rejectfreeadmin The United States has decided to slap anti-dumping tariffs of up to 52 percent on South Korean polyethylene terephthalate (PET) sheets amid Washington’s growing protectionism, a local trade promotion agency said Friday. U.S. firms called for anti-dumping duties of between 44.45 percent and 52.39 percent on PET sheet products from South Korea. PET sheets are … Read More
China, the top producer of wheat, has been under pressure to fulfill annual grain import quotas, which include corn and rice, under WTO commitments. The country lost a dispute last year brought by the U.S. which argued the quotas were not fully utilized. Read the article.
Fred Hochberg, former chairman and president of the Export-Import Bank, and the author of Free Trade Is Not A Four-Letter Word, would have you believe (as the book title indicates) trade is not a four-letter word. However, he advocates free trade, and the word ‘free’ is, in fact, a four-letter word. Close enough.
To read the history of China analysis in the last 30 years is to be bombarded with predictions of imminent demise. Skeptics said, just poke beneath the surface, and the reality was an unsustainable bubble. Read the article.
The European Union may delay digital tax proposals to give countries move time to hammer out a deal and avert a transatlantic trade war, a top official from the bloc said. “The difficult question that we must face collectively is when is the right moment to move with Plan B,” said Benjamin Angel, Director, DG … Read More
The U.S. announced 25% tariffs on a series of French goods worth about $1.3 billion, in a long-running battle between the two countries over taxes on technology giants. “We call on the U.S. to return to the OECD negotiations on taxing digital giants,” Finance Minister Bruno Le Maire said in Brussels. “Sanctions are not a … Read More
The House and Senate parliamentarians have cleared the way for votes on a pair of resolutions to withdraw from the World Trade Organization in late July, after Congress returns from a two-week recess. Read the article.
The US has opened the door to the imposition of new tariffs on China to protect its fishing industry, especially the lobster fishermen, which it considers “the crown jewel” of the sector. Read the article.
This month marks 90 years since the US signed into law the Smoot-Hawley Tariff Act (SHTA). It was formally called “An Act to provide revenue, to regulate commerce with foreign countries, to encourage the industries of the United States, to protect American labor, and for other purposes”. Read the article.
The Chamber of Commerce and the other trade groups associated with it gussied up their plea to stop the “Buy America” mandates as being in the American interest. It’s all for the American good, they argued. But the fact is that the Chamber of Commerce does not represent America. It’s the front group for the … Read More
