“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
Trina Solar, which has come off a record H1 in revenues and profits, has decided to spend $200 million on a solar plant in Texas. The move comes even as Chinese firms remain embroiled in tariff-related issues for sales in the US, a key export market. Read the article.
Our simulation finds that the tariff change would increase economic growth and create opportunity for Americans through increasing incomes and job creation. Under the proposal, real household incomes would increase by nearly $8,000 and 3.3 million new jobs would be created. Real GDP would grow by 3.61%. Read the article.
The USITC March 2023 report showed that the Section 301 and 232 tariffs boosted production in all twelve of the industries studied. The report shows that price increases in the product categories targeted with tariffs were in the 3%-4% range, contrary to mainstream media narrative—most of the tariffs targeted intermediate (industrial) goods. Downstream goods, including consumer … Read More
The US tariff on EVs coming from China completely wipes out the 20% to 25% cost advantage China has because of lower labor costs, local suppliers and vertical integration. In Europe, the tariff on Chinese EVs is 9%. The only way for the Chinese to sell EVs in the US competitively is to make them … Read More
The average reservation wage – the lowest annual pay that workers would accept to take a new job – increased to $78,645 in July. That’s up from about $72,900 a year earlier and $69,000 in July 2021. According to a Federal Reserve Bank of New York survey released Monday, pay demands among women are rising … Read More
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.
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
