Economic View: Leading Economists Turn Against Free Trade – “A Flawed Game”
Economists have enjoyed significant influence over U.S. economic policy since the Great Depression. In Bill Clinton’s presidency (1993-2000), economist influence may have reached a peak. With Larry Summers and Bob…
Multiple Chinese companies report worsening EU business environment
About 33 percent of Chinese companies surveyed reported a deterioration in the business environment within the European Union in 2023, according to a report released by China’s top foreign trade…
Speer: Protectionism’s Persistent Misunderstandings
Drs. Glynn Tonsor (Kansas State University) and Derrell Peel (Oklahoma State University)implore their readers to be discerning students of the trade data influencing their business, sifting out the noise and meaningless talking points…
China’s Prices Are Just Too Low for Buyers to Sweat About Tariffs
China can withstand any new tariffs the world throws at it – even the punitive ones Donald Trump is planning if he wins a second presidential term – because its prices are…
Foreign trade set to stay resilient this year
China’s foreign trade, buoyed by the steady upturn of the domestic economy and an improved trading structure increasingly driven by high-tech and green products and export market diversification, will continue…
Biden wants to triple China tariffs on steel, aluminum imports
Biden’s demand to raise the current 7.5% average tariff on steel and aluminum is an effort to make clear that his administration’s recent warnings about China’s trade practices are not…
Brazil Rebuffs US Pressure to Abandon Tariffs on Ethanol Imports
Brazil will maintain tariffs on US ethanol imports despite “tough” complaints from the Biden administration, said Agriculture Minister Carlos Fávaro. “We cannot risk making things more precarious for Brazilian producers,” Fávaro…
Biden’s Trade Moves Raise Tensions Abroad but Draw Cheers in Swing States
The president’s efforts to restrict Chinese imports and block a Japanese steel merger have pleased labor unions and sent a message to rival Donald J. Trump. The politics behind Mr….
Free trade flaws fueled Trump’s rise in 2016 — and the problems remain, top economist says
Decades of trade deficits and a strong dollar created too many “losers” in the U.S. economy who turned to Donald Trump’s protectionist policies, according to Richard Koo, chief economist at…
US, EU economic system struggling to ‘survive’ against China, US trade chief warns
In a briefing in Brussels just hours before the two-day EU-US Trade and Technology Council (TTC) got underway in nearby Leuven, US trade representative Katherine Tai said that Beijing’s “non-market”…