Founded by US manufacturers of battery machines and equipment, US Battery Machine Builders (US BMB) unites behind the common goal of strengthening domestic manufacturing capabilities essential for US battery mining, processing, and manufacturing. By showcasing the quality, reliability, and innovation inherent in American-made products, the US Battery Machine Builders aim to encourage more companies to … Read More

Tariffs are essentially taxes imposed on imports on goods, which make them more expensive. There are different types of tariffs, also known as import duties:   a) ad valorem duty b) specific duty c) compound duty (a combination of the above two) d) mixed duty e) variable duty – Minimum Import Price (MIP) In certain cases, the exporters may agree with the … Read More

The U.S. is seeking EU tariffs on Chinese steel, which it believes contributes to global oversupply and harms U.S. producers. Simultaneously, the U.S. is hesitant to completely remove tariffs on European metals and instead seeks commitments from the EU to impose tariffs on Chinese steel in exchange for maintaining the suspension of tariffs on European … Read More

Josep Borrell, the EU high representative for foreign affairs, called for improved access for European companies that want to export to or invest in China. He said that political leaders in Europe could face pressure from voters to disengage from the world’s second-largest economy. The EU trade deficit with China topped $17 billion in September, … Read More

According to a study by the non-profit organization Coalition for a Prosperous America (CPA), which represents manufacturers, workers, and farmers, a 15-percent tariff on foreign imports, along with 35-percent tariffs on products in vital supply chains, would generate approximately 10 million jobs and more than $600 billion. Under the Trump Reciprocal Trade Act, if China … Read More

The Biden administration aims to promote “a different set of goals” with its trade policy, with an emphasis on engagement and supply chain resilience, U.S. Trade Ambassador Katherine Tai said. Tai insisted that with more economies, including the United States, grappling with domestic challenges and protectionism, “the goal is no longer to liberalize for liberalization’s … Read More

The difference between an undergraduate international trade economics class and a graduate-level class, is that an undergraduate economics class they teaches you that the ideal level of tariffs for any country is zero. Free trade rules! But in a graduate-level class, they teach you that tariffs can help a nation maximize its national income. What … Read More