Removing trade barriers and reducing U.S. tariffs allowed China’s state-owned enterprises to flood the U.S. with deliberately underpriced goods.
GOP leadership in the House Ways & Means Committee and its trade subcommittee agree the “free trade” Generalized System of Preferences cannot be reauthorized as-is.
As Congress returns to session, some call for new efforts to help struggling nations. Resuming the GSP, however, should not be one of them.
Unless Mexico immediately adheres to its 2019 steel obligations, the U.S. should reimpose Section 232 tariffs on Mexican steel imports.
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.
At National Press Club, Katherine Tai talks about supply chain issues, what ‘de-risking’ from China might look like, and how USTR thinks about it.
But rebuttal to Sullivan’s Brookings Institution speech shows a group of DC influencers are less inclined to support local manufacturing out of concerns about allied relations, more.
Imports take 97% of the US bicycle market. China dominates but Cambodia, Vietnam shares grow as tariffs bite.
CPA Annual Global Imbalances Report: U.S. remains the leading deficit country absorbing the surpluses of China, Japan and Germany
Key Points Global current account imbalances (consisting mostly of trade) increased in 2021, the most recent data available. As a percentage of world GDP, total imbalances reached 3.6%, equivalent to $3.3 trillion. Imbalances have worsened during the pandemic and the post-pandemic period, driven by rising goods trade flows, mainly from Asia to North America. Persistent…
China ran a record-high trade surplus in 2022 of $878 billion, equivalent to about 4.8% of its GDP.