Nations rise when they have pioneering entrepreneurs. And when those entrepreneurs become dominant, they demand concessions from governments, and in the process “tax” the citizens, for providing services which are critical and catalytic. I have called that “conglomerate tax”, a tax citizens pay to some of the leading companies in the world to serve them! … Read More
The tariffs are a tool in a diverse economic toolkit that is being used to shore up the middle class, Trade Representative Katherine Tai said Monday during a talk at the Council on Foreign Relations think tank in Washington, D.C. Asked about the politicization of the issue, as well as some researchers’ claim the tariff … Read More
Tariffs of up to 270% will be levied on imports of Chinese pea protein to counteract the “dumping” of heavily subsidized imports that threatened American farms and manufacturers, the federal Department of Commerce announced last week. The decision is a victory for Minneapolis-based Puris, the leading pea protein supplier in North America, which brought the … Read More
Premier Danielle Smith says no matter the outcome of the United States election, there will be challenges for Canada and Alberta. “Both have protectionist policies that would be damaging to our country and our province,” Smith said at the Canadian Embassy in Washington on Thursday. She said both President Joe Biden and former president Donald … Read More
“The safeguard measure has resulted in positive industry adjustments in terms of significant expansion and investment in domestic solar module manufacturing and announced plans to restart domestic solar cell manufacturing,” the International Trade Commission (ITC) concluded. Read the article.
The value of imports fell 3.6%, while exports of goods and services increased 1.2% to a record high. US petroleum surplus climbs to record $30.1 billion. Capital goods, consumer goods, motor vehicle exports were highest ever. Imports of consumer goods declined to lowest since 2020. Read the article.
The International Trade Commission shot down a push by steelmaker Cleveland-Cliffs and the United Steelworkers union seeking tariffs on imported steel used for cans. Cleveland-Cliffs and the union petitioned the federal government for tariffs last summer, arguing that imports of the steel, known as tinplate, were siphoning demand from Cleveland-Cliffs’ Weirton, W.V., plant. The company … Read More
“The safeguard measure has resulted in positive industry adjustments in terms of significant expansion and investment in domestic CSPV module manufacturing and announced plans to restart domestic CSPV cell manufacturing,” the ITC concluded in its 408-page assessment. American production of solar equipment has increased in the face of tariffs, but that hasn’t stemmed losses by … Read More
US efforts to promote the expansion of India’s solar industry may have opened a back door to components made with forced labor in China. India’s largest solar producer, Waaree Energies Ltd., has sent millions of panels to the US with components from a Chinese company whose products were repeatedly denied entry to the US market … Read More
The proposed reduction is 94% less than what the import tax is now. The move is the latest turn of a catfish war dating back to just before the turn of the century. Brad Graham became a first-generation catfish farmer in 1997 when he says business was growing, but not long after imports of Vietnamese … Read More
