Note: This version is updated with results for additional tax revenue and a retaliation scenario. Key Points CPA modeled former President Trump’s recent proposal regarding a 10% universal tariff. Our simulation finds that the tariff change would increase economic growth and create opportunity for Americans through increasing incomes and job creation. Under the proposal, real…
Tariffs, i.e. import restriction, are a valuable tool for generating growth in the U.S. economy.
As Congress considers renewal of the program, the marketing has switched to “facilitating supply chain shifts out of China”. This is narrative creation completely untethered to reality.
House Financial Services Committee Chairman comes out against increasing the restrictions on China investment in the U.S. Here’s why other members agreed. Plus, a warning from Maxine Waters on outbound investments to adversarial nations.
Tariffs on China led to shrinking imports from there, but not from around the world. Naysayers point out that this means tariff policy failed. But has it?
Treasury sanctioned 70 Chinese defense contractors.Vanguard and BlackRock have somehow found a way to still invest in them.
As Congress returns to session, some call for new efforts to help struggling nations. Resuming the GSP, however, should not be one of them.
China remains largest source of U.S. trade deficit as gap with China equal to U.S. deficit with Mexico, Canada and Germany combined.