“Ever since Biden was elected, the trade community had hoped for a reversal of the Trump-era trade tariffs,” said Ashley Craig, a D.C.-based international trade lawyer at Venable LLP, in an interview this week. But his prediction for 2024 is that “the president’s not going to substantially modify the current status on US-Sino trade relations … Read More
As typical, in this article, free traders distort the pro-tariff (protectionist) point of view to make their fatally flawed logic look more sane. The article says: “Economists know that international integration creates winners and losers. But we do not fully understand why the ‘losers’ so often set the policy agenda. This column argues that economists … Read More
The point is that if the U.S. steel companies are not profitable, they cannot afford to undertake such measures to reduce their carbon footprint. China will not reduce its greenhouse gases by one-third until 2030, so if we had allowed the U.S. steel industry to die and rely on China instead, climate goals would have … Read More
Canadian Solar Inc. is planning to open a manufacturing plant in Thailand after US regulators concluded the company was evading import tariffs on Chinese components. Canadian Solar is based in Guelph, Ontario, but most of its production is in Asia. It was one of five companies singled out by the US Commerce Department in August for … Read More
A bipartisan group of U.S. lawmakers want the Biden administration to hike tariffs on Chinese-made vehicles and investigate ways to prevent Chinese companies from exporting to the United States from Mexico Alliance for Automotive Innovation CEO John Bozzella said in June proposed U.S. environmental regulations could let China gain “a stronger foothold in America’s electric … Read More
“This victory was made possible by corn growers across the country who spoke out against these duties as they faced skyrocketing fertilizer prices and product shortages at the behest of The Mosaic Company,” said NCGA President Harold Wolle. “While the best duty on fertilizers is no duty at all, we are nonetheless thrilled that corn … Read More
For decades, the U.S. and other Western countries sought to make China both a partner and a customer in a single global economy led by the richest nations. Now trade and investment flows are settling into new patterns built around the two competing power centers. More than one-third of U.S. companies surveyed by the U.S. … Read More
The best example is that of the US, which is increasingly adopting protectionist measures that discriminate against foreign firms. This use of interventionist measures to strengthen national players by discriminating in their favour is often interpreted as a retreat from neoliberalism. Neoliberalism, in this view, is defined as an adherence to market fundamentalism, in which … Read More
“A global recession, the resurgence of nationalism, fears for the environment, the Covid crisis and growing geo-political tensions have resulted in the re-emergence of trade barriers and toxic international relations,” the book’s publisher said in a press release. “Fragmented, localised, fractured…globalisation, if not completely dead, is on life support.” Read the article.
Republican Senator J.D. Vance blamed a shortage of amoxicillin (a common treatment for ear infections) on free trade and has used it to issue calls for “reshoring.” Secretary of the Treasury Janet Yellen has endorsed protectionist policies in the name of “economic” and “national security.” Protectionism, they say, is necessary to shore up American supply … Read More
