Briefing: Trade war, a primer
The Founding Fathers read all about free trade, Adam Smith’s “Wealth of Nations”, and wanted no part of it. They rejected free trade. Ricardo’s theory of Comparative Advantage (1817) didn’t…
GM Cutbacks Due to Offshoring, Not Tariffs
It’s notable that the most popular model GM is axing, the Chevrolet Cruze, is produced at two plants: Lordstown, Ohio, and Ramos Arizpe, Mexico. The Lordstown plant is now slated…
Salem-Republic president supports Trump’s tariffs
“We have been abused, used and cast aside by the Pacific Rim competitors who have dominated our market with cheap, inferior product,” Ney said. “Their ability to produce a product…
Rockford furniture store warns Trump’s tariffs will spike prices
If imported goods are more expensive, customers are more likely to buy American. That is precisely the point! Read the article
Tariff payments hit record high in October, pro-trade group says
It is incredibly ironic that a group called ‘Americans for Free Trade’ recently reported in an article posted on thehill.com that import tariffs paid by businesses in October were $6.2…
Ford cancels Mexico plant, expands U.S. factory and adds 700 jobs
Ford CEO Mark Fields said the company would spend $700 million and add 700 jobs to “transform and expand” its Flat Rock, Mich. manufacturing plant to make autonomous and electric…
EU anti-dumping taxes on Chinese candles fuel protectionism fears
Despite G20 commitments last week to avoid protectionist measures, European Union authorities on Tuesday (7 April) agreed to impose anti-dumping taxes of up to 50 percent on Chinese-made candles sold…