rejectfreeadmin Chinese solar manufacturers are surging after the U.S. rejected a request to investigate whether they were circumventing existing tariffs, a move that critics warned would drive up costs for clean power and escalate tensions with China. Read the article.
Protectionism and isolationism have been growing throughout the world, in what became known as the backlash against globalisation. Iinternational trade is not the only factor causing the upheaval. Society must manage the distributional consequences of structural change in a more inclusive way. Read the article.
So, does this deal represent a break from the Trumpian approach? The Hinrich Foundation’s Stephen Olson sees continuity. He points out that the deal gives the E.U. “3.3 million metric tons of annual duty-free entry [which] is well below the 4.8 million metric tons of steel the U.S. imported from the E.U. before the Trump … Read More
Instead of charging 25 percent tariffs on all steel imports, as Trump did, Biden’s deal includes a so-called “tariff-rate quota” that will allow 3.3 million metric tons of steel to be imported annually without tariffs. Once that threshold is met, the 25 percent tariffs will apply to subsequent imports. For reference, the U.S. imported nearly … Read More
The failure of the nation’s productive capacity to keep up with its needs was not inevitable. It was a choice. Over the last 30 years, experts and politicians in Washington from both parties helped build a global economic system that prioritized the free flow of capital over the wages of American workers, and the free … Read More
BlackRock is getting called out yet again on its love affair with all things China. And now, an ad campaign run by a group called the Consumers First Initiative is going to make that relationship even more famous. It’s running ads highlighting BlackRock’s support of the CCP.
The best way to begin rebuilding U.S. industry is not through more trade negotiations with foreign countries, but by taking direct action here at home to rebuild U.S. industries, even if some of those actions are inconsistent with legacy trade deals.
Right now, there are 76 container ships off the coast of Los Angeles desperate to dock and unload their cargo. There are similar problems on the East Coast as well. The cost of shipping one container from southern China to the west coast of the U.S. is now $20,000. It used to be around $3,000. … Read More
The country has literally handed over trillions of dollars of its wealth to other countries, with China getting the lion’s share. This was never supposed to be able to happen under the theory of trade espoused by economists. But it has. Read the article.
“For too long, China’s lack of adherence to global trading norms has undercut the prosperity of Americans and others around the world,” Ms. Tai said. “In recent years, Beijing has doubled down on its state-centered economic system. Read the article.
