rejectfreeadmin India banned the import of drones, a move that effectively blocks an emerging market for China’s SZ DJI Technology Co., the world’s top dronemaker, and encourages a nascent local industry to ramp up production. Read the article.
The World Trade Organization said the U.S. violated international trade obligations in the way it imposed tariffs almost four years ago on South Korean exports of residential washing machines, according to a ruling published Tuesday. Read the article.
The bill, Import Security and Fairness Act (H.R. 6412), will narrow an import loophole, known as de minimis, that is used by non-market economies and counterfeiters to ship hundreds of millions of packages valued under $800 into the United States without inspection, information disclosure, or duty payment. Read the article.
The U.S. is setting duties on Canadian softwood lumber that would effectively lower the punitive tariffs on most producers as the long-simmering trade dispute drags on. Average preliminary anti-dumping and countervailing duties of nearly 12% will be levied on Canadian softwood lumber producers, the U.S. Department of Commerce said Tuesday in an email. Read the article.
From 2010 to 2020, there were 759 anti-dumping and 159 countervailing investigations launched against China, data showed. Among them, 87 anti-dumping and 81 countervailing investigations were filed by the United States. Despite COVID-triggered shocks, China-U.S. trade volume hit a record high in 2021, highlighting the deep economic interdependence and trade dependability between the two sides. Read … Read More
On Wednesday, a WTO arbitrator in Geneva said China can retaliate against $645 million worth of annual American exports as part of a decade-old trade dispute over U.S. anti-subsidy duties on Chinese goods. The dispute dates back to 2012, when China complained that the U.S. imposed illegal countervailing duties on about a dozen Chinese imports … Read More
As if Biden’s continuation of Trump’s trade policies wasn’t bad enough, there are at least three areas where he’s probably been even worse. Perhaps most surprisingly, Biden has expressly rejected pursuing any new free trade agreements. This moratorium thus forecloses deals started under President Obama, such as the Trans-Pacific Partnership with Japan, Vietnam, Malaysia and … Read More
Many countries that rely on the Chinese market have long had to swallow China’s conditions regarding trade and investment. For example, the Chinese authorities often require foreign firms making direct investments in China to form a joint venture with a local partner, rather than establish a wholly owned subsidiary. Read the article.
President Joe Biden said that he’s not ready to lift tariffs his predecessor imposed on Chinese imports, despite calls from U.S. businesses to relieve the duties. U.S. Trade Representative Katherine Tai is “working on that right now,” Biden said at a news conference Wednesday marking his first year in office. But “the answer is uncertain,” he … Read More
“History has proved time and again that confrontation does not solve problems, it only invites catastrophic consequences. Protectionism and unilateralism can protect no one, they ultimately hurt the interests of others as well as one’s own. Read the article.
