By Kenneth Rapoza, CPA Industry Analyst Katherine Tai reportedly gave the Business Roundtable some clues as to where Biden’s tariff policy is heading. Potential new US Trade Representative, Katherine Tai, reportedly told the Business Roundtable that lobbying for tariff removal won’t work, at least for the time being. She said companies keen to keep the…
By Kenneth Rapoza, CPA Industry Analyst What countries and what products helped lead to an historic trade deficit in the middle of a global pandemic. The biggest takeaway from 2020 trade: Vietnam is now China’s offshore lovechild. And Switzerland’s currency maneuvers gave it the biggest jump in its trade gap with the US, ever. Demand…
By Kenneth Rapoza, CPA Industry Analyst The US says there will be no new vacancy slots filled at the World Trade Organization’s Appellate Body due to a number of “systemic” problems. Biden sticking with Trump’s policy for now. In continuing with the Trump administration’s hard tack against the World Trade Organization, the Biden administration said…
CPA’s CEO, Michael Stumo, and Government Relations Director, Jon Toomey discuss the Office of the USTR announcement of 13 key staff appointments for the Biden-Harris Administration. See also Biden’s Trade Rep Nominee Is Well-Versed in Beijing’s Aggression
By Kenneth Rapoza, CPA Industry Analyst Worried about China and the US policy towards our biggest strategic rival? Then Tom Cotton’s office has the perfect weekend reading. The 84-page Beat China: Targeted Decoupling and the Economic Long War looks in the rearview at China-US policy, and lists some strategies to deal with China going forward.…
The new Biden administration faces a whirlwind of economic recovery challenges. The COVID-19 pandemic has wreaked havoc on the U.S. economy and millions remain unemployed. And thanks to Chairman Xi Jinping’s actions in China, along with former President Donald Trump’s use of unilateral economic leverage—including tariffs—Congress is fully aware that Beijing will not play by…
By Kenneth Rapoza, CPA Industry Analyst US chip makers have a commanding lead when it comes to sales worldwide of the chips in our X Box controllers, laptops, and — increasingly — our cars. But mostly all of it is made in Asia. The recent chip shortage has executives from Intel, AMD and elsewhere asking…
By Kenneth Rapoza, CPA Industry Analyst China threatens to withhold some key rare earths used in navigational equipment on American fighter planes. But that’s not all. For at least a decade, Washington has been aware of China’s growing dominance in mining and processing of rare earth metals. These metals might not be household names like…
Americans are impatiently waiting for their chance to receive a COVID-19 vaccination. It’s estimated 70 to 85 percent of the nation will need to be fully vaccinated in order for the United States to return to “normal” living conditions. So far, however, only about three percent of the U.S. population has been fully vaccinated. Clearly, there’s a lot of…
The biggest goods deficit was seen in 2020. Jeff Ferry, Chief Economist; along with Industry Analyst, Ken Rapoza discuss why in this weeks episode of Coalition Conversations. See also The Year in Trade 2020