“…it took the economic shocks of the 1830s and 1840s to weaken his attachment to laissez-faire and convert him to protective tariffs. As the owner of a paper mill and coal mine, Carey had firsthand experience of the devastating impact of the Panic of 1837 on commerce. From 1848 onwards, Carey started to argue that … Read More
In the aluminum industry, closing a smelter is an agonizing decision. Once power is cut and the production “pots” settle back to room temperature, it can take many months and tens of millions of dollars to bring them back online. “History has proven, once aluminum smelters go away, they don’t come back,” said Mark Hansen, … Read More
Over the last eight years, Prime Minister Narendra Modi has increased 3,000 tariffs, hitting 70 percent of the country’s imports. Tariffs are front and center in Modi’s drive to make India more economically “self-sufficient.” They also add central budget revenue. But even against this backdrop, the new solar tariffs are striking. Read the article.
The Coalition for a Prosperous America (CPA) today applauded the Office of the United States Trade Representative (USTR) for formally initiating the process to continue the Section 301 China tariffs that were imposed to combat massive intellectual property theft by China that is directly harming American workers and U.S. manufacturers. As part of the process, … Read More
The Biden administration will allow Trump-era tariffs on hundreds of billions of dollars of Chinese merchandise imports to continue while it reviews the need for the duties. The tariffs will continue after the administration received a formal request from businesses benefiting from them, the Office of the US Trade Representative said in a statement Friday. It … Read More
If you thought transatlantic trade wars were a forgotten relic of Donald Trump’s presidency, think again. The EU is threatening to pull out the big guns if Washington doesn’t change its new tax credits for electric vehicles, which will incentivize U.S. consumers to “Buy American” when it comes to getting a greener car. Read the … Read More
“For European businesses, on the other hand, access to the Indian market is difficult,” said Euratex. “This is because they must face non-tariff barriers (relating to proof of origin and quality control measures among others), as well as contend with Indian national and state level support programs which distort equal opportunities between European and Indian … Read More
A Paris-based French economist has said that the Chips and Science Act passed by the U.S. Congress is a purely protectionist law. Jean-Marc Daniel, an economist, professor and editor of the magazine Societal said in a recent interview with Xinhua that historically all countries that turned to protectionism have been losers. Read the article.
“American made” isn’t just a slogan. Behind these words are millions of good-paying jobs for hardworking families. I have been saying for years that the best social program is a good-paying job. For generations, a simple idea has defined the American Dream: that if you work hard and play by the rules, you can make … Read More
Domestic producers often pay double—or more—in federal taxes compared to large multinational competitors that have offshored production and shift profits to tax havens. Read the article.
