CPA submitted a formal statement of support to the Senate Finance Committee, urging Greer’s confirmation and highlighting his leadership in implementing policies that protected U.S. manufacturers, farmers, and ranchers from being displaced by imports.
The tariff threats against America’s northern and southern neighbors were designed to exact concessions from these countries to help Trump address the flow of migrants and drugs across the border.
CPA strongly supports the Trump administration’s expected announcement today imposing 25% universal tariffs on Mexico and Canada and 10% universal tariffs on China—a long-overdue step to rebalance trade, strengthen U.S. manufacturing, and restore American economic independence.
Trump’s Commerce Secretary pick Howard Lutnick, former head of Cantor Fitzgerald in Manhattan, faced off with the Senate Commerce Committee on Wednesday in his nomination hearing.
In a letter delivered to the White House today, CPA urged the reinstatement of Section 232 tariffs on Mexico and outlined a series of measures to strengthen the U.S. steel and aluminum industries, which are being severely undermined by surging imports from Mexico and other nations.
This new CPA economic report is a damning indictment of how decades of free trade policies have hollowed out America’s agricultural sector, benefiting a handful of corporate giants while leaving family farms to bear the brunt of a failed experiment.
The United States is now on pace to reach a $39 billion agricultural trade deficit in 2024 amid all-time record imports.
The goods and services trade deficit rose 7.6% in November to $78.2 billion, a big leap from previous months when the deficit was trailing under the three month moving average, based on Bureau of Economic Analysis data released this week.
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.
Mexico has been flooding the United States with underpriced steel — in clear violation of a 2019 agreement with Washington. The Biden administration did not address the problem; now, the coming Trump administration must act.
