One after another, Latin American nations are following in the footsteps of the US and Europe by imposing prohibitive tariffs on Chinese imports — a strain in what’s been an otherwise cozy relationship. Mexico, Chile and Brazil have hiked — and in some cases more than doubled — duties on steel products from China over … Read More
President Biden’s decision last week to raise tariffs on roughly $18 billion of goods from China has revived a long-running debate in economics over who ultimately pays such tariffs. The topic, usually consigned to the academy, is spilling onto the presidential campaign trail, as President Biden and rival Donald Trump jockey over trade policy. With … Read More
Canada is seeing a surge of imports of Chinese-made EVs, particularly Tesla models made in Shanghai. The number of cars arriving from China at the port of Vancouver rose more than fivefold last year, to 44,400, after Elon Musk’s automaker started shipping Model Y vehicles made there. The situation is drawing howls of protest from … Read More
Those imports drove some American factories out of business, and they cost more than a million workers their jobs. Discount stores and online retailers, like Walmart and Amazon, flourished selling low-cost goods made overseas. But voters rebelled. Stung by shuttered factories, cratered industries and prolonged wage stagnation, Americans in 2016 elected a president who vowed … Read More
Chinese experts on Saturday urged Canadian politicians to maintain strategic sobriety and insist on an independent economic policy following media reports saying that Canada is considering whether to impose new tariffs on Chinese-made electric vehicles (EVs), even though US tariff hikes on Chinese EVs have been criticized for disrupting market competition and global industrial chains. … Read More
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
