Australia’s Economic Shift Can’t Wait for Market, Minister Says
“It takes a lot to turn that around, and it also takes a view that is beyond ‘this will be something the market sorts out’,” he said in an interview…
U.S. mattress producers file petition alleging dumping by 12 countries
A group of U.S. mattress and bedding manufacturers and two labor groups have filed a petition alleging mattresses from 12 countries are being sold at below-market rates, while those from…
CPA Urges Biden Administration to Address Mexico’s Blatant Violation of Joint Steel Agreement
Industry data from U.S. domestic steel manufacturers also shows that Mexican steel producers are deliberately pricing more than 25% less than American-made products. For example, wire rod from Mexico was…
DoD chief: US and Australia stand against China’s ‘bullying behavior’
China has imposed a series of official and unofficial trade barriers in recent years against Australian exports including coal, wine, barley, beef, seafood and wood. The barriers are widely seen…
Candidate Trump Announces Plans To Reshore Essential Medicines To Avoid Drug Shortages
A January 2023 CPA Economics Team report said, “U.S. pharmaceutical imports have skyrocketed in the last ten years, with imports from China, India and Mexico leading the surge. India and…
Manufacturing Employment Hits All-Time Low. Will IRA Reverse The Trend?
Manufacturing jobs continue to be “good jobs” because they tend to pay well, offer benefits like health insurance, and generally involve steady work at 40 hours a week, with opportunities…
Commerce Secretary Warns of Semiconductor Glut Due to China’s Subsidies
“The amount of money that China is pouring into subsidizing what will be an excess capacity of mature chips and legacy chips, that’s a problem that we need to be…
A return to old-school mercantilism?
Historically, countries have resorted to policies including high tariffs and state subsidies for domestic firms to bolster their industrial capacities when great power rivalry deepens. This trend is reinventing itself…
Biden Administration Considering New Tariffs That Will Hike Prices for Canned Goods
It is simply untrue that a hike in aluminum tariffs will result in a price hike, as a hike in steel tariffs ultimately resulted in lower steel prices. But, according…
In the News: China Tariffs, Nearshoring, Exports
Yellen says lifting China tariffs premature. “‘The tariffs were put in place because we had concern with unfair trade practices on China’s side — and our concerns with those practices remains,’…