Senators ask Biden administration to increase tariffs on Chinese solar panel products
Three Senate Democrats joined Sen. Marco Rubio (R-Fla.) to call for increased tariffs on imported Chinese solar panel components Tuesday. The senators cited a 2023 study indicating Chinese-made panels are…
The Trump-Biden Consensus on the Economy Is Bad for Business
Really? The Trump-Biden tariffs have resulted in record-low unemployment, wages outpacing inflation, and plentiful jobs. Corporate profits reached a record high in the third quarter of 2022. The third quarter…
Tesla CEO Musk: Chinese EV firms will ‘demolish’ rivals without trade barriers
Musk’s comments come after Warren Buffett-backed BYD – with its cheaper models and a more varied lineup -overtook Tesla as the world’s top-selling EV company last quarter, despite the U.S….
Arguments for Protectionism Are Anti-Liberty, and Evidence Free
If protectionism is anit-liberty, then so isn’t the U.S. Constitution, since it mentions “duties,” which is simply another word for tariffs – the blunt instrument tool of protectionism. More evidence…
US congress urges tariffs amid concerns over China’s chip dominance
US Congress urges the Biden administration to impose high tariffs to prevent China from flooding the country with mature process chips. US export control measures against China include restricting advanced…
UAW urges stricter tariffs ahead of USMCA review
The UAW told the Office of the U.S. Trade Representative that at the time of ratification, the group did not believe the revised version of the North American Free Trade…
Dispelling the Section 301 China Tariff-Inflation Myth
As detailed in an economic study released by Werner International in 2022, U.S. import prices for apparel from China have dropped 25 percent since 2019 and 50 percent since 2011….
Manufacturing Associations Descend on Capitol Hill to Press for Renewal of Miscellaneous Tariff Bill
“Manufacturers in the U.S. cannot afford this direct economic hit and need action to be taken as soon as possible. Passing MTB legislation will increase competitiveness, spur growth and support…
Canada challenges U.S. decision to uphold tariffs on softwood lumber under free trade deal
Canada is challenging the U.S. decision late last year to maintain duties on exports of Canadian softwood lumber, Trade Minister Mary Ng said in a statement on Wednesday, Reuters reported….
Economic View: “Tariff-Jumping Investment,” The Success Of The 2018 Washing Machine Tariffs
The 2018-2023 washing machine tariffs led to a larger, more competitive U.S.-based residential washer industry, including the creation of over 2,000 new jobs at two Korean-owned companies which opened U.S….