When efficiency and low cost are the only motivators, production moves outside our borders. It becomes increasingly consolidated in one economy—such as China — which manipulates cost structures, controls key industries, and became a dominant supplier for many important goods and technologies.” – Katherine Tai, June 2023, National Press Club, Washington DC. Read the article.
Last year, the EU announced that it would demand importers refuse any food products treated with neonicotinoid insecticides, despite the fact that EU member countries still have emergency derogations for these chemicals. American farmers use these chemicals to prevent major crop losses through crop-eating insects. Read the article.
Strangling the business operations of one of America’s most successful companies, a company that employs 190,000 people and has a market value of over $1.5 trillion, is a direct economic attack on the U.S. Washington should not tolerate this blatant economic attack on American interests. Read the article.
“We look forward to working closely with Dr. Agama, the USTR textile team and U.S. Trade Representative Ambassador Katherine Tai to advance policies that provide incentives for onshoring and nearshoring production and bolstering the industry’s competitiveness, while enforcing policies that address illegal trade practices that undermine this industry,” said Kim Glas, President and CEO of … Read More
Most goods imported from China have currently zero or a very low tariff levied on them. The weighted average of last year’s imports was 2.5% under MFN. The tariff rate under MFN removal would result in a 39.9% weighted tariff rate. Since 2001, the trade deficit with China has grown by about $300 billion to … Read More
Chinese State Councilor and Foreign Minister Qin Gang on Friday called on member states of the Shanghai Cooperation Organization (SCO) to uphold strategic independence and deepen security cooperation. The more chaotic and intertwined the international situation is, the more firmly the SCO, as a key constructive force in global and regional affairs, should display the … Read More
The House Ways and Means committee voted Wednesday, with Democratic support, to advance to the floor a bill that would undo a two-year Biden administration pause on duties as high as 254% that threatened to paralyze the US solar industry — and place companies on the hook for retroactive duties estimated to be more than … Read More
“America’s manufacturers came together during COVID to rapidly and successfully ramp up production of healthcare equipment,” said CPA Chair Zach Mottl. “However, many of the Section 301 China tariffs were also waived at the same time, undercutting incentives to invest in domestic production. Now that the emergency declared under the Public Health Service Act is expiring, there’s … Read More
Sen. Daniel Sparks believes that the opinion was wrong, and that it is necessary to clarify the law through this bill. Opponents of the bill, like England and Sen. Joey Fillingane, R-Sumrall, say it is “protectionism” – with the legislature interfering in the free market to lessen the impacts of an emerging industry on existing businesses. … Read More
Of the dozen young conservative voters Reason interviewed at the Conservative Political Action Conference (CPAC), a significant majority voiced waning support for free market values, instead favoring regulation, protectionism…and globalism. Read the article.
