Georgia golf cart makers declare war on Chinese rivals, demand hefty tariffs on imports
Two Georgia companies have asked the U.S. government to slap hefty tariffs on golf carts being imported from China, arguing that they are receiving unfair subsidies that undercut U.S. competition…
Domestic Market Share Index Rises In Q1 2024, Fueled By A Reduced Manufacturing Trade Deficit
68.4% of U.S. manufacturing demand was met by domestic production. The remaining 31.6%, was met by imports. The improvement in the DMSI was fueled by both an improvement in the…
New tariff legislation from Graham to penalize countries purchasing Iranian oil
Senator Lindsey Graham (R-SC) introduced new legislation on Wednesday aimed at imposing tariffs on nations that import crude oil or petroleum products from Iran,accorging to the Jewish Insider. The proposed…
Trade Commission Extends Tariffs on Spanish Black Olives
United States trade officials marked the fifth anniversary of tariffs on some Spanish table olive imports by voting unanimously to extend them. A four-member panel of the U.S. International Trade…
Currency Misalignment Effects Far Outweigh The Effect Of Tariffs: Subsidizing Imports And Penalizing U.S. Exports
The latest CPA Currency Misalignment Monitor for July 2024 found that the U.S. Dollar (USD) is overvalued by 16.9%, based on the latest monthly exchange rates. This overvaluation of the…
Economists aren’t finding easy answers for the new era of free trade
Throughout the post-war era, their guiding principle has been that the gains from trade outweigh the costs. But some prominent economists are reconsidering this premise in light of problems that…
Senators float bills to address Chinese mineral dependence
A bipartisan group of senators introduced legislation Thursday to address China’s global minerals dominance. The broad bill — led by Senate Intelligence Chair Mark Warner (D-Va.) and ranking member Marco…
China’s Auto Sector Is Moving To Mexico; 29 New Manufacturing Plants Set Up Since June 2022
The United States-Mexico-Canada (USMCA) Free Trade Agreement is fast becoming a free trade agreement for the world, whereas any multinational with a presence in Mexico can set up shop and…
US Targets China With Tariffs on Steel, Aluminum Sent Via Mexico
Aluminum cast or smelt in China, Russia, Iran or Belarus that arrives via Mexico will face a 10% tariff, she said. The measures take effect Wednesday. The moves, made jointly…
EU Set to Impose Tariffs on Temu and Shein Goods from China
The European Commission is reportedly gearing up to impose tariffs on inexpensive goods originating from China, as reported by the Financial Times, citing insider sources. Under current regulations, items valued…