American breweries purchase more than $1 billion in grain, barley and other agricultural inputs from U.S. farmers every year. In a state like Iowa, where agriculture is the backbone of the economy and essential to the identity of our communities, that demand directly supports our way of life. Unfortunately, this connection is under threat due … Read More
Shein says it swung to a quarterly loss as its sales slowed after US President Donald Trump removed an import duty exemption on small packages. It also comes as uncertainty remains over the tit-for-tat US-China tariffs wars, which is currently paused. The fast-fashion giant, which has its headquarters in Singapore but was founded in China, … Read More
The Coalition for a Prosperous America (CPA) today released a new report, “The Hollowing Out of America’s Medicine Cabinet: Two Case Studies in Lost Generic Manufacturing – and a Plan to Rebuild Domestic Capacity,” documenting the collapse of U.S. generic pharmaceutical manufacturing and laying out a policy roadmap to rebuild it. The report finds that … Read More
While American cars and culture have always enjoyed a passionate following among hobbyists in Japan, American brands in the mainstream lag far behind not just Japanese domestic brands but European imports as well. This is slowly changing, but it’s not Chevrolet or Ford that is winning over Japanese buyers — it’s Tesla. The American electric car … Read More
Democrats in the US Congress have laid out plans for what they say would be the “boldest” bid to revitalize the country’s industrial heartlands since the second world war – using revenue raised by tariffs on China. A bill introduced this week would create a new bank to strengthen domestic manufacturing, provided with up to … Read More
The Chief Executive Officer (CEO), Centre for the Promotion of Private Enterprise (CPPE), Dr. Muda Yusuf, has said Nigeria is unlikely to suffer any significant economic setback from the decision by the United States Government to impose a 12.5 per cent tariff on imports from Nigeria, arguing that the country’s export structure and trading patterns … Read More
Robert Lighthizer uses U.S. bulk commodity agriculture as an example. “We’re more competitive, and we’re more discriminated against around the world. I’ve always said that no group suffers more from protectionism abroad than agriculture.” Speaking during the Iowa Farm Bureau Economic Summit earlier this month, he said politics get in the way of free trade. … Read More
A new wave of U.S. tariffs targeting 60 trading partners took effect on Friday, replacing an expiring global duty rolled out by President Donald Trump earlier this year. The levies, which range from 10% to 12.5% and impact major economies like China, India and the European Union, sparked protests from Beijing and other targets. “The … Read More
President Trump is invoking an unused provision of the 1930 Smoot-Hawley Tariff Act to impose additional tariffs on Canada over alleged discrimination against U.S. exports. Why it matters: As the Supreme Court limits Trump’s ability to wield tariffs and a temporary tariff stopgap expires, the president is turning to a rarely used tariff authority. While … Read More
U.S. President Donald Trump signed orders Monday to impose new 50% tariffs on many Canadian goods, claiming “discriminatory treatment” by Ottawa against American alcohol, automobile and dairy products. The tariffs take effect in 30 days and cover various items including wine, hockey sticks and cement, said the White House. Trump, who saw many of his … Read More
