Year Begins With 5.4% Rise In Trade Deficit to $67 Billion
January 2024 posted a 5.4% gain in the monthly goods and services deficit, rising to $67.4 billion, the Bureau of Economic Analysis reported today.
CPA Applauds Brown, Scott Letter Urging Biden Administration to Close the De Minimis Loophole
There is growing bipartisan support for taking action, and CPA is proud to join with more than two dozen organizations representing thousands of voices that support closing the de minimis loophole.
Coalition to Close the De Minimis Loophole Launches: Dedicated to Stopping the Importation of Slave-Labor Made Products and Illicit Drugs Ravaging Communities
The Coalition to Close the De Minimis Loophole launched today, representing thousands of voices, from the families of victims of fentanyl fatalities and nonprofit and nonpartisan organizations to labor unions, domestic law enforcement associations, domestic manufacturers, and business associations.
Mexico Replaces China for Imports. What’s Happening?
Last year, the U.S. imported more goods from Mexico than it did from China. It was a first. Although the trade deficit with China is still the biggest out of every country, and more than the trade deficit with Mexico and Canada combined, Mexican imports totaled $475.6 billion in 2023 versus China’s $427.2 billion.
Fentanyl Hearing Starring Country Music Star Jelly Roll Talks Sanctions; Mainly Threatens China
This week’s Senate Banking Committee hearing on fentanyl was high on celebrity, short on solutions.
Mexico’s Trade Violations Threaten U.S. Farms
by MICHAEL STUMO For the first time, the United States has become dependent on other countries for food. Even though U.S. farms continue to produce
Loophole in U.S. Customs Law Contributing to Fentanyl Deaths
Last year, more than 73,000 Americans died from an overdose of the synthetic opioid fentanyl. The drug itself is cheap and readily available, with thousands of pounds flowing into
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.
Mexico and Guatemala Governments are Working Against Their Own Peoples’ Interests
The Mexican & Guatemalan governments are working against their own peoples’ interests. Rather than weakening our rules of origin, North American leaders should be united in recapturing market share lost to China.
