U.S. Starts 2023 with $68.3 Billion Trade Gap; Goods Deficit Already at $91.08 Billion
The U.S. posted its usual trade deficit for the month of January. A look at what we buy, and who we buy it from.
Details
Currency Misalignment Monitor, March 2023
New monthly index tracks currency misalignment based on latest market rates Dollar is 11.2% overvalued Japanese yen 27.7% undervalued Chinese yuan 18.9% undervalued CMM is
Could ‘Reshoring’ Become a Political Fight Over the Next Two Years?
Former President Trump says the U.S. needs universal tariffs to fix trade imbalances with the world. And says China should no longer be on the Most Favored Nation trade list, giving it nearly duty-free access to the U.S. for thousands of products.
New Leadership Brings Change of Mood at House Ways & Means
Rep. Jason Smith puts globalist companies on notice for profit shifting. Says Chairmanship at House Ways & Means will focus on “shoring up” supply chains.
Record U.S. Goods Trade Deficit in 2022 As Electronics, Vietnam Imports Rise
Key Points The U.S. goods trade deficit ballooned to $1.19 trillion in 2022, an increase of 9% from the previous year. This is a U.S.
Why an Increasing Number of U.S. States are Banning China Tech
A look at what states are banning Chinese tech companies like Lenovo, and why more are following this trend started by the state of Georgia.
Why Medicine Costs So Much Money, Despite Imports from Low-Cost Nations
The Senate Commerce Committee takes the little known, and even less understood, Pharmacy Benefit Manager industry to task for high drug costs.
China Trade Surplus Hits New Record
China ran a record-high trade surplus in 2022 of $878 billion, equivalent to about 4.8% of its GDP.
In Senate Finance ‘Leveling the Playing Field’ Hearing on Trade, De Minimis Takes Center Stage
The Senate Committee on Finance discusses trade, as witnesses led by FedEx throw support behind the de minimis duty-free imports rule.
After China Balloon Incident, House Financial Services Talks Risks To US
What are the risks China poses to the U.S. industrial supply chain and what can be done about it? Some quotes from Congress and witnesses from a Feb. 7 hearing.
