Note: The U.S. isn’t one of them. Most are emerging markets and developing countries, which have experienced significant trade growth. In 2020, the global merchandise trade in developing economies soared from 39% in 2000 to 47% in 2019. Read the article.
“Those big monster car manufacturing plants you are building in Mexico right now and you think you are going to get that — not hire Americans and you’re going to sell the car to us, no,” Trump said. “We are going to put a 100% tariff on every car that comes across the lot.” Read … Read More
Former President Donald Trump is sticking by his plan to raise tariffs on all Chinese exports to the U.S. and said he isn’t worried about retaliatory levies from Beijing. Mr. Trump said Monday that China was “petrified” of tariffs he imposed during his term, giving the U.S. leverage in the trade relationship. “China is right now our boss, they are the boss … Read More
Nippon has been charged in at least 10 anti-dumping cases over the last 10 years. Nippon fully owns Wheeling-Nippon Steel located in West Virginia. They own another historic Pennsylvania company – Standard Steel LLC – acquired in 2011. They are in as many joint ventures across the steel product line here in the U.S. as they are in mainland … Read More
Three Senate Democrats from auto manufacturing states on Thursday urged the Biden administration to hike import tariffs on Chinese electric vehicles to address national security risks, the latest push by lawmakers to protect the U.S. auto sector. “Allowing heavily subsidized Chinese vehicles to enter the U.S. marketplace would endanger American automotive manufacturing,” said the letter … Read More
Electric vehicles made in China must be registered with customs authorities in the European Union from Thursday as the bloc looks to apply retroactive tariffs from its ongoing probe into subsidies in the Chinese industry. The move, which was signalled in a document bearing the stamp of European Commission President Ursula von der Leyen published on Tuesday night, means … Read More
Marco Rubio, the top Republican on the Senate Intelligence Committee, said the legislation is aimed at preventing China “from flooding U.S. auto markets.” Senator Rubio is also proposing legislation to extend tariffs to vehicles produced by Chinese automakers in other countries. Read the article.
Over recent years, a notable shift has been observed in the global economic and cultural exchange trajectory, marking a departure from the rapid pace of globalisation towards what is increasingly termed ‘slowbalisation’ in economic literature. Slowbalisation is the perceived trend away from the rapid globalisation that characterised much of the late 20th and early 21st … Read More
The 2024 Trade Policy Agenda and 2023 Annual Report to Congress released by the office of US Trade Representative Katherine Tai, sought continued action against “harms wrought” by what it called Beijing’s “trade and economic abuses”. “We are also considering all existing tools – and will seek new ones as needed,” the report said, contending … Read More
The Protecting American Autoworkers from China Act would, increase the base tariff rate of auto imports from China to 100 percent, for a total tariff of 125 percent on all imported autos from China and apply the higher tariffs to all imported autos manufactured by Chinese automakers, irrespective of where the car is manufactured. “If … Read More
