USITC Report Shows Tariffs Boosted U.S. Production
The USITC March 2023 report showed that the Section 301 and 232 tariffs boosted production in all twelve of the industries studied. The report shows that price increases in the…
Europe Shakes Up EV Market With Clash Over Chinese Imports
The US tariff on EVs coming from China completely wipes out the 20% to 25% cost advantage China has because of lower labor costs, local suppliers and vertical integration. In…
Why Centre’s decision to reduce tariffs on American apples is creating controversy
Congress leader Priyanka Gandhi Vadra on Tuesday slammed the Centre over its decision to reduce customs duty on apples imported from the US, saying it will make import of American…
Trade Debate Changing As Tariffs Show Their Purpose
Gone are the days when free trade was the answer to everyone’s prayers. Even the International Trade Commission couldn’t run the numbers in a 2022 report on NAFTA and the…
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…