President Trump recently announced tariffs on imported steel at 25 percent and tariffs on imported aluminum at 10 percent. As predicted, free trade advocates instantly warned of global catastrophe, foreign retaliation, a trade war, and another Great Depression similar to the 1930s. Simply put, these predictions of gloom and doom amount to absolutely nothing. Read … Read More
American companies that want to export to India face significant trade barriers (including high import tariffs). According to the most recent data from the World Trade Organization (WTO), the average “bound” tariff rate is about 48 percent (a “bound” rate means the WTO doesn’t normally allow this rate to go any higher). However, many tariff … Read More
Ford CEO Mark Fields said the company would spend $700 million and add 700 jobs to “transform and expand” its Flat Rock, Mich. manufacturing plant to make autonomous and electric vehicles. “Make no mistake about it — Ford is a global automaker but our home is right here in the United States,” Fields said at … Read More
Despite G20 commitments last week to avoid protectionist measures, European Union authorities on Tuesday (7 April) agreed to impose anti-dumping taxes of up to 50 percent on Chinese-made candles sold in the EU. The duties were imposed in November last year on a temporary basis following complaints from European candle producers. They say they are … Read More
