. Wall Street will remain the deciding factor in the dollar’s fate. Meanwhile, foreign central banks take action.
Details
For China Solar, Tariffs Set to Return After Commerce Findings
The Commerce Department says four Chinese solar companies in SE Asia circumvented US tariffs. Will Biden rescind his two year duty-free solar waiver?
Details
Commerce Department Finds Chinese Solar Companies are Illegally Circumventing Tariffs
Biden Administration Should Rescind its Solar Emergency Declaration WASHINGTON — The Coalition for a Prosperous America (CPA) today released a statement after the Department of Commerce issued a preliminary determination that determined that Chinese companies operating in Malaysia, Thailand, Vietnam, and Cambodia are illegally circumventing existing antidumping and countervailing (AD/CVD) duty orders on solar cells…
Details
CPA Urges Biden Administration to Resume 25% Tariffs on Mexican Steel Conduits
Mexican import surge is a clear violation of 2019 agreement WASHINGTON — The Coalition for a Prosperous America (CPA) today urged the Biden administration to resume the 25 percent tariff for steel conduit from Mexico in response to the surge of steel conduit imports. This surge is a violation of Mexico’s commitments in the May…
Details
China’s Zero Covid Revolt. Where Do We Go From Here?
China’s Zero Covid protests should persuade Washington, businesses, and consumers that dependence on China for manufacturing American goods will dull the shine off iconic American brands. Political risks are rising.
Details
Biden Administration Must Address Illegal Quartz Dumping by Indian Manufacturers
WASHINGTON — The Coalition for a Prosperous America (CPA) urged the Biden administration to enforce America’s anti-dumping and countervailing duties (AD/CVD) laws against predatory import practices in the quartz countertop industry. The U.S. market for quartz countertops is the largest in the world. However, unfair trade practices, especially from Asia, are rampant in this sector…
Details
Who is the Real Culprit Behind Globalization?
CPA Committee member Michael Collins looks at what made globalization what it is today and considers the big money barriers to rolling it back.
Details