“Manufacturers in the U.S. cannot afford this direct economic hit and need action to be taken as soon as possible. Passing MTB legislation will increase competitiveness, spur growth and support the success of manufacturers, farmers, businesses, workers, consumers and communities throughout the U.S., said the NAM. The previous MTB expired in December 2020, and since … Read More
Canada is challenging the U.S. decision late last year to maintain duties on exports of Canadian softwood lumber, Trade Minister Mary Ng said in a statement on Wednesday, Reuters reported. The U.S. International Trade Commission (ITC) decided last November to maintain anti-dumping and countervailing duties on Canadian softwood lumber. Read the article.
The 2018-2023 washing machine tariffs led to a larger, more competitive U.S.-based residential washer industry, including the creation of over 2,000 new jobs at two Korean-owned companies which opened U.S. manufacturing facilities in the southern U.S. Washing machine prices are now below pre-tariff levels, and prices have risen less than consumer inflation, demonstrating that after … Read More
The shift is the result of a years-long trend that has seen a gradual decline in China’s share of the U.S. import market, driven primarily by continued U.S. tariffs on a broad array of Chinese goods. As recently as 2017, Chinese goods had accounted for more than 21% of U.S. imports, but after former President … Read More
The tariffs are largely unchanged from the preliminary rates announced in August 2023, with the department implementing dumping rates of 123 percent for Chinese tin imports, 5 percent for Canadian tin imports, and 7 percent for German tin imports. However, the department also opted to set tariffs on some imported steel from South Korea, despite … Read More
India has been nudging the Biden administration to reverse a Trump-era move withdrawing duty-free status on thousands of Indian export products. The US surpassed China as India’s biggest trade partner in 2022, with bilateral shipments reaching a record $137.24 billion, up from $114.69 billion in 2021. Read the article.
In August 2017, the Office of the US Trade Representative (USTR) initiated a trade investigation under Section 301 of the Trade Act of 1974. Its purpose was to address unreasonable or discriminatory practices from Beijing adversely affecting US economic interests. That investigation led to double-digit tariffs on a wide swath of imports into the United … Read More
First came tariffs on Chinese imports, then several rounds of sanctions and an outright embargo on exports of state-of-the-art computer chips. Now, America’s multiyear campaign to deter, counter and stymie Xi Jinping’s China—an effort that started with President Donald Trump and has escalated under the current administration—is shifting to a new battleground where the stakes are even higher … Read More
Auxin Solar, a small solar panel manufacturer with operations in California, has filed a lawsuit against the U.S. Department of Customs and Border Patrol (CBP) and Department of Commerce for failing to collect fees and credits from solar imports related to antidumping and countervailing duties (AD/CVD) laws. Read the article.
As Hanoi readily states, the country is called the Socialist Republic of Vietnam. Under the guise of this socialism, the country maintains an aggressive, top-down form of government. Private ownership of land is prohibited. Hanoi controls the national economy through a series of state-owned enterprises. Vietnam provides cover for Chinese exporters looking to avoid U.S. … Read More
