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.
Currency Misalignment Monitor, May 2023
The U.S. is the most overvalued among major currencies.
U.S. Domestic Market Share Index Slightly Increases
CPA’s Domestic Market Share Index shows the share of US manufacturing demand fulfilled by domestic producers has declined steadily in 20 years.
Bike Industry Imports Slumped in 2022; Still Hold 97% of U.S. Market
Imports take 97% of the US bicycle market. China dominates but Cambodia, Vietnam shares grow as tariffs bite.
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.
Chinese Companies Build Factories in Mexico to Exploit “Friendshoring”
Rising levels of foreign direct investment by China into Mexico enables tariff-avoiding shipments of Chinese goods and parts into the U.S.
Duty-Free Steel Imports from Mexico Surge Beyond Agreed Upon Levels
U.S. steel imports from Mexico have surged despite a 2019 U.S.-Mexico agreement to maintain steel imports at past levels.
Skyrocketing Pharmaceutical Imports to the U.S. Endanger National Security
U.S. pharmaceutical imports have skyrocketed in the last ten years, with imports from China, India and Mexico leading the surge.
Job Quality Index Up Slightly as High and Low Quality Jobs Rise
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.
U.S. Income Inequality Widened Further in 2021
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.