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UNCONSTITUTIONAL

Our Founding Fathers Rejected
FREE TRADE And So Should We


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US Automobile Industry Faces High Sourcing Risk, Fed Study Finds

The US automobile industry faces some of the highest supply-chain risks, due to geopolitical factors and sourcing of electronic components like semiconductors, according to a new sourcing risk index from economists at the Federal Reserve. The aerospace, light-truck and computer equipment industries are also vulnerable, according to researchers Andrea De Michelis and Mariano Somale, who quantified risks to US manufacturers … Read More

Tariff Relief Hasn’t Helped America’s Poorest Trading Partners

For the past 50 years, the United States has provided economic assistance to dozens of countries. Central to this effort has been “trade liberalization” — the idea that the United States can help developing countries by importing more of their goods. Its proponents call this “trade, not aid.” But in reality, these efforts have failed … Read More

Biden keeping Trump’s China tariffs despite Beijing’s plea

The United States is not going to cancel its additional tariffs imposed on Chinese goods despite Beijing’s call for their removal at recent top-level bilateral meetings in Beijing, but may try to make them more “strategic” after a review. “We are not going to sell the most sophisticated American chips to China that they want … Read More

US, EU Plan New Chinese Steel Tariffs in Bid to End Trump-Era Trade Conflict

Any new tariffs would deal a blow to Chinese steelmakers, which have been shipping increasing volumes this year due to weak demand at home. The depreciation of the yuan has bolstered the attractiveness of Chinese steel exports, putting volumes on track for the highest since 2016. Any additional tariffs would increase the cost of those … Read More

US extends tariff exclusions on some Chinese categories till end of 2023

The import tariff exclusions include industrial components such as pumps and electric motors, some car parts and chemicals, bicycles and vacuum cleaners. The COVID-related exclusions include medical products like face masks, examination gloves and hand sanitizing wipes. Read the article.

The Global Economy’s Real Enemy is Geopolitics, Not Protectionism

“The era of free trade seems to be over. How will the world economy fare under protectionism?” What some decry as protectionism and mercantilism is really a rebalancing toward addressing important national issues. The biggest risk to the global economy stems not from this broader reorientation – which should be welcomed. Read the article.

DOC issues preliminary ruling on high tinplate steel tariffs

The United States Department of Commerce (DOC) recently issued a preliminary ruling on imposing tariffs of up to 300% on tinplate steel materials imported into the United States from Canada, China, Germany, South Korea, Taiwan, Turkey, the Netherlands and the United Kingdom. Read the article.

Mexico: Government imposes temporary import duties on the importation of goods classified in 392 tariff items

The decree focuses on the implementation of temporary import duties ranging between 5% and 25% on goods classified in 392 tariff items covering steel, aluminum, bamboo, rubber, chemical products, oils, soap, paper, cardboard, ceramic products, glass, electrical material, musical instruments, and furniture. These temporary duties are applicable as of 16 August 2023 and until 31 … Read More

Challenges to implement tariff policy

The government has finally prepared a national tariff policy to boost trade competitiveness and enhance consumer welfare. Titled ‘National Tariff Policy 2023’, it is the first-ever tariff policy of the country, which is expected to remove the anomalies in the existing tariff structure and highlight the country’s trade-related priorities. The policy has also set a … Read More

Foreign-made tin products are killing another vital US industry

Illegal dumping of foreign-made tin mill products — when a company or country exports these products at a price lower than the price charged in its home market — has cost thousands of workers their jobs over the past few years. And it’s rapidly wiping out the rest of an industry crucial to the nation’s … Read More

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