Foreign trade set to stay resilient this year
China’s foreign trade, buoyed by the steady upturn of the domestic economy and an improved trading structure increasingly driven by high-tech and green products and export market diversification, will continue…
Biden wants to triple China tariffs on steel, aluminum imports
Biden’s demand to raise the current 7.5% average tariff on steel and aluminum is an effort to make clear that his administration’s recent warnings about China’s trade practices are not…
Brazil Rebuffs US Pressure to Abandon Tariffs on Ethanol Imports
Brazil will maintain tariffs on US ethanol imports despite “tough” complaints from the Biden administration, said Agriculture Minister Carlos Fávaro. “We cannot risk making things more precarious for Brazilian producers,” Fávaro…
Biden’s Trade Moves Raise Tensions Abroad but Draw Cheers in Swing States
The president’s efforts to restrict Chinese imports and block a Japanese steel merger have pleased labor unions and sent a message to rival Donald J. Trump. The politics behind Mr….
Free trade flaws fueled Trump’s rise in 2016 — and the problems remain, top economist says
Decades of trade deficits and a strong dollar created too many “losers” in the U.S. economy who turned to Donald Trump’s protectionist policies, according to Richard Koo, chief economist at…
US, EU economic system struggling to ‘survive’ against China, US trade chief warns
In a briefing in Brussels just hours before the two-day EU-US Trade and Technology Council (TTC) got underway in nearby Leuven, US trade representative Katherine Tai said that Beijing’s “non-market”…
Gas, Eggs, And Airline Tickets Rose Over 30% During Inflation Spike. Tariffs Had Nothing To Do With It.
“The dirty little secret of international trade economics is that moderate tariff rates” don’t have huge price effects, Krugman said on Bloomberg Television’s Wall Street Week with David Westin before…
More than half of voters support slapping 10 percent tariffs on all imports
A majority of voters say they support slapping a 10 percent tariff on all imports, according to an exclusive new poll, in a boost to President Donald Trump’s plan for…
Yellen Warns China’s Industry Ramp-Up Is Distorting World Economy
Speaking to reporters after the event, Yellen declined to say whether the Biden administration was prepared to threaten Beijing with retaliatory trade actions if China doesn’t reduce its subsidies. “It’s…
More Americans trust Trump on trade than Biden, but split on China: Survey
More Americans trust former President Trump’s approach to trade than President Biden’s but are split on their approach to tariffs on China, according to a new survey. The YouGov poll, released…