DC Rumor Mill: A Possible US-UK Free Trade Deal?
Rumor has it the White House is dusting off an old Trump-era idea to do a free trade deal with the UK. Ex-USTR Lighthizer says they found no benefit in one. CPA obviously agrees. Here’s why.
Rumor has it the White House is dusting off an old Trump-era idea to do a free trade deal with the UK. Ex-USTR Lighthizer says they found no benefit in one. CPA obviously agrees. Here’s why.
The USTR wants a worker-centered trade policy. The Coalition for a Prosperous America gave them some ideas.
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
Solar module imports so far this year are 179% up on last year.
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
Tariffs, i.e. import restriction, are a valuable tool for generating growth in the U.S. economy.
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?
Tariffs — and China risks — have helped U.S. reshore and led to more investments in production, shifting the decades old focus away from offshoring.
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.