The dispute dates to 2018 when then-US President Donald Trump imposed a 25 percent tariff on steel and a 10 percent tariff on aluminum imported from a number of countries, including China. In December 2022, the WTO ruled that Trump’s original steel tariffs violated global trade rules. But US President Joe Biden’s administration condemned the … Read More
Senator Marco Rubio last September led a group of Florida lawmakers to push USTR to open a Section 301 investigation into seasonal produce imported from Mexico, alleging the U.S.’ southern neighbor has long engaged in an “export targeting scheme” that forced Florida seasonal farmers out of the U.S. market. USTR last October declined to open … Read More
The US already limits exports of some sensitive technologies to China, and the order “would prevent U.S. investments from helping accelerate the indigenization of these technologies” in what it called countries of concern, the White House said in a release. The order defined that as China, Hong Kong and Macau. Read the article.
Following the lead of the United States, the EU has moved to buttress its economy against over-dependence on the Chinese market with legislative measures rushed through the European Parliament to introduce strategic tariffs on raw materials and green tech in a policy Commission President Ursula von der Leyen has labeled “derisking.” Read the article.
R-CALF USA, a trade group representing U.S. cattle and sheep producers, appealed to USTR Katherine Tai for “immediate action to protect America’s lamb producers” against “unrestrained and ever-increasing importation of foreign lamb and mutton that do not meet the United States more stringent production standards.” Such imports pose an existential threat to U.S. farmers, according … Read More
By a factor of 91 in favor and only six against, the Senate voted in late July to restrict outbound investment into China advanced semiconductors and computing, as well as technologies that can have both civilian and military use. Former Treasury Secretary Larry Summers cautioned against restrictions on outbound investments to China. The Senate did not … Read More
A new report from Parents Defending Education, a grassroots organization focused on education, says that over time, China has reached into 143 school districts in 34 states and the District of Columbia through its Confucius Classrooms program, giving schools $17,967,565.12 since 2009. Read the article.
In the past, economists assessing the performance of industrial policies often focused on indicators such as import tariffs, capturing only limited dimensions of such measures and conflating their objectives with others. A new generation of research efforts takes a more productive approach – and reaches very different conclusions. Read the article.
U.S. President Joe Biden’s economic policies depart sharply from those of former President Donald Trump, but both share a commitment to limiting the risks of trade with China and an ambivalence toward market-driven globalization. Notably, Biden has kept Trump’s tariffs on Chinese imports. Biden’s policies favor cooperative arrangements to harmonize labor, environmental and industry standards, … Read More
The Biden administration is assessing the challenge posed by China’s rapid rise in electric vehicle manufacturing and export, an official from the Office of the U.S. Trade Representative said on Thursday, noting the issue is among those the agency is considering as it finalizes its mandated review of Section 301 duties on Chinese goods. China’s … Read More
