Sunak warns against ‘blanket’ protectionism to counter China
he UK is taking a more “targeted and specific” approach in areas where China poses the greatest threat to its economic security, Sunak told the London Defence Conference on Tuesday…
China’s Micron Ban Spurs Demands for Action From US Lawmakers
Representative Mike Gallagher, a Wisconsin Republican who leads a China-focused congressional committee, wants Changxin Memory Technologies, Inc. placed on a blacklist that effectively bars dealings with American firms. Gallagher wants…
Imperial Protectionism: U.S. Foreign Policy for the Middle Class
Overdependence on the global market, Sullivan suggests, became the enemy, a point accentuated by the global pandemic, the disruptions in supply chains, the Ukraine war, and a changing climate. Echoing…
China MFN Repeal Would Generate $198 Billion for U.S. Taxpayers
Most goods imported from China have currently zero or a very low tariff levied on them. The weighted average of last year’s imports was 2.5% under MFN. The tariff rate…
Spain’s Premier to Ask Biden to Drop Trump-era Olive Tariffs
Spain, the world’s top olive producer, has demanded that Washington lift the anti-subsidy duties, which a World Trade Organization trade panel deemed illegal in 2021. Spanish olive exports to the…
Post PNTR: 3.8 million Jobs Lost Due to China
The trade deficit with China has cost the U.S. 3.82 million jobs since 2001. Three-quarters of the job loss is concentrated in manufacturing, a total of 2.89 million manufacturing jobs…
Economic Conference Asks “What Would (Alexander) Hamilton Do?”
“Hamiltonian economics” is based on protecting and promoting American industry and commerce through government intervention. Hamilton believed that a strong domestic economy was necessary for the success and security of…
Chinese Foreign Minister urges strategic independence, security cooperation
Chinese State Councilor and Foreign Minister Qin Gang on Friday called on member states of the Shanghai Cooperation Organization (SCO) to uphold strategic independence and deepen security cooperation. The more…
India is a bright spot for growth, aided by domestic consumption
Albert Park, chief economist Asian Development Bank, flagged the use of production-linked incentives (PLI) scheme for attracting investments as protectionist, stating India should consider policies that avoid direct subsidies. India…
Canada has nothing to fear from U.S. protectionist rhetoric, envoy to Ottawa insists
“So I want to take this opportunity to be clear, to be absolutely clear: America is not pursuing protectionist trade policies, and any intimation that these programs and legislation are…