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…
US Automobile Industry Faces High Sourcing Risk, Fed Study Finds
The US automobile industry faces some of the highest supply-chain risks, due to geopolitical factors and sourcing of electronic components like semiconductors, according to a new sourcing risk index from economists at…
Tariff Relief Hasn’t Helped America’s Poorest Trading Partners
For the past 50 years, the United States has provided economic assistance to dozens of countries. Central to this effort has been “trade liberalization” — the idea that the United…
Biden keeping Trump’s China tariffs despite Beijing’s plea
The United States is not going to cancel its additional tariffs imposed on Chinese goods despite Beijing’s call for their removal at recent top-level bilateral meetings in Beijing, but may…
US, EU Plan New Chinese Steel Tariffs in Bid to End Trump-Era Trade Conflict
Any new tariffs would deal a blow to Chinese steelmakers, which have been shipping increasing volumes this year due to weak demand at home. The depreciation of the yuan has…
US extends tariff exclusions on some Chinese categories till end of 2023
The import tariff exclusions include industrial components such as pumps and electric motors, some car parts and chemicals, bicycles and vacuum cleaners. The COVID-related exclusions include medical products like face…
The Global Economy’s Real Enemy is Geopolitics, Not Protectionism
“The era of free trade seems to be over. How will the world economy fare under protectionism?” What some decry as protectionism and mercantilism is really a rebalancing toward addressing…