Morning Update: Trump’s tariffs on Canadian softwood breached global trading rules, says WTO
A World Trade Organization panel has found the United States broke international trade rules with some of its 2017 tariffs on Canadian softwood lumber, which the U.S. set at 20.23…
Trump Says Tariffs For Companies That Wont Move Jobs Back To US – What Does That Mean For The Automakers?
US President Donald Trump threatened Thursday that if he’s re-elected, he’ll impose tariffs on US companies that refuse to move jobs back to the country from overseas. “So what are…
The United States maintains tariffs on Spanish products and increases the punishment to France and Germany
The Trade Office explains that as of September 1 it will make several changes to the list of products: it will remove some from Greece and the United Kingdom, but…
Ag groups warn of Mexican retaliation over new tariffs
Thursday, Aug. 22, was the second day of hearings held this month by the U.S. Trade Representative to allow Southeast farmers to air their grievances about rising imports of cheap…
U.S. Lobster Dealers Hope To Claw Back Market Share In Europe
Europe has agreed to suspend tariffs on imports of live and frozen lobster from the U.S. for at least 5 years. In exchange, the U.S. will cut tariffs by 50%…
China Is Ditching Expensive Brazilian Soy for U.S. Supplies
China, the world’s top soybean buyer, is ditching expensive Brazilian purchases and replacing previously done deals with American supplies, according to people familiar with the transactions. My note: Tariffs work…
Washing Machine Prices Put Economists Through the Wringer
Next time a free trader says tariffs hurt consumers, show them the facts in this article: By December 2018, washing machine prices due to tariffs were 13% higher than a…
India Bans Import of $47 Billion Defense Items in Buy-Local Push
India will stop importing more than 100 items used by its armed forces in a bid to boost local manufacturing. The ban will be implemented gradually, starting with products like…
Canada fires back with $3.6 billion in tariffs after Donald Trump revives trade spat
Canada plans to strike back against the United States with $3.6 billion of tariffs after President Trump revived a trade spat by announcing import taxes on Canadian aluminum. The White…
Sweet-Toothed Indonesia to Cut Dependence on Sugar Imports
Indonesia, the world’s biggest buyer of sugar, is striving to cut imports by boosting domestic production at a time when rising affluence is increasing demand for sugary food and drinks….