U.S. De Minimis China Imports Hit $188 Billion Last Year
De minimis China imports increases the 2022 U.S. goods trade deficit by 16% to $1.38 trillion, representing some 8.3 million lost U.S. jobs.
De minimis China imports increases the 2022 U.S. goods trade deficit by 16% to $1.38 trillion, representing some 8.3 million lost U.S. jobs.
The U.S. is the most overvalued among major currencies.
CPA’s Domestic Market Share Index shows the share of US manufacturing demand fulfilled by domestic producers has declined steadily in 20 years.
Imports take 97% of the US bicycle market. China dominates but Cambodia, Vietnam shares grow as tariffs bite.
China ran a record-high trade surplus in 2022 of $878 billion, equivalent to about 4.8% of its GDP.
Rising levels of foreign direct investment by China into Mexico enables tariff-avoiding shipments of Chinese goods and parts into the U.S.
U.S. steel imports from Mexico have surged despite a 2019 U.S.-Mexico agreement to maintain steel imports at past levels.
U.S. pharmaceutical imports have skyrocketed in the last ten years, with imports from China, India and Mexico leading the surge.
The U.S. Private Sector Job Quality Index (JQI) rose by a slight 0.03% 81.03 in September as both low-quality and high-quality jobs rose.
The top 5% and top 20% of U.S. households have enjoyed most of the gains in U.S. GDP since 1970. Bottom 20% have seen almost no gains in 50 years.