Trump Tariffs on UK Would Be ‘Manageable,’ Economists Say
Even if Trump pushed ahead with proposals to impose a 60% tariff on goods from China, and trading partners around the world retaliated in kind, the disruption would likely only…
Steve Madden just drastically changed its business to avoid Trump’s tariffs
Steve Madden, a $3 billion shoe company, announced Thursday that it would rapidly halve its Chinese production to avoid Trump’s tariffs. Those plans have been in place for a long…
US farmers back Trump but face pain from China tariff threats
Trump’s first administration kept farmers onside with generous subsidies to offset lost U.S. sales to China from the trade war. Soybean farmers received $5.4 billion more in aid than they…
Biden Administration Proposes Tightening Protectionist Buy American Act
Only weeks after the release of a new study quantifying the high cost of Buy American Act protectionism, the Biden administration has decided the law isn’t protectionist enough. At least…
Chinese EV Makers See EU Sales Slump as Tariff Row Deepens
Chinese electric-car makers lost ground in Europe for a third straight month, in the latest sign that the move toward higher import tariffs is hurting sales. SAIC Motor Corp.’s MG…
Tariffs are back in the spotlight, but skepticism of free trade has deep roots in American history
Back in the late 18th century, the Founding Father Alexander Hamilton helped put in place a set of policies designed to encourage U.S. industry and to promote economic development and…
Customs Admits Yet Again That De Minimis Is Loaded With Fake Goods, And Banned Goods
De minimis, a customs rule that allows for duty free shipment and minimal inspection if the overseas vendor claims the value is under $800, is a haven for contraband, whether…
Keynes’ Support For Broad Tariffs
In a 1931 essay, Keynes argued for “import duties of 15 percent on all manufactured and semi-manufactured goods without exception, and of 5 percent on all foodstuffs and certain raw…
Tariffs For Revenue And Protection: The U.S. Treasury Has A Plan
When George Washington was President, consensus existed that tariffs should be used for both (1) federal revenue purposes, and also (2) to protect domestic production. This consensus was embodied in…
Final Increased Tariffs Announced in Response to U.S. Trade Representative Review of Chinese Imports
Section 301 tariffs will increase for specific imports, to between 25% to 100% beginning Sept. 27, 2024, with other rates scheduled to increase in 2025 and 2026 for Chinese-origin semiconductors,…