The ‘Shortage Economy’ Will Hit Us Just in Time for Christmas
Right now, there are 76 container ships off the coast of Los Angeles desperate to dock and unload their cargo. There are similar problems on the East Coast as well….
Lighthizer in The Economist: If Trade Deficit Persists Like This, U.S. Will ‘Bleed to Death’
The country has literally handed over trillions of dollars of its wealth to other countries, with China getting the lion’s share. This was never supposed to be able to happen…
USTR looks beyond phase one pact
“For too long, China’s lack of adherence to global trading norms has undercut the prosperity of Americans and others around the world,” Ms. Tai said. “In recent years, Beijing has…
Want to know what future battles over globalization will be about? Look to the chip shortage
First, President Trump levied tariffs on all things Chinese (including semiconductors). Then his administration also tried to prevent exports of U.S.-made, and later of any U.S.-designed, semiconductors to China. Many…
Vietnam Plans to Cut U.S. Pork Tariffs as Trade Tensions Ease
The planned cuts will see tariffs lowered to 10% from 15% for frozen pork, 2% from 5% on corn, and eliminated for wheat from the current 3%, Tuan said. The…
Katherine Tai Says China Tariffs “Effective”
USTR Katherine Tai says the Biden administration is fine with China tariffs. The world has not fallen apart because of them. Recent supply chain disruptions, all of them stemming from…
China calls WTO ruling ‘dangerous’ in solar cell row with U.S.
China lambasted a World Trade Organization (WTO) ruling in a row with the United States over Washington’s measures to limit the import of solar panel cells, calling it “erroneous and…
CPA Participates in Harvard Club Panel Discussion on International Trade
“Since 2000, the U.S. trade deficit has doubled, from $370 billion to $677 trillion last year,” Ferry plans to say. “We’ve had trade deficits for 45 consecutive years, a world…
Latest deal with U.S. creates trade barriers
The new deal also raises Canada’s duty-free level from C$20 to C$150 and the sales tax increase from C$20 to C$40. However, that only applies for U.S. goods ordered online….
Hyundai loses transformer duty appeal
The Federal Circuit affirmed an agency determination that Hyundai didn’t fully cooperate with a duty review. The U.S. maintains antidumping duties on large power transformers from South Korea Read the…