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….
China’s Brilliant, Insidious Strategy
Arrogant Westerners assume that Chinese investors, owners of American real estate, and legions of students will be eventually overwhelmed by American popular culture, liberality, affluence, and freedom, and that they…
Trump reimposes tariffs on raw Canadian aluminum, Canada promises retaliation
Michael Bless, chief executive of Century Aluminum, one of the few remaining U.S. primary aluminum smelting companies and which lobbied for the tariffs, said the move “helps to secure continued…
China Accelerates U.S. Corn Buying With Record Purchase
China took another step toward meeting agricultural commitments made in the phase one trade agreement with the U.S. with its biggest-ever purchase of American corn. The U.S. Department of Agriculture…
China Has Amassed $1 Billion Glut of U.S. Cotton It Doesn’t Need
China has bought more than $1 billion worth of American cotton in the past three months. And it doesn’t even need it. The purchases — made as part of the…