The timing and strategic significance of these tariffs are critical. To address U.S.-China relations effectively, the U.S. needs to shift from a reactive to a proactive approach, leveraging its strengths creatively. During a recent Beijing visit, Secretary of State Antony Blinken warned China about supplying critical components to Russia for weapons production, saying that if … Read More
Chinese-built container cranes dominate the global port market, with ZPMC controlling a market share of 80%-plus for the past 20 years, and terminal managers are said to be increasingly concerned about new equipment procurement, given the lack of manufacturing capacity elsewhere in the world. Amid concerns among US security analysts that some China-manufactured cranes might … Read More
“I don’t believe that American consumers will see any meaningful increase in the prices that they face,” Secretary Yellen said Tuesday in an interview on the PBS NewsHour. Yellen also highlighted the importance of the Section 301 China tariffs to protect American manufacturers and workers. “It’s very important to protect our workers and our firms … Read More
The move, which Biden and his aides had telegraphed in remarks earlier this spring, was promptly condemned by leading trade groups, including those representing the U.S. tech industry and large importing corporations. But they barely elicited a peep from free traders in Congress, a dwindling population in recent years. That used to be a mainstream … Read More
A global trade war is starting, and China is at the center of it. A reckoning for Beijing’s economic model, which is designed to promote Chinese industry at the expense of the rest of the world, has long been coming. China’s trading partners have had enough. The result will be a wave of protectionism, with potentially … Read More
The decision reflects deep concern within the American automotive industry, which has grown increasingly worried about China’s ability to churn out cheap electric vehicles. American automakers welcomed the decision by the Biden administration on Tuesday to impose a 100 percent tariff on electric vehicles from China, saying those vehicles would undercut billions of dollars of … Read More
A US soybean trade group is pushing for higher levies on Chinese used cooking oil that it says is undercutting American crops used for biofuels. A group that represents the biggest US soybean processors, including Cargill Inc., Bunge Global SA and Archer-Daniels-Midland Co., wants the levies to be higher than the current 15.5% rate, according to a notice the National … Read More
Donald Trump famously and proudly declared himself Tariff Man during his presidency, and in his 2024 campaign has promised more import taxes if he is elected. But this week — if all goes as expected — President Joe Biden is seizing the moniker. Biden’s anticipated refocusing of Trump tariffs first rolled out in 2018 to … Read More
Mexican authorities assert that the federal government has the duty to implement the necessary mechanisms to generate stability in domestic industry sectors and provide for the elimination of trade distortions, in an effort to safeguard the balance of the global market in accordance with international law and Mexico’s international commitments. The authorities add that, as … Read More
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
