Biden Administration Proposes Tightening Protectionist Buy American Act
Only weeks after the release of a new study quantifying the high cost of Buy American Act protectionism, the Biden administration has decided the law isn’t protectionist enough. At least…
Chinese EV Makers See EU Sales Slump as Tariff Row Deepens
Chinese electric-car makers lost ground in Europe for a third straight month, in the latest sign that the move toward higher import tariffs is hurting sales. SAIC Motor Corp.’s MG…
Tariffs are back in the spotlight, but skepticism of free trade has deep roots in American history
Back in the late 18th century, the Founding Father Alexander Hamilton helped put in place a set of policies designed to encourage U.S. industry and to promote economic development and…
Customs Admits Yet Again That De Minimis Is Loaded With Fake Goods, And Banned Goods
De minimis, a customs rule that allows for duty free shipment and minimal inspection if the overseas vendor claims the value is under $800, is a haven for contraband, whether…
Final Increased Tariffs Announced in Response to U.S. Trade Representative Review of Chinese Imports
Section 301 tariffs will increase for specific imports, to between 25% to 100% beginning Sept. 27, 2024, with other rates scheduled to increase in 2025 and 2026 for Chinese-origin semiconductors,…
How Tariffs Benefit the Working Class and Reduce Income Inequality
According to the Institute for Fiscal Studies, “Evidence from Europe and the United States shows that trade has increased inequality not just between workers of different skill levels, but also…
Protectionism or Fairness? EU Targets China EVs
The proposed tariffs, introduced in June, were rooted in claims that Chinese electric vehicles benefit from state subsidies, giving them an unfair edge over European manufacturers. China, however, has staunchly…
Economic View: Tariffs Done Right Can Rebuild Our Economy
Tariffs can play an important role in rebuilding our manufacturing base, if they are done right. We said in a study published in July that so-called “universal” tariffs of 10%…
UK steel industry calls for protectionist measures over glut driven by China
UK Steel, a lobby group, said the global industry has 543m tonnes of excess steel, 70 times more than the UK uses each year, in analysis published on Monday. It…
US trade representative defends tariffs on China
US Trade Representative Katherine Tai defended stiff tariff hikes against countries such as China, saying that paired with investment, they were a “legitimate and constructive” tool for reinvigorating domestic industries….