Hike tariffs on Chinese EVs, Senate Democrats urge Biden administration
Three Senate Democrats from auto manufacturing states on Thursday urged the Biden administration to hike import tariffs on Chinese electric vehicles to address national security risks, the latest push by…
EU moves to slap retroactive tariffs on electric vehicles from China
Electric vehicles made in China must be registered with customs authorities in the European Union from Thursday as the bloc looks to apply retroactive tariffs from its ongoing probe into subsidies in the Chinese…
Republican senator Rubio proposes new $20,000 tariff on Chinese vehicles
Marco Rubio, the top Republican on the Senate Intelligence Committee, said the legislation is aimed at preventing China “from flooding U.S. auto markets.” Senator Rubio is also proposing legislation to…
From hyper-globalisation to slowbalisation
Over recent years, a notable shift has been observed in the global economic and cultural exchange trajectory, marking a departure from the rapid pace of globalisation towards what is increasingly…
No end to US trade war with China, Biden administration pledges in policy document
The 2024 Trade Policy Agenda and 2023 Annual Report to Congress released by the office of US Trade Representative Katherine Tai, sought continued action against “harms wrought” by what it…
Hawley’s bill to increase tariffs on Chinese autos by 125 percent
The Protecting American Autoworkers from China Act would, increase the base tariff rate of auto imports from China to 100 percent, for a total tariff of 125 percent on all…
Trump could impose universal tariff on Day 1: ex-U.S. trade official
Former U.S. President Donald Trump would be able to implement a sweeping tariff on nearly all imported products upon taking office if he is elected again, former senior trade official…
Ordering from Shein or Temu? Those imports might not stay duty-free forever
Two U.S. senators looking to crack down on the number of packages from China that enter the U.S. duty-free are calling on President Biden to take executive action, saying domestic manufacturers can’t…
Paramount clothing company executive gets 4 years in prison for scheme to underpay tariffs on imports
Mohamed Daoud Ghacham, 40, was sentenced and ordered him to pay nearly $6.4 million in restitution, according to the U.S. Attorney’s Office. Ghacham’s company, Ghacham Inc., which does business under…
Nobel Laureate Paul Romer Says Free Trade Hurts the Vulnerable
While foreign investment and the flow of ideas are important to stoking growth and innovation, there is a role for tariffs and subsidies on goods trade and production in order to ensure…