The United States imported some $4.4 billion worth of wooden cabinets, vanities and their components from China in 2018. The U.S. Commerce Department on Feb. 24 imposed anti-dumping duties of up to 262.2% and anti-subsidy duties of up to 293.5% in an investigation that started last year with a petition from the American Kitchen Cabinet … Read More
The Coalition for a Prosperous America (CPA) is congratulating one of its members, Wellborn Cabinet, for winning one of the largest trade cases in U.S. history. The Alabama-based maker of wooden kitchen cabinets and bathroom vanities led a coalition of manufacturers charging that Chinese firms have illegally subsidized and dumped product in the U.S. market. … Read More
There was plenty of trade during the Colonial period. But none of it was free. England, like all colonial powers at the time, maintained exclusive control over valuable goods like sugar, cotton and tobacco that the Colonies produced. On July 4, 1789, the United States passed its first significant piece of legislation: a tariff. More … Read More
The U.S. will expand its tariffs to cover products made of steel and aluminum — like nails, tacks, staples, cables, certain types of wire, and bumpers and other parts for cars and tractors — as of Feb. 8. For American companies making such products, it came as a relief. Southwire, a company in Carrollton, Ga., … Read More
The Trump administration expanded its trademark steel and aluminum tariffs to cover certain imported nails, staples, electrical wires and some downstream parts that go into automobiles and tractors, among other products. While imports of aluminum and steel have declined since the Trump administration imposed levies, some derivative products “have significantly increased since the imposition of … Read More
As shown in a forthcoming EPI report to be released later this month, growing U.S. trade deficits with China eliminated 3.7 million U.S. jobs between 2001 and 2018 alone, including 2.8 million jobs in manufacturing (details will be provided in the forthcoming report). Read the article.
Here’s what we know about the US economy in the early days of 2020: there was a manufacturing boom in 2017 and 2018. This boom lifted manufacturing employment by 190,000 jobs in 2017 to 12.545 million and another 264,000 jobs in 2018 to 12.809 million. That 2018 increase was the largest in 20 years. The … Read More
After China labeled shipbuilding a strategic industry in 2006, the government funded several new shipyards with subsidies that saved the industry up to $4.5 billion over a six-year period. China quickly doubled its market share from roughly one-quarter of world ship orders to half. Trump last year imposed tariffs on steel after the U.S. share … Read More
Even with the phase one deal in effect, Trump will have increased the average US tariff on imports from China to 19.3 percent from 3.0 percent in January 2018. The deal means the average US tariff will be reduced only slightly from its current level of 21.0 percent. This will reduce China’s average tariff on … Read More
Production of motor vehicles and parts jumped 12.4%, the most in a decade; excluding that category, factory output rose 0.3%, the first gain in three months. Total industrial production, which also includes mines and utilities, rose 1.1% after a 0.9% decrease. Read the article.
