US Trade Deficit Narrowed Last Year by the Most Since 2009
The value of imports fell 3.6%, while exports of goods and services increased 1.2% to a record high. US petroleum surplus climbs to record $30.1 billion. Capital goods, consumer goods,…
Trade Commission Rejects Tariffs on Steel For Food Cans
The International Trade Commission shot down a push by steelmaker Cleveland-Cliffs and the United Steelworkers union seeking tariffs on imported steel used for cans. Cleveland-Cliffs and the union petitioned the…
US Solar Manufacturing Climbed During Tariffs, Trade Panel Finds
“The safeguard measure has resulted in positive industry adjustments in terms of significant expansion and investment in domestic CSPV module manufacturing and announced plans to restart domestic CSPV cell manufacturing,”…
US Solar Boom Opens $2 Billion Indian Door to Banned Products From China
US efforts to promote the expansion of India’s solar industry may have opened a back door to components made with forced labor in China. India’s largest solar producer, Waaree Energies…
Tesla Urges Increased Tariffs on Chinese Electric Vehicles to Prevent Competitive Disruption
Tesla CEO Elon Musk has urged for increased tariffs on Chinese electric vehicles (EVs) in order to protect the global car industry from the competitiveness of China’s EV market. Musk…
Arkansas catfish farmers fear tariff change to foreign fish
The proposed reduction is 94% less than what the import tax is now. The move is the latest turn of a catfish war dating back to just before the turn…
Senators ask Biden administration to increase tariffs on Chinese solar panel products
Three Senate Democrats joined Sen. Marco Rubio (R-Fla.) to call for increased tariffs on imported Chinese solar panel components Tuesday. The senators cited a 2023 study indicating Chinese-made panels are…
The Trump-Biden Consensus on the Economy Is Bad for Business
Really? The Trump-Biden tariffs have resulted in record-low unemployment, wages outpacing inflation, and plentiful jobs. Corporate profits reached a record high in the third quarter of 2022. The third quarter…
Tesla CEO Musk: Chinese EV firms will ‘demolish’ rivals without trade barriers
Musk’s comments come after Warren Buffett-backed BYD – with its cheaper models and a more varied lineup -overtook Tesla as the world’s top-selling EV company last quarter, despite the U.S….
Arguments for Protectionism Are Anti-Liberty, and Evidence Free
If protectionism is anit-liberty, then so isn’t the U.S. Constitution, since it mentions “duties,” which is simply another word for tariffs – the blunt instrument tool of protectionism. More evidence…