Reindustrialization might cause some above-target inflation. Deindustrialization, meanwhile, might take countries out of the running of the industries of today, and the future, too, said former European Central Bank president Mario Draghi. Last week, Draghi released what amounts to a 397-page magnum opus on the future of European industry and a massive warning shot that … Read More
This is not the first time Harley-Davidson has made a move like this. In 2019, the closure of Harley-Davidson’s Kansas City factory (with 572 jobs lost) coincided with a shift in production to its then brand-new Thailand facility. At the time, Harley blamed the production shift on the European Union’s 31% tariffs on U.S.-made bikes, … Read More
“President Biden and Ambassador Tai’s decision to raise tariffs across key sectors sends a clear message that the U.S. is serious about reducing our dependence on China and safeguarding American workers and manufacturers from predatory trade practices,” said Zach Mottl, Chairman of CPA. “The China tariffs have already proven to be an essential tool for reshoring and … Read More
Mexico agreed to restrain steel and aluminum export volume to 2015-17 levels. The U.S. complied with the agreement. Mexico almost immediately breached it and continues the breach today, directly harming many U.S. companies and American workers. A recent economic analysis from CPA found that more than one million American jobs are at risk as a … Read More
On their TaxEDU page on tariffs, they write, repeatedly, that “Tariffs are taxes imposed by one country on goods or services imported from another country.” But, tariffs don’t interface with services. To quote the Office of U.S. Trade Representative in response: “services are not subject to tariffs”. CNN Politics writer Katie Lobosco incorrectly, “When the … Read More
Items listed for sale include beauty products for young women and girls for as low as a penny, and kids’ clothing for less than $10, well below average American direct-to-consumer merchants’ prices such as those found at Amazon and other outlets. But they mostly avoid U.S. import tariffs on Chinese goods because the threshold for … Read More
The International Emergency Economic Powers Act gives the president sweeping authority to control economic transactions after declaring an emergency. Some trade experts believe it is supple enough to also implement Trump’s pledge to phase out imports of essential goods from China over a period of four years. Read the article.
“We share Canada’s concerns over the PRC’s unfair, non-market policies and practices and its failure to uphold labor rights, enforce environmental protections, and promote fair, market-oriented competition,” Tai said, using the acronym for the People’s Republic of China. The move comes as the U.S. trade representative is expected to announce final implementation plans by the … Read More
“This is basically a fight with China to get to a level playing field in trade,” he told FOX Business’ Stuart Varney on Monday, as he addressed former President Donald Trump’s proposal to impose tariffs on the foreign adversary. “Personally I don’t like tariffs long-term but I understand there’s weaponry. What I would prefer happen … Read More
Mexico’s shipments to the U.S. of steel made elsewhere have risen dramatically since then, reaching an astounding 472% above the levels set in 2019. This year, Mexican steel imports are on track to reach roughly 700% above the levels set in 2019. In addition, Mexico now accounts for over 87% of U.S. steel conduit imports. … Read More
