When President Biden assumed office two years ago, proponents of free trade hoped it would signal a break from President Trump’s protectionist stance. To the chagrin of many, Biden’s trade policy remains a mystery. Some analysts believe Biden is continuing the neo-protectionism of the Trump era, although with a bit more polish. But I believe … Read More
“There will be some cases where tariffs get passed on to American consumers, but that’s nowhere near the norm. Compare that to real consumer taxes, like the gasoline tax, which is 100% paid for by consumers,” Benoit said. Made-in-China producers mostly absorbed the brunt of that tariff. Benoit gave the example of the Buick Envision, … Read More
On the day the GDP data was published, the President of the United States scheduled an event with unions in Springfield, on the outskirts of Washington, in Virginia. There he made a presentation of economic protectionism and dismissed international complaints (among them European ones) of his protectionism: “To hell with that,” he said, later laughing. … Read More
The Coalition for a Prosperous America (CPA) today applauded bipartisan legislation introduced by U.S. Representatives Bill Posey (R-FL) and Dan Kildee (D-MI) that will repeal President Biden’s Solar Emergency Declaration issued last June. Under the Congressional Review Act (CRA), Congress can repeal rules enacted by the executive branch if they were enacted within 60 legislative … Read More
It is tempting to blame radical changes to US trade policy on former US president Donald Trump, whose protectionist views were strongly held and clearly stated. However, many observers have been surprised by the Biden administration’s continuation of many of Trump’s policies, albeit with different rhetoric. This culminated in the United States’ rejection last month … Read More
We are already in danger of witnessing China’s surpassing the United States in critical areas economically, technologically, and militarily. It follows, then, that we must add an “American factor” to ensure that China does not successfully challenge America’s leadership in space. Read the article.
The United States imported some $4.4 billion worth of wooden cabinets, vanities and their components from China in 2018. The U.S. Commerce Department on Feb. 24 imposed anti-dumping duties of up to 262.2% and anti-subsidy duties of up to 293.5% in an investigation that started last year with a petition from the American Kitchen Cabinet … Read More
