The Chief Executive Officer (CEO), Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, has said Nigeria is unlikely to suffer any significant economic setback from the decision by the United States Government to impose a 12.5 per cent tariff on imports from Nigeria, arguing that the country’s export structure and trading patterns … Read More
Robert Lighthizer uses U.S. bulk commodity agriculture as an example. “We’re more competitive, and we’re more discriminated against around the world. I’ve always said that no group suffers more from protectionism abroad than agriculture.” Speaking during the Iowa Farm Bureau Economic Summit earlier this month, he said politics get in the way of free trade. … Read More
A new wave of U.S. tariffs targeting 60 trading partners took effect on Friday, replacing an expiring global duty rolled out by President Donald Trump earlier this year. The levies, which range from 10% to 12.5% and impact major economies like China, India and the European Union, sparked protests from Beijing and other targets. “The … Read More
President Trump is invoking an unused provision of the 1930 Smoot-Hawley Tariff Act to impose additional tariffs on Canada over alleged discrimination against U.S. exports. Why it matters: As the Supreme Court limits Trump’s ability to wield tariffs and a temporary tariff stopgap expires, the president is turning to a rarely used tariff authority. While … Read More
U.S. President Donald Trump signed orders Monday to impose new 50% tariffs on many Canadian goods, claiming “discriminatory treatment” by Ottawa against American alcohol, automobile and dairy products. The tariffs take effect in 30 days and cover various items including wine, hockey sticks and cement, said the White House. Trump, who saw many of his … Read More
As shrimp production continues to expand, exporters are increasingly competing through market access, sanitary regulations and trade policy rather than production alone. Ecuador‘s shrimp industry has become one of the fastest-growing aquaculture sectors in the world, doubling production every five years. According to Sandro Coitore, CEO of Omarsa, this success has also made the country … Read More
This week, at the direction of President Trump, Ambassador Jamieson Greer took final action under Section 301 of the Trade Act of 1974 by imposing a 25% tariff on certain goods of Brazil. This comes after USTR concluded a yearlong investigation that found that Brazil’s acts, policies, and practices have harmed American workers, businesses, and … Read More
Today, Representative Ro Khanna (D-CA-17), Ranking Member of the House Select Committee on the Strategic Competition Between the United States and the Chinese Communist Party, and Representative Mike Bost (R-IL-12) led a bipartisan letter to U.S. Customs and Border Protection (CBP) Commissioner Rodney Scott and Internal Revenue Service (IRS) Chief Executive Officer Frank Bisignano urging … Read More
America’s cost-of-living crisis is a wage problem, not a price problem. The cost of essential services has raced ahead of the median paycheck for 25 years. The question that piece left open is why the paycheck stalled. The trail leads to a bargain Washington struck decades ago, when cheap imports became the whole measure of … Read More
Canadian small and mid-sized businesses focused on the semiconductor industry say the United States’ artificial intelligence boom is creating opportunities too good to pass up despite ongoing trade uncertainties and geopolitical friction between the two countries. Big Tech investment in AI infrastructure will exceed US$700 billion this year, according to the financial statements of Meta … Read More
