Trina Solar To Set Up US Plant To Hedge Against Tariff Risks
Trina Solar, which has come off a record H1 in revenues and profits, has decided to spend $200 million on a solar plant in Texas. The move comes even as…
Model Shows That Universal 10% Tariff Would Improve Incomes, Output And Jobs
Our simulation finds that the tariff change would increase economic growth and create opportunity for Americans through increasing incomes and job creation. Under the proposal, real household incomes would increase…
USITC Report Shows Tariffs Boosted U.S. Production
The USITC March 2023 report showed that the Section 301 and 232 tariffs boosted production in all twelve of the industries studied. The report shows that price increases in the…
Europe Shakes Up EV Market With Clash Over Chinese Imports
The US tariff on EVs coming from China completely wipes out the 20% to 25% cost advantage China has because of lower labor costs, local suppliers and vertical integration. In…
Why Centre’s decision to reduce tariffs on American apples is creating controversy
Congress leader Priyanka Gandhi Vadra on Tuesday slammed the Centre over its decision to reduce customs duty on apples imported from the US, saying it will make import of American…
Trade Debate Changing As Tariffs Show Their Purpose
Gone are the days when free trade was the answer to everyone’s prayers. Even the International Trade Commission couldn’t run the numbers in a 2022 report on NAFTA and the…
Trump plans harsher trade and tax policies for his 2024 comeback bid
Trump argued in a recent letter to the Wall Street Journal that criticisms like Murphy’s are “debunked talking points from corporate-funded studies about our tariffs’ alleged impact.” Jacking up tariffs…
India lifts tariffs on apples, peas, lentils
Tariffs on American apples, peas and lentils imposed by the Indian government in 2018 were lifted Wednesday, following an agreement between the U.S. and India announced in June. The 20%…
GAO report cites U.S. failure to collect some aluminum and steel tariffs
The GAO report estimates importers might owe about $32 million in duties because of invalid use of Section 232 exclusions as of Nov. 10, 2021. The analysis showed that during…
Statement by Secretary Vilsack Regarding India’s Reduction In Tariffs on Agricultural Products
“While important progress has been made, significant tariff and nontariff barriers to American agricultural products accessing the Indian market remain. Today’s announcement, leading into President Biden’s participation in the G20…