Once again, the Canadian Manufacturers face a risk of being hit by U.S. Protectionism and need to fight for necessary exemptions. Challenges were raised after the Biden Administration announced new procurement guidance Monday that requires the construction material purchased for federally-funded infrastructure projects to be produced in the U.S. The Head of Canadian Manufacturers and … Read More
The Biden administration announced it is lifting tariffs on Ukrainian steel for one year, a mostly symbolic move by the U.S. to boost the war-torn country’s economy. The duties being suspended were put into place by former President Donald Trump, who in 2018 imposed a 25% tariff on all steel imports. Read the article.
A bipartisan group of Republicans and Democrats support including the pro-China trade provision in the Senate USICA bill in the new Bipartisan Innovation Act. Read the article.
Sen. Josh Hawley, R-Mo., requested the Biden administration keep tariffs on Chinese goods in place, while also calling for an investigation into China’s alleged unfair trade practices, citing a letter from U.S. Trade Representative Katherine Tai that was published in a Washington Examiner report. Read the article.
Free traders have constantly dismissed “Buy American” advocates, policies, and legislation by claiming that importing products from foreign countries that could be made in America is cheaper for the consumer. Read the article.
The long-time critics of globalization who warned us that it would end badly are having a told-you-so moment. Porous borders, free trade, and thinly stretched supply chains would make the world more fragile, they cried, leaving countries dangerously vulnerable to disruptions and shocks. It took a protectionist US president, a global pandemic, and a new … Read More
In 1791, Hamilton issued his Report on Manufacturers and a prime point he made was the importance of national self-sufficiency. As Hamilton argued: “Not only the wealth; but the independence and security of a Country, appear to be materially connected with the prosperity of manufactures. Read the article.
Reliance on Asia for microelectronics, or semiconductors, is increasingly seen as a big problem for the Department of Defense (DoD). While the U.S. designs chips, they are mostly all offshored to be made in Asia, led by Taiwan and South Korea. Read the article.
Orders placed with U.S. factories for durable goods rose in March, pointing to sustained investment in business equipment that is helping drive economic growth. Read the article.
61% of voters believe that increased imports have made the United States dependent on China for goods that are critical to the US economy and US national security. 60% of voters are opposed to China continuing to receive trade status as the most favored nation with the United States, giving the country a tariff of … Read More
