What have we lost from leaving tariffs behind? Many thousands of manufacturing jobs—historically, the best-paid employment for Americans without college degrees. I’m unconvinced that having 5,000 different eyeglass frames to choose from, instead of 500, is worth sacrificing even one American job. Moreover, the ongoing impoverishment and immiseration of America’s working class—fueled both by off-shoring … Read More
Founded by US manufacturers of battery machines and equipment, US Battery Machine Builders (US BMB) unites behind the common goal of strengthening domestic manufacturing capabilities essential for US battery mining, processing, and manufacturing. By showcasing the quality, reliability, and innovation inherent in American-made products, the US Battery Machine Builders aim to encourage more companies to … Read More
A poll of Republican voters conducted by Morning Consult for Alliance for American Manufacturing showed that 46% of respondents believed tariffs imposed by the previous government should remain – namely the Section 201 solar safeguards and Section 301s against China, and the Section 232 global steel and aluminum tariffs. Some 45% said the tariffs should … Read More
Tariffs are essentially taxes imposed on imports on goods, which make them more expensive. There are different types of tariffs, also known as import duties: a) ad valorem duty b) specific duty c) compound duty (a combination of the above two) d) mixed duty e) variable duty – Minimum Import Price (MIP) In certain cases, the exporters may agree with the … Read More
The U.S. is seeking EU tariffs on Chinese steel, which it believes contributes to global oversupply and harms U.S. producers. Simultaneously, the U.S. is hesitant to completely remove tariffs on European metals and instead seeks commitments from the EU to impose tariffs on Chinese steel in exchange for maintaining the suspension of tariffs on European … Read More
Josep Borrell, the EU high representative for foreign affairs, called for improved access for European companies that want to export to or invest in China. He said that political leaders in Europe could face pressure from voters to disengage from the world’s second-largest economy. The EU trade deficit with China topped $17 billion in September, … Read More
According to a study by the non-profit organization Coalition for a Prosperous America (CPA), which represents manufacturers, workers, and farmers, a 15-percent tariff on foreign imports, along with 35-percent tariffs on products in vital supply chains, would generate approximately 10 million jobs and more than $600 billion. Under the Trump Reciprocal Trade Act, if China … Read More
The Biden administration aims to promote “a different set of goals” with its trade policy, with an emphasis on engagement and supply chain resilience, U.S. Trade Ambassador Katherine Tai said. Tai insisted that with more economies, including the United States, grappling with domestic challenges and protectionism, “the goal is no longer to liberalize for liberalization’s … Read More
The difference between an undergraduate international trade economics class and a graduate-level class, is that an undergraduate economics class they teaches you that the ideal level of tariffs for any country is zero. Free trade rules! But in a graduate-level class, they teach you that tariffs can help a nation maximize its national income. What … Read More
U.S. textile production is the foundation of our Western Hemisphere textile and apparel co-production chain, responsible for over 500,000 U.S. jobs. Domestic producers are a critical part of the military’s warm industrial base, supplying over 8,000 items of mission critical gear and clothing annually to our war fighters, and are an essential component of U.S. … Read More
