Biden Administration Drops The Ball On Mexico’s Steel Surge
Mexico’s shipments to the U.S. of steel made elsewhere have risen dramatically since then, reaching an astounding 472% above the levels set in 2019. This year, Mexican steel imports are…
US nearly doubles Canadian softwood lumber tariff
Canadian officials have expressed disquiet after the US nearly doubled the tariff on softwood lumber imports from Canada, raising it to 14.54%, a sharp increase from the previous rate of…
Swedish EV maker Polestar starts U.S. production, avoiding heavy tariffs
Swedish electric-vehicle (EV) maker Polestar moved one step further in avoiding major tariffs imposed on Chinese-made cars on Wednesday when the automaker said it began production of its Polestar 3…
Biden Administration Doubles Tariff-Free Solar Cell Import Quota
The Biden Administration has more than doubled the volumes of solar cell imports that would be allowed to enter the United States tariff-free to help solar module producers relying on…
U.S. Aluminum Industry Undermined By Dumping, Import Flood, And Trade Agreement Violations
Aluminum imports into the U.S. have surged in recent years, with some product categories seeing a 380% increase since 2015. Many countries have already been found guilty of dumping aluminum…
New Bill Aims to Close E-Commerce Tariff ‘Loophole’ Benefiting Shein and Temu
“Chinese companies continue to abuse U.S. trade laws,” said Republican Sen. Susan Collins of Maine, one of the bill’s co-sponsors, in a press release. “It is necessary that we tighten…
China’s foreign trade up 6.2% to hit new record in first 7 months, defying West’s protectionist measures
The positive trade momentum in July is bolstered by a range of factors, including growing overseas demand amid looming global interest rate cut cycle. The 2024 Paris Olympic Games have…
US probes more Chinese products, in latest sign of its growing protectionism
On Monday, the US Department of Commerce announced anti-dumping tariffs between 21.77 percent and 218.15 percent on more than a dozen Chinese companies for exports of glass wine bottles to…
Steel, Aluminum Makers Push Trudeau Government on China Tariffs
Steel and aluminum producers in Canada are urging Prime Minister Justin Trudeau’s government to swiftly impose new tariffs on Chinese products, saying metals from the Asian powerhouse are flooding the…
How Budget Deficits Grow Due To Trade Deficits
Excessive imports siphon demand for goods and services away from American producers and drive the government to run a budget deficit to cover that gap. This shortfall in demand in…