Tag Archives: Department of Commerce

US 2023 National Export Strategy – Jobs Through Exports

The 2023 NES was released during the Biden-Harris Administration’s inaugural meeting of the President’s Export Council (PEC), a body that serves as the major national advisory committee on international trade. The PEC is comprised of more than two dozen leaders from the private sector, labor, and academia who provide recommendations to the President on policies and programs that affect US trade performance. It is a decidedly awakened approach in stark contrast to the job losing export killing trade war polices of the previous Administration that voters dumped four years ago. Continue reading

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First CHIPS for America Funding Applications Now Open

Awards will take the form of direct funding, federal loans, and/or federal guarantees of third-party loans. Awards are designed to complement—not replace—private investment and other sources of funding, and applicants are strongly encouraged to bring capital to the table. CHIPS for America awards will be made as soon as applications can be rigorously evaluated and negotiated. The automobile industry, of course, has been hobbled by interruptions in its supply of offshore-produced chips or semi-conductors. Continue reading

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Trade Wars: Commerce Finds Dumping, Countervailable Subsidies of Chinese and Thailand Propane Cylinders

During 2017, imports of steel propane cylinders from China and Thailand were valued at an estimated $89.8 million and $14.1 million, respectively. In addition, Commerce found that exporters from China received countervailable subsidies at rates from 37.91 to 142.37%. Continue reading

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Trump Tariffs Hurt New Auto Prices, Jobs, Consumers

NADA is worried that under a 25% tariff on all imports and parts, “consumers would see the price of the typical vehicle sold in the United States rise by $4,400. Prices of U.S.‐assembled vehicles rise due to an increase in the cost of imported vehicle parts, adding $2,270 to the price. For the typical imported vehicle, these tariffs raise consumer prices by $6,875 per vehicle.” Continue reading

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