In 2022, during the last Congress, House Democrats passed the Import Security and Fairness Act, which would deny de minimis treatment for all Chinese merchandise.
After three years of languishing in limbo, the Generalized System of Preferences (GSP), a quasi-free trade deal with more than 100 developing nations, will move out of the House Ways and Means Committee to the full House.
USTR Katherine Tai sat for a two hours-plus hearing with the House Ways and Means Committee on Tuesday to discuss trade matters and was met early on by some staunch criticism.
US productivity growth has underperformed since the year 2000.
Steel imports from Mexico have surged far above historic levels, violating Mexico’s trade agreement with the U.S. and threatening local U.S. economies.
CPA Job Quality Index: Despite the federal government’s strong March 2024 Jobs Report released last Friday, the JQI shows the US labor market suffers from persistent structural issues.
At a time when China continues its attempts to decimate American manufacturers and workers through predatory trade activity, Chairman Jason Smith’s leadership on trade issues has been a welcome improvement over previous chairs that have rubber stamped failed free trade programs.
Biden called on USTR Tai to consider tripling the existing 301 tariff rate on Chinese steel and aluminum, and to investigate China’s unfair trade practices in shipbuilding, maritime and logistics sectors.
How bad does Beijing’s behavior have to become before the U.S. stops talking with China? It’s time to take pragmatic steps, including the removal of China’s MFN, to protect our national interest.
Economic models used to forecast the impact of international trade agreements have an in-built bias to favor free trade. This has led these models to underestimate repeatedly the damage done…
US productivity growth has underperformed since the year 2000.
In 2019 the U.S. trade deficit with China hit its lowest point in three years. This was in due to the trade policies enacted by the U.S. government that have been championed by CPA for years. CPA understands what policies are necessary to balance out trade defecit with foreign nations and grow our manufacturing base. I am proud to be a member of this strategic and tactical coalition.
Paul Wellborn, Wellborn Cabinet
