Our model finds that increasing tariffs on imports from China to the Column 2 rate would increase real household incomes by $3,647, or 4.9%, and create 2 million new jobs. In 2022, the $382.9 billion trade deficit with China accounted for 32% of the $1.19 trillion total U.S. trade deficit. As our research shows, this … Read More
While the bigger companies were profiting off cheap Chinese assembly lines and access to the Chinese market, smaller and midsized manufacturers were getting creamed by competition with the country’s cheap imports. “The reality [is] that the consumer who enjoys the low prices of imported goods is also a worker who must withstand the downward pressures … Read More
The EU has been focused on de-risking itself from China. However, facts and figures show China has already been de-risking “for decades,” the EU chamber head says. Beijing has developed multiple de-risking plans in recent years such as the Made in China 2025 plan, the dual circulation model and the government’s self-reliance strategies. Read the … Read More
Officials speaking on condition of anonymity recalled the solar industry debacle a decade ago, when cheap imports from China gutted European production. One of the officials said Europe’s auto industry could potentially be vulnerable in the same way and so the EU faces a binary choice: Either it affirms its power or submits to China. … Read More
U.S. Customs data shows that solar module imports in the first seven months this year were up 179% over the same period last year. The U.S. government must consider more aggressive action to tariff imports, and to block Chinese solar companies from claiming U.S. tax credits for building manufacturing facilities here aimed at eliminating emergent … Read More
According to the Australian Strategic Policy Institute’s critical technology tracker, China is a world leader in 37 of 44 critical technologies that underpin competitiveness in the industries of the future. There is a legitimate conversation to be had about certain sensitive product dependencies that threaten every country’s economic, health or military security. Read the article.
Clinton assured Congress that China would “open its markets.” American companies could “sell and distribute products in China … without being forced to relocate manufacturing to China.” Best of all, Clinton vowed that the United States would “be able to export products without exporting jobs.” Two decades later, we know this was wrong. America’s annual … Read More
“When you watch China, you do not have a real conversation with them. Everything they tell you is a complete lie. They never follow through on anything, whether it is a trade deal or following the rules of the World Trade Organization, or whatever they think, they never follow through. So in that case, there … Read More
“Our trade policy should support American jobs at any opportunity. Should we change the rule so that GSP countries increase their rule of origin threshold, which is now only 35%?” The ultimate goal would be to make sure that some of that 65% is Made in the U.S.A. Right now, the U.S. is not included … Read More
If Europe does indeed follow America in becoming more protectionist, it will do so for similar reasons – a fear that Chinese competition is undermining Europe’s industrial base and with it social and political stability. The automotive sector provides more than 6 percent of jobs in the EU, according to the European Commission. This is … Read More
