Hyundai loses transformer duty appeal
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.
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.
President Joe Biden’s administration dashed hopes for a softer approach to the World Trade Organization by pursuing a pair of his predecessor’s strategies that critics say risk undermining the international trading system. The U.S. delegation to the WTO, in a statement Monday obtained by Bloomberg, backed the Trump administration’s decision to label Hong Kong exports … Read More
In a celebrated 2016 paper,David Autor, David Dorn and Gordon Hanson estimated that between 1999 and 2011, increased imports from China — the “China Shock” — killed 2.4 million jobs in the U.S. Those metrics also come against a continuing debate over the cost in U.S. jobs of competing with China. Read the article.
President Joe Biden’s Jan. 25 push to have federal agencies buy more from U.S. manufacturers is likely to clash with the government’s recent selection of Amazon for small-scale purchases by federal employees because Amazon increasingly is turning to overseas manufacturers, a Fortune magazine opinion piece argued. Read the article.
The new president is doubling down on the counterproductive “Buy American” mandate, which even The Washington Post observes is “awful economics.” That’s correct. Among other things, “Buy American” provisions force the government to pay more for the services and goods it buys, thus increasing taxes or borrowing, which results in less money available in the private … Read More
The ‘Buy American’ strategy has always been more than walking into a store, looking at products on the shelves, and hoping that store offers made in the USA merchandise. Many small companies make products in America that aren’t on the shelves of big-box stores or on Amazon that deserve our consumer support. Read the article.
Ant Group, a tech giant, is going public at home in China and not in the US. Yet while China’s economy is huge, its progress is dampened by protectionism from abroad. Watch the video. Read the article.