Many countries that rely on the Chinese market have long had to swallow China’s conditions regarding trade and investment. For example, the Chinese authorities often require foreign firms making direct investments in China to form a joint venture with a local partner, rather than establish a wholly owned subsidiary. Read the article.
President Joe Biden said that he’s not ready to lift tariffs his predecessor imposed on Chinese imports, despite calls from U.S. businesses to relieve the duties. U.S. Trade Representative Katherine Tai is “working on that right now,” Biden said at a news conference Wednesday marking his first year in office. But “the answer is uncertain,” he … Read More
“History has proved time and again that confrontation does not solve problems, it only invites catastrophic consequences. Protectionism and unilateralism can protect no one, they ultimately hurt the interests of others as well as one’s own. Read the article.
“The post-Brexit EU is getting ever more protectionist, certainly with the French EU Presidency, which is pushing for a protectionist external EU ‘climate’ tariff, something that will hit EU consumers hard. “French President Macron is obviously using this to try to get re-elected, appealing to profound protectionist French instincts.” Read the article.
The second year of the Biden presidency opens with a widening realization that a Democrat-run White House is keeping Donald Trump’s protectionist trade policies: tariffs on steel, aluminum, and Chinese imports; domestic content requirements; and dim prospects for trade talks. Read the article.
Canada violated its promise to allow slightly more dairy imports by imposing unfairly complicated rules. The U.S. says Canada now has a few weeks to comply with the ruling, or face the possibility of a trade penalty such as a tariff. Canada left domestic processors in charge of allocating import permissions, known as tariff-rate quotas. … Read More
The U.S. became the world’s No. 1 exporter of liquefied natural gas for the first time ever last month, as deliveries surged to energy-starved Europe. Output from American facilities edged above Qatar in December after a jump in exports from the Sabine Pass and Freeport facilities… Read the article.
The U.S. must now roll back its countervailing duties, which are as high as 27%, on various Spanish olive producers, including Aceitunas Guadalquivir SLU; Agro Sevilla Aceitunas S. Coop. And.; and Angel Camacho Alimentacion SL, among others. Read the article.
Food imports into China from next year will have to meet new registration, inspection and labeling requirements, customs authorities said in a notice dated Dec. 13. The measures, which were first announced in April, cover a broad range of products from royal jelly to vegetable oils and infant food. Read the article.
The U.S. made an offer to Japan aimed at resolving disputes over tariffs imposed on Japanese steel and aluminum under former President Donald Trump in 2018, people familiar with the situation said. The Japanese government is currently holding out for a better deal, according to an official with knowledge of the talks. Read the article.
