Today U.S. Senator Sherrod Brown (D-OH) led colleagues in calling on the president to maintain Section 301 tariffs, which are currently under interagency review by the Biden Administration. The U.S. imposed Section 301 in 2018, Section 301 tariffs were instituted by the Trump Administration, following an investigation by the United States Trade Representative, to combat … Read More
North American graphite miners are lobbying the US government to impose a 25% tariff on three graphite products sourced from China in order to counter Beijing’s monopoly on a key material used in automobile batteries. If successful, the move will pit the miners against their main customers- the original equipment manufacturers (OEMs) and add to … Read More
Tariff hikes, levying 5 to 50 percent in additional import costs, have kicked in for 544 products entering Mexico. The higher rates only apply to countries without free trade pacts with the Latin American country, which includes China – its second-largest trading partner and a growing source of shipments over the last two years. “[The … Read More
The new tariffs, seen as a response to US concern about Chinese steel and other goods entering the North American country, will also be imposed on aluminum, textiles, and plastics. Once in force, the tariffs could reduce Mexican imports by $6 billion to $7 billion, said Rodrigo Mariscal, head of the Economic Planning unit at the … Read More
The U.S. and the Philippines are in discussions over ways to prevent China from dominating nickel processing in the Southeast Asian nation, a key supplier of the metal that’s crucial for electric vehicle batteries. One measure under consideration is a trilateral arrangement through which the Philippines would supply raw nickel material, the U.S. would provide financing, and a … Read More
“We expect the European Commission to impose duties in the 15-30 percent range. But even if the duties come in at the higher end of this range, some China-based producers will still be able to generate comfortable profit margins on the cars they export to Europe because of the substantial cost advantages they enjoy,” the … Read More
Mexican authorities assert that the federal government has the duty to implement the necessary mechanisms to generate stability in domestic industry sectors and provide for the elimination of trade distortions, in an effort to safeguard the balance of the global market in accordance with international law and Mexico’s international commitments. The authorities add that, as … Read More
French President Emmanuel Macron warned Thursday that Europe faces possible demise if it does not take bold action to tackle U.S. and Chinese protectionism, amid serious geopolitical threats from authoritarian regimes. In a bleak and solemn speech delivered at the Sorbonne University in Paris that frequently returned to the theme of a fast-changing global order, … Read More
“Stakeholder concerns remain about long-standing issues including technology transfer, trade secrets, counterfeiting, online piracy, copyright law, and patent and related policies,” the Office of the US Trade Representative said in an annual report released Thursday on the state of IP protection and enforcement among America’s trading partners. “China needs to complete the full range of … Read More
Economists have enjoyed significant influence over U.S. economic policy since the Great Depression. In Bill Clinton’s presidency (1993-2000), economist influence may have reached a peak. With Larry Summers and Bob Rubin at Treasury, Robert Reich at Labor, and Martin Baily at the Council of Economic Advisers, economists were seemingly everywhere in Washington. Bill Clinton even … Read More
