“The amount of money that China is pouring into subsidizing what will be an excess capacity of mature chips and legacy chips, that’s a problem that we need to be thinking about and working with our allies to get ahead of,” Raimondo said Wednesday at a panel hosted by the American Enterprise Institute. The United … Read More
Historically, countries have resorted to policies including high tariffs and state subsidies for domestic firms to bolster their industrial capacities when great power rivalry deepens. This trend is reinventing itself in numerous sectors, from chips to rare earths, and is likely to continue. As early as the 19th century, German-American economist Friedrich List claimed that Germany … Read More
It is simply untrue that a hike in aluminum tariffs will result in a price hike, as a hike in steel tariffs ultimately resulted in lower steel prices. But, according to the article: The Commerce Department and the International Trade Commission are considering a petition that would impose tariffs of up to 300 percent on … Read More
Yellen says lifting China tariffs premature. “‘The tariffs were put in place because we had concern with unfair trade practices on China’s side — and our concerns with those practices remains,’ she said. ‘So perhaps over time this is an area where we could make progress, but I would say it’s premature to use this as … Read More
“Granting China MFN status was a mistake, and we applaud Congressman Banks and Senator Hawley for introducing legislation to remedy it,” said CPA Chairman Zach Mottl. “Supporters of granting China MFN status wrongly predicted that the CCP would become more open, democratic, and free market oriented.” Read the article.
Another free trader who think the views of Adam Smith should direct trade policy for the U.S. He refuses to acknowledge that when George Washington signed the Tariff Act of 1789, it imposed a tariff of 5 percent on the majority of dutiable imports for “the encouragement and protection of manufacturing in America.” Read the … Read More
The article states “the burden of proof is on protectionists to justify government-erected obstacles and not on free traders to justify keeping commerce free.” This is not true. The U.S. Constitution says we are To regulate commerce with foreign Nations and that Duties, Imposts and Excises shall be uniform throughout the United States. The term “free … Read More
Apparently, this writer thinks President Biden’s trade stance is even more protectionist than former President Trump’s. If free traders think our trade policies are increasingly more protectionist, we should be encouraged as even more national economic prosperity is around the corner. Read the article.
The House FY 2024 NDAA contains A provision prohibiting American taxpayer funds to be used for research in or in connection with China, but failed to include an amendment that prohibits the retirement savings of all federal employees, including Members of the Armed Forces, from being invested in China. Read the article.
“Anyone who listens to China knows with what self-confidence it will decisively influence the development of our world — more repressive at home and more offensive abroad,” Baerbock said. “China has changed and so our China policy must change too.” It noted that “whereas China’s dependencies on Europe are constantly declining, Germany’s dependencies on China … Read More
