Economists Reconsider Industrial Policy
In the past, economists assessing the performance of industrial policies often focused on indicators such as import tariffs, capturing only limited dimensions of such measures and conflating their objectives with…
Decoupling From China Trade Easier Said Than Done
U.S. President Joe Biden’s economic policies depart sharply from those of former President Donald Trump, but both share a commitment to limiting the risks of trade with China and an…
USTR official: Rising Chinese EV exports a ‘threat’ to be taken seriously
The Biden administration is assessing the challenge posed by China’s rapid rise in electric vehicle manufacturing and export, an official from the Office of the U.S. Trade Representative said on…
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…