The Biden administration plans to broaden curbs on U.S shipments to China of semiconductors used for artificial intelligence and chipmaking tools. The Commerce Department intends to publish new regulations based on restrictions communicated in letters earlier this year to three U.S. companies — KLA Corp, Lam Research Corp, and Applied Materials Inc. Read the article.
South Korea is considered a strong ally of the U.S. But it must be pointed out, despite writing rules into the U.S.-Korea free trade agreement meant to help our domestically-made vehicles enjoy success in the Korean market, that never really happened. They’ve always sent us ten vehicles for every one we send them. Read the … Read More
“…it took the economic shocks of the 1830s and 1840s to weaken his attachment to laissez-faire and convert him to protective tariffs. As the owner of a paper mill and coal mine, Carey had firsthand experience of the devastating impact of the Panic of 1837 on commerce. From 1848 onwards, Carey started to argue that … Read More
In the aluminum industry, closing a smelter is an agonizing decision. Once power is cut and the production “pots” settle back to room temperature, it can take many months and tens of millions of dollars to bring them back online. “History has proven, once aluminum smelters go away, they don’t come back,” said Mark Hansen, … Read More
Over the last eight years, Prime Minister Narendra Modi has increased 3,000 tariffs, hitting 70 percent of the country’s imports. Tariffs are front and center in Modi’s drive to make India more economically “self-sufficient.” They also add central budget revenue. But even against this backdrop, the new solar tariffs are striking. Read the article.
The Coalition for a Prosperous America (CPA) today applauded the Office of the United States Trade Representative (USTR) for formally initiating the process to continue the Section 301 China tariffs that were imposed to combat massive intellectual property theft by China that is directly harming American workers and U.S. manufacturers. As part of the process, … Read More
The Biden administration will allow Trump-era tariffs on hundreds of billions of dollars of Chinese merchandise imports to continue while it reviews the need for the duties. The tariffs will continue after the administration received a formal request from businesses benefiting from them, the Office of the US Trade Representative said in a statement Friday. It … Read More
If you thought transatlantic trade wars were a forgotten relic of Donald Trump’s presidency, think again. The EU is threatening to pull out the big guns if Washington doesn’t change its new tax credits for electric vehicles, which will incentivize U.S. consumers to “Buy American” when it comes to getting a greener car. Read the … Read More
“For European businesses, on the other hand, access to the Indian market is difficult,” said Euratex. “This is because they must face non-tariff barriers (relating to proof of origin and quality control measures among others), as well as contend with Indian national and state level support programs which distort equal opportunities between European and Indian … Read More
A Paris-based French economist has said that the Chips and Science Act passed by the U.S. Congress is a purely protectionist law. Jean-Marc Daniel, an economist, professor and editor of the magazine Societal said in a recent interview with Xinhua that historically all countries that turned to protectionism have been losers. Read the article.
