Republicans propose bill that would double tariffs on Chinese imports and end favored trade status
The bill would, over five years, increase tariffs by 100% on imports deemed “strategic” to national security by the Biden administration in an effort to force the growth of the…
Trump threatens John Deere with 200 percent tariff if it outsources manufacturing
Fox Business Network reported in June that John Deere, which sells tractors, crop harvesters and other large equipment, was laying off roughly 600 staff members at plants in Illinois and…
Trump says he will put 100% tariffs on every car coming across Mexico border
“We will put a 100% tariff on every single car coming across the Mexican border,” Trump said in a speech in Georgia. “The only way they’ll get rid of that…
USTR Finalizes Section 301 Tariffs on Chinese Imports with a Focus on Products from “Strategic Sectors”
Following a review of over 1,000 comments, USTR has largely retained the proposed list of products subject to Section 301 tariffs announced in the May 2024 report with a few…
US Senator proposes barring Chinese firms using third countries to evade tariffs
Republican U.S. Senator Marco Rubio on Thursday proposed barring Chinese manufacturers from evading tariffs by setting up factories in other countries like Mexico, Vietnam or Malaysia. Rubio accused Chinese manufacturers…
Mario Draghi Says Reindustrialization Will Cause Inflation, But It Will Be Worth It
Reindustrialization might cause some above-target inflation. Deindustrialization, meanwhile, might take countries out of the running of the industries of today, and the future, too, said former European Central Bank president…
Harley-Davidson Moves More Production To Thailand, Thanks To Thai Tariffs And Tax Incentives
This is not the first time Harley-Davidson has made a move like this. In 2019, the closure of Harley-Davidson’s Kansas City factory (with 572 jobs lost) coincided with a shift…
CPA Applauds Biden Administration’s Finalized Increase on Section 301 Tariffs for China Imports
“President Biden and Ambassador Tai’s decision to raise tariffs across key sectors sends a clear message that the U.S. is serious about reducing our dependence on China and safeguarding American…
Biden Administration’s Failure to Address Mexico Steel Surge Causes Zekelman Chicago Plant Closure
Mexico agreed to restrain steel and aluminum export volume to 2015-17 levels. The U.S. complied with the agreement. Mexico almost immediately breached it and continues the breach today, directly harming…
The Tax Foundation Makes Fundamental Errors On What A Tariff Is And How Tariffs Work
On their TaxEDU page on tariffs, they write, repeatedly, that “Tariffs are taxes imposed by one country on goods or services imported from another country.” But, tariffs don’t interface with…