“We expect the European Commission to impose duties in the 15-30 percent range. But even if the duties come in at the higher end of this range, some China-based producers will still be able to generate comfortable profit margins on the cars they export to Europe because of the substantial cost advantages they enjoy,” the … Read More
Mexican authorities assert that the federal government has the duty to implement the necessary mechanisms to generate stability in domestic industry sectors and provide for the elimination of trade distortions, in an effort to safeguard the balance of the global market in accordance with international law and Mexico’s international commitments. The authorities add that, as … Read More
French President Emmanuel Macron warned Thursday that Europe faces possible demise if it does not take bold action to tackle U.S. and Chinese protectionism, amid serious geopolitical threats from authoritarian regimes. In a bleak and solemn speech delivered at the Sorbonne University in Paris that frequently returned to the theme of a fast-changing global order, … Read More
“Stakeholder concerns remain about long-standing issues including technology transfer, trade secrets, counterfeiting, online piracy, copyright law, and patent and related policies,” the Office of the US Trade Representative said in an annual report released Thursday on the state of IP protection and enforcement among America’s trading partners. “China needs to complete the full range of … Read More
Economists have enjoyed significant influence over U.S. economic policy since the Great Depression. In Bill Clinton’s presidency (1993-2000), economist influence may have reached a peak. With Larry Summers and Bob Rubin at Treasury, Robert Reich at Labor, and Martin Baily at the Council of Economic Advisers, economists were seemingly everywhere in Washington. Bill Clinton even … Read More
About 33 percent of Chinese companies surveyed reported a deterioration in the business environment within the European Union in 2023, according to a report released by China’s top foreign trade and investment promotion agency on Sunday. Some EU member economies have developed a toolkit of protectionist policies, which have made it more difficult for foreign … Read More
Drs. Glynn Tonsor (Kansas State University) and Derrell Peel (Oklahoma State University)implore their readers to be discerning students of the trade data influencing their business, sifting out the noise and meaningless talking points related to trade policy: Given persistent misunderstanding and market dynamics in the global marketplace, periodic updated assessments are encouraged. Read the article.
China can withstand any new tariffs the world throws at it – even the punitive ones Donald Trump is planning if he wins a second presidential term – because its prices are simply too competitive to resist. That’s the predominant view at this month’s Canton Fair. Many buyers and sellers at China’s biggest trade event, held in … Read More
China’s foreign trade, buoyed by the steady upturn of the domestic economy and an improved trading structure increasingly driven by high-tech and green products and export market diversification, will continue to exhibit resilience this year, according to officials and executives on Friday. “The performance of foreign trade is closely linked to the domestic economy,” Guo … Read More
Biden’s demand to raise the current 7.5% average tariff on steel and aluminum is an effort to make clear that his administration’s recent warnings about China’s trade practices are not empty threats. “These are strategic and targeted actions that are going to protect American workers and ensure fair competition,” Biden added. “Prices are unfairly low … Read More
