Tariff policy: The balancing act
Trade policy is a complete framework of relevant rules, regulations, stances and deals that need a supportive tariff policy. The objectives and goals of the tariff policy are clearly defined and…
Imports from China fueling U.S. renewable diesel ambitions as demand climbs
U.S. imports of animal and vegetable oils and fats from China totaled nearly $290 million in the first six months of 2023, soaring from around $1 million in all of…
Korea sees limited impact from Mexico steel tariff hike
Steel tariffs on South Korean products would be raised to 25pc from the current 10pc, Motie said. The economy ministry listed higher tariffs for 392 products from countries with which…
Trump says he’ll impose huge new tariffs if elected in 2024
“I think when companies come in and they dump their products in the United States, they should pay automatically, let’s say a 10% tax,” he told Fox News on Thursday….
Canada to seek judicial review of latest U.S. decision on softwood lumber duties
In Canada, lumber-producing provinces set so-called stumpage fees for timber harvested from Crown land, a system that U.S. producers — forced to pay market rates — say amounts to an…
US lifts controls on some China firms ahead of Raimondo trip
The US Department of Commerce on Monday removed the Chinese entities — such as chemical firm and lithium battery material maker Guangdong Guanghua Sci-Tech Co., and sensor maker NanJing GOVA…
WTO backs US in challenge of China’s retaliatory tariffs
The World Trade Organization ruled Wednesday that China violated its trade agreements when it placed tariffs on U.S. exports in retaliation for steel and aluminum duties imposed by the Trump…
Donald Trump calls India ‘tariff king’, says would impose reciprocal tax if voted to power
During his first term as the US president, Trump described India as a “tariff king” and in May 2019, terminated India’s preferential market access — Generalised System of Preferences (GSP)…
American Workers Want Almost $79,000 Salary to Start a New Job
The average reservation wage – the lowest annual pay that workers would accept to take a new job – increased to $78,645 in July. That’s up from about $72,900 a…
US Department of Commerce slaps tariffs on solar companies for dodging China duties
The Department of Commerce (DOC) announced Friday that subsidiaries of Chinese companies BYD, Trina Solar, Vina Solar and Canadian Solar were dodging U.S. tariffs on Chinese solar cells and panels…