New Thinking Needed on Supply Chain Resilience
The U.S. China Economic and Security Review Commission heard from panelists this week on Washington’s reshoring efforts. Question: Will there be any buyers?
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U.S. Challenges in EV Battery Production
By Amanda Mayoral The U.S. is lagging behind China and the European Union in production of lithium-ion batteries for electric vehicles. Forecasts show the U.S. will fall further behind China by 2025 and remain dependent on imports for more than half of its EV battery needs. This CPA Policy Paper by CPA Economist Amanda…
U.S. Trade Deficit Eases in April, Down 19.1% to $87.1 Billion
The trade deficit fell. But the January-April goods deficit is still another record breaker.
How Trade Remedies Helped U.S. Manufacturers
Solar and steel tariffs helped the industry expand. Here is where the naysayers were wrong about rising prices and market destruction due to anti-dumping charges and other trade remedies.
Here are the 53 Senators Who Want to Cut China Tariffs
A bipartisan group of Republicans and Democrats support including the pro-China trade provision in the Senate USICA bill in the new Bipartisan Innovation Act.
Monthly Trade Deficit Tops $100 Billion for First Time in History
An overvalued dollar is helping to exacerbate the country’s largest-ever trade deficit in goods. The U.S. is on pace for $1.1 trillion deficit in 2022.
House Foreign Affairs Warns of Potential for Job Deserts in Climate Change Policy
A House Foreign Affairs Committee hearing warned against creating economic dead zones in rush to switch to renewables.
Semiconductor Manufacturing Becomes Problem for Defense Industry, Senate Armed Services Committee Says
The Senate Armed Services Committee heard testimony this week from defense industry experts warning about the declining domestic market share for microelectronics.
Chinese Solar Manufacturers Hold Biden Administration to Ransom
Thirty years ago, Clint Eastwood held a gun to his rival’s head and asked the question: “Do you feel lucky, punk?” That is what the Chinese solar manufacturers are doing today, with President Biden at the other end of that Magnum 44 six-shooter. On March 28th, Biden’s Commerce Department decided to pursue an anti-circumvention case…
Janet Yellen Seems to be Rethinking Globalization, Too
Janet Yellen tells The Atlantic Council that the U.S. needs more resilient supply chains. But judging by her speech, reshoring was not part of the solution.
