Illegal dumping of foreign-made tin mill products — when a company or country exports these products at a price lower than the price charged in its home market — has cost thousands of workers their jobs over the past few years. And it’s rapidly wiping out the rest of an industry crucial to the nation’s … Read More
“China expressed serious concerns concerning the U.S.’ discriminatory (Section) 301 tariffs,” she added. “China demands the U.S. give equal treatment to Chinese enterprises investing in the U.S. in terms of market access, regulatory enforcement, public procurement and policy support,” Shu Jueting, a commerce ministry spokesperson, said. Read the article.
Let’s assume that the tariffs are on products that are also made in America. The tariff raises the price of the foreign product to the benefit of the U.S.-made product. This would encourage more purchases of the U.S.-made product and thus increase production and employment here in the U.S. — the total opposite effect that … Read More
Clinton and Obama thought globalization inevitable and bought into the textbook view that trade benefits all parties. “Globalization is not something we can hold off or turn off,” Clinton explained in 2000. “It is the economic equivalent of a force of nature, like wind or water.” Read the article.
The average reservation wage – the lowest annual pay that workers would accept to take a new job – increased to $78,645 in July. That’s up from about $72,900 a year earlier and $69,000 in July 2021. According to a Federal Reserve Bank of New York survey released Monday, pay demands among women are rising … Read More
We are already in danger of witnessing China’s surpassing the United States in critical areas economically, technologically, and militarily. It follows, then, that we must add an “American factor” to ensure that China does not successfully challenge America’s leadership in space. Read the article.
The United States imported some $4.4 billion worth of wooden cabinets, vanities and their components from China in 2018. The U.S. Commerce Department on Feb. 24 imposed anti-dumping duties of up to 262.2% and anti-subsidy duties of up to 293.5% in an investigation that started last year with a petition from the American Kitchen Cabinet … Read More
