CPA Praises Commerce Department Ruling in Favor of U.S. Cabinet Makers
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…
Donald Trump Loves Those Big Tariffs. So Did Our Founding Fathers.
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…
Trump Expands Steel Tariffs, Saying They Are Short of Aim
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…
Trump Expands Aluminum, Steel Tariffs to Some Imported Products
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…
China trade deal will not restore 3.7 million U.S. jobs lost since China entered the WTO in 2001
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…
Tariffs Are Working, to the Consternation of the Economics Profession
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…
Initial U.S.-China trade deal has major hole: Beijing’s massive business subsidies
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…
Phase One China Deal: Steep Tariffs Are the New Normal
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…
U.S. Factory Output Rebounds Even Without Post-GM Strike Bump
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…
GM Can’t Keep Up in China, Once Seen as the Promised Land
The claim: GM has struggled in China as a result of President Trump’s trade policies with China. The reality: GM’s eight-year reign as the top foreign automaker in China ended…