Instead of charging 25 percent tariffs on all steel imports, as Trump did, Biden’s deal includes a so-called “tariff-rate quota” that will allow 3.3 million metric tons of steel to be imported annually without tariffs. Once that threshold is met, the 25 percent tariffs will apply to subsequent imports. For reference, the U.S. imported nearly … Read More

The failure of the nation’s productive capacity to keep up with its needs was not inevitable. It was a choice. Over the last 30 years, experts and politicians in Washington from both parties helped build a global economic system that prioritized the free flow of capital over the wages of American workers, and the free … Read More

BlackRock is getting called out yet again on its love affair with all things China. And now, an ad campaign run by a group called the Consumers First Initiative is going to make that relationship even more famous. It’s running ads highlighting BlackRock’s support of the CCP.

The best way to begin rebuilding U.S. industry is not through more trade negotiations with foreign countries, but by taking direct action here at home to rebuild U.S. industries, even if some of those actions are inconsistent with legacy trade deals.

Right now, there are 76 container ships off the coast of Los Angeles desperate to dock and unload their cargo. There are similar problems on the East Coast as well. The cost of shipping one container from southern China to the west coast of the U.S. is now $20,000. It used to be around $3,000. … Read More

The country has literally handed over trillions of dollars of its wealth to other countries, with China getting the lion’s share. This was never supposed to be able to happen under the theory of trade espoused by economists. But it has. Read the article.

“For too long, China’s lack of adherence to global trading norms has undercut the prosperity of Americans and others around the world,” Ms. Tai said. “In recent years, Beijing has doubled down on its state-centered economic system. Read the article.

First, President Trump levied tariffs on all things Chinese (including semiconductors). Then his administration also tried to prevent exports of U.S.-made, and later of any U.S.-designed, semiconductors to China. Many of these policies have been continued by the Biden administration. Read the article.

The planned cuts will see tariffs lowered to 10% from 15% for frozen pork, 2% from 5% on corn, and eliminated for wheat from the current 3%, Tuan said. The move to boost purchases of American agricultural goods is the latest effort to improve relations. Read the article.

USTR Katherine Tai says the Biden administration is fine with China tariffs. The world has not fallen apart because of them. Recent supply chain disruptions, all of them stemming from China, will be used as a battering ram against existing China trade policies. Read the article.