U.S. Plans to Boost Penalty on Russia, China Export Violations
The US plans to increase the penalties for companies violating rules that limit export of products that threaten national security, an effort recently focused on countries including Russia and China,…
JBS and Minerva fell after China announced it would buy American beef
Meat processor stocks are operating in the stock market during the day’s biggest falls. These casualties reflect the difficulty in selling meat to China. This is because today the government has…
Yen, Supply Chain Chaos Send Japan Manufacturers Home
Japanese manufacturers are increasingly looking to move offshore operations to their home market, according to a Tokyo Steel Manufacturing Co. executive. The rapidly weakening yen that boosts the competitiveness of…
Tariffs could have helped us avoid the current inflation spike
Low prices rely on the good behavior of countries like Russia and China (whom we have no reason to trust). But now, the proverbial chickens have come home to roost….
World’s Top Alumina Supplier Australia Bans Exports to Russia
Australia, the world’s biggest exporter of alumina, announced a ban on shipments to Russia. Alumina is the key ingredient for producing aluminum. Read the article.
Canadian Manufacturers Face a New Buy American Policy on Construction Materials
Once again, the Canadian Manufacturers face a risk of being hit by U.S. Protectionism and need to fight for necessary exemptions. Challenges were raised after the Biden Administration announced new…
U.S. Lifts Tariffs on Ukrainian Steel in Symbolic Move
The Biden administration announced it is lifting tariffs on Ukrainian steel for one year, a mostly symbolic move by the U.S. to boost the war-torn country’s economy. The duties being suspended…
Here are the 53 Senators Who Want to Cut China Tariffs
A bipartisan group of Republicans and Democrats support including the pro-China trade provision in the Senate USICA bill in the new Bipartisan Innovation Act. Read the article.
Sen. Hawley Calls on Biden Admin to Keep Tariffs on Chinese Goods Intact
Sen. Josh Hawley, R-Mo., requested the Biden administration keep tariffs on Chinese goods in place, while also calling for an investigation into China’s alleged unfair trade practices, citing a letter…
The dangerous new anti-globalization consensus
The long-time critics of globalization who warned us that it would end badly are having a told-you-so moment. Porous borders, free trade, and thinly stretched supply chains would make the…