The ongoing Russian-Ukraine war and the unprecedented sanctions the United States and its allies have imposed on Russia could bring the world economy back to 1914, which signaled the end of early globalization and the revival of national and regional conflicts. Read the article.
When I asked for a level playing field, everybody thought this was a euphemism for protection. All we were saying was that the government should enable us to face foreign competition. Nobody listened to me, not from the media or anybody else.’ Read the article.
An overvalued dollar was highlighted as one of the main reasons why tariffs have failed to reduce trade imbalances with China. Members of the U.S. China Economic and Security Review Commission got a crash course in market access charges on Thursday. Read the article.
This writer says that sanctions and protectionism are ONLY (as in nobody else) hurting Americans: “Sanctions and trade protectionism, which may gain short-term political gain, are only hurting Americans in the long term.” Read the article.
“The tariffs have certainly worked,” Roberto Magnaghi, director of Italy’s national rice agency, told Asia Times in January. In 2019, the EU slapped what were ostensibly protectionist tariffs on imports of certain types of rice from Cambodia and Myanmar after protests from farmers in Italy and Spain. Read the article.
“What we have learned during the pandemic and the conflict that is going on in Ukraine is how important it is to be self-sufficient in producing our steel, how important it is that we’re investing in this industry and that we’re investing in the American steelworker and all the contractors that are providing the support … Read More
The Coalition for a Prosperous America (CPA) today applauded Senate Finance Committee Chair Ron Wyden (D-OR) and Senate Finance Committee Member Rob Portman (R-OH) for releasing a discussion draft of legislation to disallow Foreign Tax Credits for companies that pay taxes to the Russian government, and other tax benefits. Read the article.
The weaponization of interdependence has led some to forecast deglobalization. To some extent, this trend has been accelerating since the pandemic began, and now, with the sanctions response to the Ukraine war, more so. Read the article.
U.S. trade chief Katherine Tai said it’s time to forget about changing China’s behavior and instead focus on rebuilding the U.S. industrial manufacturing base and making domestic investments to counter the Asian nation. Read the article.
The U.S. is exporting more diesel than it has in years as buyers in Europe and Latin America vie to secure supplies that have tightened since Russia’s invasion of Ukraine. Waterborne diesel exports out of the U.S. Gulf Coast have climbed to 1.04 million barrels per day so far this month, on track to hit the … Read More
