The Biden administration announced plans to impose new tariffs on can-making metal imported from China, Germany and Canada. Chinese products would be subject to a levy of 122.52%. That rate partly reflects Chinese companies’ refusal to cooperate with the investigation to prove their independence from the Chinese Communist Party, an administration official said. Read the … Read More
While the Trudeau Liberals are trying to play up the spectre of Donald Trump now, the former U.S. president was no worse for Canada’s cross-border trade than the current occupant of the White House, Joe Biden. Since the election of Barack Obama in 2008, Canadian governments have been dealing with American administrations that are increasingly … Read More
Germany Interior Minister Nancy Faeser said she won’t be deterred by the high cost of removing Chinese components from the country’s 5G telecommunications network if it’s in the best interests of national security. “We will prohibit components if they pose a serious security risk,” Faeser said. “The network operators will have to act and dismantle … Read More
Some 66% of respondents said they were more likely to back a candidate in the 2024 presidential election who “supports additional tariffs on Chinese imports.” Bipartisan majorities of Americans favor more tariffs on Chinese goods and believe that the United States needs to step up preparations for military threats from the country, according to a … Read More
The dispute dates to 2018 when then-US President Donald Trump imposed a 25 percent tariff on steel and a 10 percent tariff on aluminum imported from a number of countries, including China. In December 2022, the WTO ruled that Trump’s original steel tariffs violated global trade rules. But US President Joe Biden’s administration condemned the … Read More
Senator Marco Rubio last September led a group of Florida lawmakers to push USTR to open a Section 301 investigation into seasonal produce imported from Mexico, alleging the U.S.’ southern neighbor has long engaged in an “export targeting scheme” that forced Florida seasonal farmers out of the U.S. market. USTR last October declined to open … Read More
The US already limits exports of some sensitive technologies to China, and the order “would prevent U.S. investments from helping accelerate the indigenization of these technologies” in what it called countries of concern, the White House said in a release. The order defined that as China, Hong Kong and Macau. Read the article.
Following the lead of the United States, the EU has moved to buttress its economy against over-dependence on the Chinese market with legislative measures rushed through the European Parliament to introduce strategic tariffs on raw materials and green tech in a policy Commission President Ursula von der Leyen has labeled “derisking.” Read the article.
R-CALF USA, a trade group representing U.S. cattle and sheep producers, appealed to USTR Katherine Tai for “immediate action to protect America’s lamb producers” against “unrestrained and ever-increasing importation of foreign lamb and mutton that do not meet the United States more stringent production standards.” Such imports pose an existential threat to U.S. farmers, according … Read More
By a factor of 91 in favor and only six against, the Senate voted in late July to restrict outbound investment into China advanced semiconductors and computing, as well as technologies that can have both civilian and military use. Former Treasury Secretary Larry Summers cautioned against restrictions on outbound investments to China. The Senate did not … Read More
