Then we have “free trade.” The neoliberals made it a top priority to make it as easy as possible to bring in cheap manufactured goods from developing countries. This cost millions of manufacturing jobs, and put downward pressure on the pay of non-college educated workers more generally. Read the article.
“We have to play both defense and offense. Frankly, when I look at tariffs, I see them mostly as defense,” Tai said in a response to a question by Senator Jeanne Shaheen (D-NH). “Defense is not going to be enough. We need offense. Read the article.
“The China tariffs are, in my view, a significant piece of leverage, and a trade negotiator never walks away from leverage,” US Trade Representative Katherine Tai said at a Senate hearing on Wednesday. Read the article.
A group of solar development heavyweights has promised to purchase up to $6 billion worth of U.S.-built panels over the course of four years. The plan is to source up to 7 gigawatts of domestically made panels per year, an amount equivalent to more than a quarter of all the solar capacity installed nationwide in … Read More
For US President Joe Biden, it’s a Hobson’s choice on Chinese solar panel imports. His new move to pause tariffs on imported Chinese-made silicone solar panels for two years has been either hailed or criticized. The announcement came in the middle of an ongoing investigation by the US Commerce Department. Possible trade agreement violations are … Read More
The pandemic has changed the nature of global supply chains with companies seeking to source goods from multiple places in order to minimize shipment and production disruptions. Read the article.
Treasury Secretary Janet Yellen said the US should work on shifting its dependence away from some rival nations for supplies of critical inputs as global supply-chain logjams have hurt the domestic economy. Read the article.
Corporate profits grew by double and sometimes triple digits during the COVID-19 pandemic. Worker wages did not. Record corporate profits did not stop these importers’ lobbyists from pursuing even higher profits by petitioning for 301 China tariffs exemptions. Removing tariffs on Chinese imports will only further enrich transnational enterprises that have profited during the COVID-19 pandemic and … Read More
Moser uses somewhat of a “cheat code” to measure onshoring. He measures reshoring by U.S. headquartered companies sourcing from the world, along with foreign direct investment (FDI) by foreign headquartered companies into the U.S. Combined, these efforts have led to about 6,000 manufacturing jobs per year in 2010 to about 260,000 per year in 2021, … Read More
The CPA policy paper forecasts that in 2025, China will continue to dominate global EV battery production with 56% of global production, while the U.S. will account for just 19%. As the key component of an electric vehicle, leadership in batteries will play an important and possibly decisive role in determining which nations lead the … Read More
