During his first term as the US president, Trump described India as a “tariff king” and in May 2019, terminated India’s preferential market access — Generalised System of Preferences (GSP) — to the United States alleging India has not given the United States “equitable and reasonable access to its markets.” “The other thing I want … Read More
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
The Department of Commerce (DOC) announced Friday that subsidiaries of Chinese companies BYD, Trina Solar, Vina Solar and Canadian Solar were dodging U.S. tariffs on Chinese solar cells and panels by conducting minor processing to finish their products in Cambodia, Malaysia, Thailand and Vietnam. Another firm, New East Solar, will face tariffs after refusing to … Read More
The Department of Commerce (DOC) determined Friday that five Chinese solar panel companies have been dodging U.S. tariffs by directing their operations through other Asian countries not subject to the import restrictions. The DOC found in its probe that Trina Solar, Canadian Solar, BYD, and Vina Solar have all used other countries in Southeast Asia, … Read More
“The United States welcomes Mexico’s efforts to address global non-market excess capacity in the steel sector,” USTR spokesperson Sam Michel said in a statement. Mexico earlier this week announced it would impose temporary tariffs of up to 25 percent on steel and certain other products from countries that are not FTA partners. The U.S. is … Read More
The Biden administration announced plans to impose new tariffs on can-making metal imported from China, Germany and Canada. Chinese products would be subject to a levy of 122.52%. That rate partly reflects Chinese companies’ refusal to cooperate with the investigation to prove their independence from the Chinese Communist Party, an administration official said. Read the … Read More
While the Trudeau Liberals are trying to play up the spectre of Donald Trump now, the former U.S. president was no worse for Canada’s cross-border trade than the current occupant of the White House, Joe Biden. Since the election of Barack Obama in 2008, Canadian governments have been dealing with American administrations that are increasingly … Read More
Germany Interior Minister Nancy Faeser said she won’t be deterred by the high cost of removing Chinese components from the country’s 5G telecommunications network if it’s in the best interests of national security. “We will prohibit components if they pose a serious security risk,” Faeser said. “The network operators will have to act and dismantle … Read More
Some 66% of respondents said they were more likely to back a candidate in the 2024 presidential election who “supports additional tariffs on Chinese imports.” Bipartisan majorities of Americans favor more tariffs on Chinese goods and believe that the United States needs to step up preparations for military threats from the country, according to a … Read More
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
