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…
US steel industry urges further support for Leveling the Playing Field 2.0 Act
“Predatory pricing, state subsidies and other unfair trade practices have distorted global markets, allowing countries such as China to dump cheap steel in the US markets, undercutting the domestic procedures,…
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…
Most GOP lawmakers support Biden tariffs on imports from China
Nearly half of top congressional staffers say their boss supports the Biden administration slapping tariffs on electric vehicles, solar panels, medical supplies, semiconductor chips and other products made in China….