US trade chief Tai lauds Canada’s steep new tariffs on Chinese EV, metals
“We share Canada’s concerns over the PRC’s unfair, non-market policies and practices and its failure to uphold labor rights, enforce environmental protections, and promote fair, market-oriented competition,” Tai said, using…
‘Turn the dial up’: Kevin O’Leary calls for bringing the heat against China to ‘blowtorch temperature’
“This is basically a fight with China to get to a level playing field in trade,” he told FOX Business’ Stuart Varney on Monday, as he addressed former President Donald…
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…