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,’…
Rep. Jim Banks Bill To End Normal Trade Relations With China
“Granting China MFN status was a mistake, and we applaud Congressman Banks and Senator Hawley for introducing legislation to remedy it,” said CPA Chairman Zach Mottl. “Supporters of granting China MFN…
Lighthizer’s terrible new book
Another free trader who think the views of Adam Smith should direct trade policy for the U.S. He refuses to acknowledge that when George Washington signed the Tariff Act of…
Adam Smith’s Presumption for Unilateral Free Trade
The article states “the burden of proof is on protectionists to justify government-erected obstacles and not on free traders to justify keeping commerce free.” This is not true. The U.S….