The Coalition for a Prosperous America (CPA) today applauded Senators Sherrod Brown (D-OH) and Rob Portman (R-OH) for leading a bipartisan letter to President Joe Biden in support of continuing the Section 301 tariffs imposed on China. Senators Mitt Romney (R-UT), Kevin Cramer (R-ND), Mike Braun (R-IN), Rick Scott (R-FL), James Inhofe (R-OK), Bob Casey … Read More
The US is requesting dispute-settlement consultations for a second time over Canada’s dairy quotas, alleging that they’re undermining access that the nation agreed to provide American producers. The Biden administration is challenging Canada’s dairy tariff-rate quota allocation measures, which deny access to eligible applicants including retailers, foodservice operators, and other types of importers, Read the … Read More
Treasury Secretary Janet Yellen is arguing for repealing a broad set of U.S. tariffs, allegedly as a way to fight inflation. Her argument is said to rely on a set of reports[1] published in March by the Peterson Institute that claimed that cutting tariffs would cut 1.3 percentage points off the U.S. rate of inflation. … Read More
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.
“History has proved time and again that confrontation does not solve problems, it only invites catastrophic consequences. Protectionism and unilateralism can protect no one, they ultimately hurt the interests of others as well as one’s own. Read the article.
Protectionism and isolationism have been growing throughout the world, in what became known as the backlash against globalisation. Iinternational trade is not the only factor causing the upheaval. Society must manage the distributional consequences of structural change in a more inclusive way. Read the article.
Trade remedies helped U.S. manufacturers survive being swamped by Asian overcapacity, protected domestic labor markets, and never led to the devastation and disruption the opposition warned about if imports were curtailed. Solar and steel are two cases in point and are the most well-known. Kitchen cabinets are another sector that’s expanded due to trade remedies. … Read More
President Joe Biden’s administration dashed hopes for a softer approach to the World Trade Organization by pursuing a pair of his predecessor’s strategies that critics say risk undermining the international trading system. The U.S. delegation to the WTO, in a statement Monday obtained by Bloomberg, backed the Trump administration’s decision to label Hong Kong exports … Read More
