Market Says Dollar Too Strong; Overvalued Currency a Problem For Washington’s Reshoring Plans
The market is in agreement: the dollar is overvalued and will likely remain that way all year.
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Katherine Tai Chastised By Farm State Senators Over Market Access, Free Trade Deals
USTR Katherine Tai was repeatedly taken to task by farm state senators in Wednesday’s Senate Finance Committee hearing for what they see as lackluster attempts at opening markets for U.S. agriculture exports.
Republicans Block Democrats’ Policy of Denying De Minimis Treatment for Chinese Merchandise
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.
DMSI Rises Slightly in Q4 2023
The CPA Domestic Market Share Index (DMSI) rose slightly for both Q4 2023 and the full year last year. The U.S. trade deficit in manufactured goods came in at an alarmingly high $1.07 trillion last year.
Biden Administration Proposal to Increase Steel Tariffs Needs to be Wider in Scope
The Biden administration’s recently announced proposal to increase the steel and aluminum tariffs on Chinese products from 7.5% to 25% could be a mixed bag.
Economic View: Productivism is the Key to National Prosperity
US productivity growth has underperformed since the year 2000.
CPA Strongly Supports New Solar Trade Case Filed by Major U.S. Solar Manufacturers
CPA strongly supported a previous AD/CVD case filed by Auxin Solar where the Commerce Department determined that Chinese companies operating in Malaysia, Thailand, Vietnam, and Cambodia are illegally circumventing.
CPA Statement on House Ways and Means Committee Action on Trade Bills
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.
CPA Welcomes Biden Administration Action to Protect U.S. Steel and Shipbuilding Industry from China’s Unfair Practices
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.
Pro-Growth Tariffs: Modified Economic Model Shows Domestic Growth (Updated)
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…
DMSI Rises Slightly in Q4 2023
The CPA Domestic Market Share Index (DMSI) rose slightly for both Q4 2023 and the full year last year. The U.S. trade deficit in manufactured goods came in at an…
FEATURED MEMBERS
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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
