Firm U.S. Durable Goods Orders Underscore Resilient Investment
Orders placed with U.S. factories for durable goods rose in March, pointing to sustained investment in business equipment that is helping drive economic growth. Read the article.
Buy USA
SORRY, CHINA. MOST AMERICANS SUPPORT HIGHER PRICES ON YOUR IMPORTS.
61% of voters believe that increased imports have made the United States dependent on China for goods that are critical to the US economy and US national security. 60% of voters are opposed to China continuing to receive trade status as the most favored nation with the United States, giving the country a tariff of … Read More
With Trump gone, Republicans look to weaken his China tariffs
Republicans in both chambers are backing trade language in the Senate’s China competition bill that would roll back some of the tariffs — instead of a more protectionist proposal from House Democrats. Republicans are balking at the protectionist trade provisions included in House legislation to help the U.S. economy compete with China, which passed the … Read More
CPA to Federal Retirement Board: Investing Federal Pension in Chinese Companies is Economic Treason
The Coalition for a Prosperous America today called on the Federal Retirement Thrift Investment Board to abandon reported plans that it is poised once again to start investing the retirement funds of participants in the Thrift Savings Plan in companies owned or controlled by the Chinese Communist Party (CCP). Read the article.
Nations must secure global supply chains, prevent inflation shocks: Xi Jinping at WEF
“History has proved time and again that confrontation does not solve problems, it only invites catastrophic consequences. Protectionism and unilateralism can protect no one, they ultimately hurt the interests of others as well as one’s own. Read the article.
China Solar Moves to SE Asia to Beat Anti-Dumping/Countervailing Duties
Trade remedies helped U.S. manufacturers survive being swamped by Asian overcapacity, protected domestic labor markets, and never led to the devastation and disruption the opposition warned about if imports were curtailed. Solar and steel are two cases in point and are the most well-known. Kitchen cabinets are another sector that’s expanded due to trade remedies. … Read More
Biden Picks Up Where Trump Left Off in Hard-Line Stances at WTO
President Joe Biden’s administration dashed hopes for a softer approach to the World Trade Organization by pursuing a pair of his predecessor’s strategies that critics say risk undermining the international trading system. The U.S. delegation to the WTO, in a statement Monday obtained by Bloomberg, backed the Trump administration’s decision to label Hong Kong exports … Read More
The U.S. must beat China one, if by land, and two, if by space
We are already in danger of witnessing China’s surpassing the United States in critical areas economically, technologically, and militarily. It follows, then, that we must add an “American factor” to ensure that China does not successfully challenge America’s leadership in space. Read the article.
U.S. locks in tariffs on wooden cabinets from China
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
EU anti-dumping taxes on Chinese candles fuel protectionism fears
Despite G20 commitments last week to avoid protectionist measures, European Union authorities on Tuesday (7 April) agreed to impose anti-dumping taxes of up to 50 percent on Chinese-made candles sold in the EU. The duties were imposed in November last year on a temporary basis following complaints from European candle producers. They say they are … Read More