Key Points We find that further decoupling from China would grow the U.S. economy and result in higher incomes and more jobs for Americans and the rebuilding of many critical manufacturing sectors. The removal of MFN (most favored nation) status for China would increase the tariff rate on imports from China from the current Column…
Note: This version is updated with results for additional tax revenue and a retaliation scenario. Key Points CPA modeled former President Trump’s recent proposal regarding a 10% universal tariff. Our simulation finds that the tariff change would increase economic growth and create opportunity for Americans through increasing incomes and job creation. Under the proposal, real…
As Congress considers renewal of the program, the marketing has switched to “facilitating supply chain shifts out of China”. This is narrative creation completely untethered to reality.
Tariffs on China led to shrinking imports from there, but not from around the world. Naysayers point out that this means tariff policy failed. But has it?
The recent spending on manufacturing facilities is almost entirely due to two pieces of legislation. That won’t be enough for a real, manufacturing boom.