rejectfreeadmin First, President Trump levied tariffs on all things Chinese (including semiconductors). Then his administration also tried to prevent exports of U.S.-made, and later of any U.S.-designed, semiconductors to China. Many of these policies have been continued by the Biden administration. Read the article.
The planned cuts will see tariffs lowered to 10% from 15% for frozen pork, 2% from 5% on corn, and eliminated for wheat from the current 3%, Tuan said. The move to boost purchases of American agricultural goods is the latest effort to improve relations. Read the article.
USTR Katherine Tai says the Biden administration is fine with China tariffs. The world has not fallen apart because of them. Recent supply chain disruptions, all of them stemming from China, will be used as a battering ram against existing China trade policies. Read the article.
China lambasted a World Trade Organization (WTO) ruling in a row with the United States over Washington’s measures to limit the import of solar panel cells, calling it “erroneous and dangerous.” Read the article.
“Since 2000, the U.S. trade deficit has doubled, from $370 billion to $677 trillion last year,” Ferry plans to say. “We’ve had trade deficits for 45 consecutive years, a world record…Over these 20 years, our growth rate in national income per person has been a paltry 1.18%, compared to the 3%-4% levels we saw before … Read More
The new deal also raises Canada’s duty-free level from C$20 to C$150 and the sales tax increase from C$20 to C$40. However, that only applies for U.S. goods ordered online. This solution will be profitable for Canadian customers but not for Canadian retailers. Read the article.
The Federal Circuit affirmed an agency determination that Hyundai didn’t fully cooperate with a duty review. The U.S. maintains antidumping duties on large power transformers from South Korea Read the article.
Trade remedies helped U.S. manufacturers survive being swamped by Asian overcapacity, protected domestic labor markets, and never led to the devastation and disruption the opposition warned about if imports were curtailed. Solar and steel are two cases in point and are the most well-known. Kitchen cabinets are another sector that’s expanded due to trade remedies. … Read More
“The 232 tariffs mean sustainability for us, and obviously keeps the dogs off the porch, the other countries that are illegally dumping,” said Dan Simmons, president of United Steelworkers Local 1899. Read the article.
The largest industrial union in North America is vowing to protect Canadian businesses and workers from the perils of protectionism in the United States. However, protecting your country from protectionism is still protectionism. Read the article.
