Firm U.S. Durable Goods Orders Underscore Resilient Investment
Orders placed with U.S. factories for durable goods rose in March, pointing to sustained investment in business equipment that is helping drive economic growth. Read the article.
tariffs
SORRY, CHINA. MOST AMERICANS SUPPORT HIGHER PRICES ON YOUR IMPORTS.
61% of voters believe that increased imports have made the United States dependent on China for goods that are critical to the US economy and US national security. 60% of voters are opposed to China continuing to receive trade status as the most favored nation with the United States, giving the country a tariff of … Read More
With Trump gone, Republicans look to weaken his China tariffs
Republicans in both chambers are backing trade language in the Senate’s China competition bill that would roll back some of the tariffs — instead of a more protectionist proposal from House Democrats. Republicans are balking at the protectionist trade provisions included in House legislation to help the U.S. economy compete with China, which passed the … Read More
CPA to Federal Retirement Board: Investing Federal Pension in Chinese Companies is Economic Treason
The Coalition for a Prosperous America today called on the Federal Retirement Thrift Investment Board to abandon reported plans that it is poised once again to start investing the retirement funds of participants in the Thrift Savings Plan in companies owned or controlled by the Chinese Communist Party (CCP). Read the article.
Nations must secure global supply chains, prevent inflation shocks: Xi Jinping at WEF
“History has proved time and again that confrontation does not solve problems, it only invites catastrophic consequences. Protectionism and unilateralism can protect no one, they ultimately hurt the interests of others as well as one’s own. Read the article.
The Strange Career of Paul Krugman
Krugman’s prestige and skill as a polemicist helped persuade elite media outlets, think tanks, government agencies, and business institutions that they could ignore the experts from varied backgrounds who were raising alarms about the consequences that offshoring U.S. manufacturing would have for supply chain fragility, domestic jobs, and U.S. military power. By the time Krugman … Read More
WTO declares US tariffs on Spanish olives illegal
The United States did not comply with international trade rules when it imposed rates between 30% and 44% on imports of Spanish black olives, the World Trade Organization ruled on Friday. Donald Trump’s administration argued that tariffs should be imposed on Spanish producers, and that the money was transferred directly to companies that exported. Read … Read More
U.S. Court Reopens Solar-Tariff Loophole That Trump Killed
A U.S. trade court has reinstated a tariff exemption on some imported solar panels, a decision that benefits domestic clean-energy developers. As a result of the court’s ruling, all of the companies that paid tariffs under the Trump era proclamation will receive refunds, according to the industry trade group Solar Energy Industries Association. Read the … Read More
Asia Solar Manufacturers Soar After U.S. Says No to Tariff Probe
Chinese solar manufacturers are surging after the U.S. rejected a request to investigate whether they were circumventing existing tariffs, a move that critics warned would drive up costs for clean power and escalate tensions with China. Read the article.
The rise of populism in advanced economies: blame it on globalisation?
Protectionism and isolationism have been growing throughout the world, in what became known as the backlash against globalisation. Iinternational trade is not the only factor causing the upheaval. Society must manage the distributional consequences of structural change in a more inclusive way. Read the article.