Italian pasta giant Rummo pleads with US to reverse ‘absurd’ 107% tariffs to avoid hiking prices
One of the 13 Italian pasta companies facing whopping 107% tariffs come January is pleading with the Trump administration to axe its plans – which could force the business to…
The True Cost of China’s Falling Prices
Beijing officials call China’s current deflationary malaise “involution” — a destructive cycle of intense, self-destroying business competition sparked by excess capacity. According to a Bloomberg News analysis, it feels even…
Pessimistic Consumers Keep Spending, Forecast To Surpass $1 Trillion
The National Retail Federation expects Americans to cross a milestone this season, with holiday sales topping $1 trillion for the first time. In the new forecast, the trade association projects…
Chinese Exports Unexpectedly Slump for First Time Since February
China’s exports contracted in October, dropping 1.1% from a year earlier, as global demand failed to offset the slump in shipments to the US. Shipments to all nations except the…
American markets: dependency yes, but free ride no
Critics of the United States (US) trade policy often argue that America is deeply protectionist. Tariffs on steel, aluminum, and Chinese imports, subsidies for farmers, and new industrial supports like…
Nucor Leaders Drop Northwest Rebar Mill Plan
Executives of steel maker Nucor Corp. have dropped their plan to build a rebar micro mill in the Pacific Northwest because they think some of the company’s other recent investments…
S Korea announces lowering of tariffs as part of new US trade deal
The US and South Korea have reached a broad trade deal, both countries have said following talks between their leaders. South Korea’s presidential aide, Kim Yong-beom, said the two sides…
Toyota plans to import US-made models to Japan
Toyota Motor is gearing up to start shipments of American-made models to Japan. The company says the imports are aimed at helping to cut the US trade deficit. Japan’s government…
American Farmers, Producers, Industry Leaders, and Lawmakers Applaud U.S. Trade Deals with Southeast Asian Countries
This week, President Trump signed Agreements on Reciprocal Trade with Malaysia and Cambodia and reached Frameworks for Agreements on Reciprocal Trade with Thailand and Vietnam. These historic deals demonstrate that…
Canada Must Face Reality: The Trump Auto Doctrine Leaves No Room for Illusions
Trump’s words are not mere political theatre. They are policy. They are a vision for an America-first industrial economy that sees even close allies like Canada as competitors rather than…