World’s Top Alumina Supplier Australia Bans Exports to Russia
Australia, the world’s biggest exporter of alumina, announced a ban on shipments to Russia. Alumina is the key ingredient for producing aluminum. Read the article.
made in the USA
Canadian Manufacturers Face a New Buy American Policy on Construction Materials
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
U.S. Lifts Tariffs on Ukrainian Steel in Symbolic Move
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.
Here are the 53 Senators Who Want to Cut China Tariffs
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.
Sen. Hawley Calls on Biden Admin to Keep Tariffs on Chinese Goods Intact
Sen. Josh Hawley, R-Mo., requested the Biden administration keep tariffs on Chinese goods in place, while also calling for an investigation into China’s alleged unfair trade practices, citing a letter from U.S. Trade Representative Katherine Tai that was published in a Washington Examiner report. Read the article.
How ‘free’ trade ends up costing U.S. taxpayers
Free traders have constantly dismissed “Buy American” advocates, policies, and legislation by claiming that importing products from foreign countries that could be made in America is cheaper for the consumer. Read the article.
The dangerous new anti-globalization consensus
The long-time critics of globalization who warned us that it would end badly are having a told-you-so moment. Porous borders, free trade, and thinly stretched supply chains would make the world more fragile, they cried, leaving countries dangerously vulnerable to disruptions and shocks. It took a protectionist US president, a global pandemic, and a new … Read More
What would Hamilton say about China?
In 1791, Hamilton issued his Report on Manufacturers and a prime point he made was the importance of national self-sufficiency. As Hamilton argued: “Not only the wealth; but the independence and security of a Country, appear to be materially connected with the prosperity of manufactures. Read the article.
Semiconductor Manufacturing Becomes Problem for Defense Industry, Senate Armed Services Committee Says
Reliance on Asia for microelectronics, or semiconductors, is increasingly seen as a big problem for the Department of Defense (DoD). While the U.S. designs chips, they are mostly all offshored to be made in Asia, led by Taiwan and South Korea. Read the article.
Firm U.S. Durable Goods Orders Underscore Resilient Investment
Orders placed with U.S. factories for durable goods rose in March, pointing to sustained investment in business equipment that is helping drive economic growth. Read the article.