Tariffs and Trade Have Little Impact on Inflation
The evidence is clear: neither tariffs nor the surge of imports from trade liberalization have had a significant effect on inflation, positive or negative.
The evidence is clear: neither tariffs nor the surge of imports from trade liberalization have had a significant effect on inflation, positive or negative.
Thanks in no small part to a strong dollar, and the animal spirits of the U.S consumer and businesses, the United States goods trade deficit broke a record in 2024.
It’s past time for Washington to implement a trade policy that rebuilds independence and prosperity for America’s domestic farmers and manufacturers.
Decades of free trade agreements have led to a record $39 billion agricultural trade deficit in 2024, undermining the broader U.S. agricultural industry.
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.
The U.S. goods and services deficit took a surprising 19.3% leap to $84.4 billion in September, with exports falling by 1.2% and imports rising by 3%, the Bureau of Economic Analysis reported on Tuesday.
USITC’s ruling against the domestic aluminum industry and its workers exposes the futility of relying solely on hyper-specific AD/CVD cases to address today’s rampant trade abuses.
U.S. Trade Representative Katherine Tai said the proper use of tariffs as a trade tool is good for the middle class, especially those that work in the industrial sectors of the economy. No tariffs, on the other hand, may lower costs of goods sold.