Trudeau Envoy Labels China ‘Increasingly Disruptive’ Force
Prime Minister Justin Trudeau’s top diplomat called China an “increasingly disruptive global power” and warned that Canadians need to be “clear-eyed” about conducting business with the Asian giant. Earlier this…
Protectionism: Govt slaps up to 500% taxes on imported cars
The government, pursuing an extreme protectionist approach, has slapped up to 500% more taxes on imported cars to cushion the local car industry from overseas competition. Protectionism refers to the…
Playing for Chips
Sometimes you do, in fact, have to hand it to them. Last week the Biden administration imposed aggressive trade restrictions designed to prevent sharing next-generation microchip technology with China. The…
France plays bad cop as transatlantic trade tensions ramp up
The EU is furious that the U.S. is pouring subsidies into the homegrown electric car industry. Accusing Washington of protectionism, Europe is now threatening to draw up its own defenses….
US Seeks Public Comment on Review of Trump-Era China Tariffs
The Office of the US Trade Representative is seeking public comments on “the effectiveness of the actions in achieving the objectives of the investigation, other actions that could be taken,”…
Yellen warns of ‘geopolitical coercion’ by Russia, China
She said Washington was working to reduce U.S. companies’ “extreme dependence” on semiconductors from Taiwan and other technologies, including solar panels or critical components for electric vehicle batteries made in…
Self-reliance is neither “isolationism” nor “protectionism”
‘Atmanirbhar Bharat’ or the policy of self-reliance is neither “isolationism” nor “protectionism” but is a recognition of the fact that India must raise its manufacturing share of GDP, Finance Minister…
The End Of A Laissez-Faire Economy?
Writing for the Financial Times, columnist Rana Foroohar says the U.S. government is not “yet in the business of picking winners and losers,” but it is well beyond a post-neoliberal era. Furthermore, globalization…
The new rules for business in a post-neoliberal world
Supporting economic “patriotism” is now the working principle on both sides of the political divide in Washington. Robert Lighthizer, the former US trade representative under Donald Trump, is famous for…
What options does S. Korea have as US protectionism intensifies?
Seoul’s concerns over rising U.S. tech protectionism extend beyond the Inflation Reduction Act (IRA). “Despite large-scale investment commitments, top South Korean businesses and Yoon administration officials are now voicing questions…