China criticises Canada’s new steel import restrictions as protectionist policy
The statement was issued following a media inquiry regarding Canada’s decision to tighten tariff rate quotas on steel imports starting 1st August. Under the new rules, Canada’s Department of Finance…
Alcoa CEO Says Lasting Tariffs Required to Boost U.S. Production
President and CEO Bill Oplinger, who was critical of tariffs early this year, said taking advantage of that scenario would require that the Trump administration’s measures endure, not go away….
Volvo Cars CEO calls for EU to cut tariffs on American-made cars
The chief executive of Volvo Cars has called on the European Union to reduce its 10% tariff on American-made cars, stating that European automakers don’t need protection from U.S. competitors….
Forget TACO. Trump Is Winning His Trade War.
Trump advisers argue that only tariffs can effectively address trade deficits, which, they say, reflect a plethora of nontariff barriers such as regulations and taxes that suppress consumption and imports….
Trump sets 19% tariff on Indonesia goods in latest deal
President Donald Trump on Tuesday said the U.S. would impose a 19% tariff on goods from Indonesia under a new agreement with the Southeast Asian country and more deals were…
Local supplier adjusts as new tariff proposal raises cost concerns
“Tariffs only affect imported products so we’ve moved into products that are solely made in the USA and aligned ourselves with some vendors that have some very good pricing,” he…
Trump imposes 17% tariff on Mexican tomatoes
The duty came into force after the US withdrew from a long-standing agreement with its southern neighbour, arguing that the deal “had failed to protect US tomato growers from unfairly…
It’s No Bluff: The Tariff Rate Is Soaring Under Trump
Since Mr. Trump came into office in January, the average effective U.S. tariff rate has soared to 16.6 percent from 2.5 percent, according to tracking by the Budget Lab at…
Rechenberg: Tariffs can save America’s cabinet industry
The U.S. kitchen cabinet industry supports 250,000 jobs and bolsters countless local economies. In fact, 95% of the industry consists of family-owned companies, with 40% in rural communities. Unfortunately, these…
Your Next Lawn Chair Is Coming From Vietnam, but It’s Still Kind of Chinese
In May, hundreds of workers at a furniture factory here got a nice surprise. Their Chinese bosses were giving them a nearly 45% raise. Factory owner Ren Li said so…