Nucor Corporation has announced it will halt production at its wire rod rolling mill in Connecticut, citing challenging market conditions created by a flood of low-priced imports from Canada, Greece, Mexico, Poland, and Ukraine.
Widely regarded as one of the nation’s leading experts on tariffs, industrial policy, economic modeling, and trade policy, Ferry’s contributions to CPA and the broader economic policy landscape have been transformative.
The Biden administration’s order followed a December 23 report by the Committee on Foreign Investment in the United States (CFIUS), which found that the acquisition posed unacceptable risks to America’s national security.
The CBO has not come all the way to our side, but it is nevertheless a partial confirmation of our view of the US economy. Broad-based tariffs will generate economic growth, create jobs, and raise household incomes, with only a very minor one-time increase in consumer prices.
The American people have made it clear they want strong trade policies that restore American self-reliance. Passing GSP or AGOA now would be a direct affront to the incoming administration’s mission to rebuild American industry and secure our nation’s future.
These nominations, brought forward at the end of the congressional session, undermine the opportunity to thoroughly assess and ensure the qualifications of candidates for such an important role.
