Latest News Articles
China lambasted a World Trade Organization (WTO) ruling in a row with the United States over Washington’s measures to limit the import of solar panel cells, calling it “erroneous and dangerous.” Read the article.
“Since 2000, the U.S. trade deficit has doubled, from $370 billion to $677 trillion last year,” Ferry plans to say. “We’ve had trade deficits for 45 consecutive years, a world record…Over these 20 years, our growth rate in national income per person has been a paltry 1.18%, compared to the 3%-4% levels we saw before … Read More
The new deal also raises Canada’s duty-free level from C$20 to C$150 and the sales tax increase from C$20 to C$40. However, that only applies for U.S. goods ordered online. This solution will be profitable for Canadian customers but not for Canadian retailers. Read the article.
The Federal Circuit affirmed an agency determination that Hyundai didn’t fully cooperate with a duty review. The U.S. maintains antidumping duties on large power transformers from South Korea Read the article.
Trade remedies helped U.S. manufacturers survive being swamped by Asian overcapacity, protected domestic labor markets, and never led to the devastation and disruption the opposition warned about if imports were curtailed. Solar and steel are two cases in point and are the most well-known. Kitchen cabinets are another sector that’s expanded due to trade remedies. … Read More
“The 232 tariffs mean sustainability for us, and obviously keeps the dogs off the porch, the other countries that are illegally dumping,” said Dan Simmons, president of United Steelworkers Local 1899. Read the article.
The largest industrial union in North America is vowing to protect Canadian businesses and workers from the perils of protectionism in the United States. However, protecting your country from protectionism is still protectionism. Read the article.
President Joe Biden’s administration dashed hopes for a softer approach to the World Trade Organization by pursuing a pair of his predecessor’s strategies that critics say risk undermining the international trading system. The U.S. delegation to the WTO, in a statement Monday obtained by Bloomberg, backed the Trump administration’s decision to label Hong Kong exports … Read More
In a celebrated 2016 paper,David Autor, David Dorn and Gordon Hanson estimated that between 1999 and 2011, increased imports from China — the “China Shock” — killed 2.4 million jobs in the U.S. Those metrics also come against a continuing debate over the cost in U.S. jobs of competing with China. Read the article.
President Joe Biden’s Jan. 25 push to have federal agencies buy more from U.S. manufacturers is likely to clash with the government’s recent selection of Amazon for small-scale purchases by federal employees because Amazon increasingly is turning to overseas manufacturers, a Fortune magazine opinion piece argued. Read the article.
