“If we want greater adherence to the USMCA’s ‘rules of origin’ provisions, the consequences for noncompliance [have] to be greater than 2.5 per cent,” Jason Wade, top administrative assistant to UAW President Shawn Fain, told officials with the Office of the U.S. Trade Representative and the Interagency Committee on Trade in Automotive Goods. “We have … Read More
“The safeguard measure has resulted in positive industry adjustments in terms of significant expansion and investment in domestic solar module manufacturing and announced plans to restart domestic solar cell manufacturing,” the International Trade Commission (ITC) concluded. Read the article.
The value of imports fell 3.6%, while exports of goods and services increased 1.2% to a record high. US petroleum surplus climbs to record $30.1 billion. Capital goods, consumer goods, motor vehicle exports were highest ever. Imports of consumer goods declined to lowest since 2020. Read the article.
The International Trade Commission shot down a push by steelmaker Cleveland-Cliffs and the United Steelworkers union seeking tariffs on imported steel used for cans. Cleveland-Cliffs and the union petitioned the federal government for tariffs last summer, arguing that imports of the steel, known as tinplate, were siphoning demand from Cleveland-Cliffs’ Weirton, W.V., plant. The company … Read More
“The safeguard measure has resulted in positive industry adjustments in terms of significant expansion and investment in domestic CSPV module manufacturing and announced plans to restart domestic CSPV cell manufacturing,” the ITC concluded in its 408-page assessment. American production of solar equipment has increased in the face of tariffs, but that hasn’t stemmed losses by … Read More
US efforts to promote the expansion of India’s solar industry may have opened a back door to components made with forced labor in China. India’s largest solar producer, Waaree Energies Ltd., has sent millions of panels to the US with components from a Chinese company whose products were repeatedly denied entry to the US market … Read More
Tesla CEO Elon Musk has urged for increased tariffs on Chinese electric vehicles (EVs) in order to protect the global car industry from the competitiveness of China’s EV market. Musk expressed his concern during Tesla’s fourth quarter earnings call, stating that Chinese car companies are the most competitive in the world and without trade barriers, … Read More
The proposed reduction is 94% less than what the import tax is now. The move is the latest turn of a catfish war dating back to just before the turn of the century. Brad Graham became a first-generation catfish farmer in 1997 when he says business was growing, but not long after imports of Vietnamese … Read More
Three Senate Democrats joined Sen. Marco Rubio (R-Fla.) to call for increased tariffs on imported Chinese solar panel components Tuesday. The senators cited a 2023 study indicating Chinese-made panels are as low as 15 cents per watt, less than half that of a panel produced in the U.S. “By 2026, China will have enough capacity … Read More
Really? The Trump-Biden tariffs have resulted in record-low unemployment, wages outpacing inflation, and plentiful jobs. Corporate profits reached a record high in the third quarter of 2022. The third quarter 2023 total was just shy of the record set in 2022. These higher profits allow American companies to adjust to higher borrowing costs and higher … Read More
