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…
Senate Dems turn on Biden over tariffs on China
“I’ve fought my whole career to stand up for Ohio manufacturers and Ohio workers when they’re forced to compete with cheap, unfairly subsidized imports – I’m not going to stop…
Solar Industry’s Employment Estimates Are Out of This World
The 30,000 jobs lost figure comes from a hypothetical exercise assuming that if tariffs are imposed on Southeast Asian solar panels, the full cost of the tariffs will be passed…
U.S. ‘Constructive Rebalancing’ With China Should Include Tougher WTO, Lower Trade Gap – Ro Khanna
China “distorts the markets with blanket subsidies, illegal dumping, intellectual property theft, and currency manipulation,”’ Khanna said. “The U.S. needs to work with our allies to pursue a broad WTO…
House Ways & Means Chairman Cites CPA Study on China’s Inflation Reduction Act Benefits
Chairman Smith also said that the IRA allowed companies, namely large electric utility companies, to use its tax breaks to pay for solar products imported from SE Asia. Almost all…