Trade Commission Extends Tariffs on Spanish Black Olives
United States trade officials marked the fifth anniversary of tariffs on some Spanish table olive imports by voting unanimously to extend them. A four-member panel of the U.S. International Trade…
Currency Misalignment Effects Far Outweigh The Effect Of Tariffs: Subsidizing Imports And Penalizing U.S. Exports
The latest CPA Currency Misalignment Monitor for July 2024 found that the U.S. Dollar (USD) is overvalued by 16.9%, based on the latest monthly exchange rates. This overvaluation of the…
Economists aren’t finding easy answers for the new era of free trade
Throughout the post-war era, their guiding principle has been that the gains from trade outweigh the costs. But some prominent economists are reconsidering this premise in light of problems that…
Senators float bills to address Chinese mineral dependence
A bipartisan group of senators introduced legislation Thursday to address China’s global minerals dominance. The broad bill — led by Senate Intelligence Chair Mark Warner (D-Va.) and ranking member Marco…
China’s Auto Sector Is Moving To Mexico; 29 New Manufacturing Plants Set Up Since June 2022
The United States-Mexico-Canada (USMCA) Free Trade Agreement is fast becoming a free trade agreement for the world, whereas any multinational with a presence in Mexico can set up shop and…
US Targets China With Tariffs on Steel, Aluminum Sent Via Mexico
Aluminum cast or smelt in China, Russia, Iran or Belarus that arrives via Mexico will face a 10% tariff, she said. The measures take effect Wednesday. The moves, made jointly…
EU Set to Impose Tariffs on Temu and Shein Goods from China
The European Commission is reportedly gearing up to impose tariffs on inexpensive goods originating from China, as reported by the Financial Times, citing insider sources. Under current regulations, items valued…
Asia is set to embrace protectionism in face of China’s overcapacity
Protectionism against low-cost Chinese imports has so far been a Western phenomenon, with Asia largely a bystander. This is about to change. Among emerging market economies, Turkey imposed a 40%…
Indonesia Plans up to 200% Tariffs on Chinese Goods
Indonesia will soon impose import tariffs of up to a 200% on Chinese goods “to mitigate the effects of the ongoing trade war between China and the United States,” according…
Trump is serious about using tariffs to counteract unfair trade practices, says Clete Willems
Kimberly Clausing, UCLA School of Law economist and professor, and Clete Willems, former Trump National Economic Council deputy director, join ‘Squawk Box’ to discuss how likely Trump’s tariff strategies will…