More Americans trust former President Trump’s approach to trade than President Biden’s but are split on their approach to tariffs on China, according to a new survey. The YouGov poll, released Friday, found 42 percent of Americans somewhat approve of Trump’s approach to foreign trade, 11 percent higher than Biden’s 31 percent. At the same time, … Read More
For those who roam within credentialed economic circles and discuss markets with hedge fund managers at the Harvard Club, tariffs are sacrilegious. Speak kindly of them and you’re a free market heretic. It’s practically un-American. Sadly for them, tariffs that began in 2018 have not destroyed the U.S. economy. The stock market did not crash. … Read More
A bipartisan group of U.S. lawmakers on Wednesday asked the Biden administration to impose higher tariffs on Chinese drones, including those shipped from other countries and new incentives to boost U.S. drone manufacturers. Representative Mike Gallagher, chair of the House China committee, the panel’s top Democrat Raja Krishnamoorthi and 11 other lawmakers urged the administration … Read More
Note: The U.S. isn’t one of them. Most are emerging markets and developing countries, which have experienced significant trade growth. In 2020, the global merchandise trade in developing economies soared from 39% in 2000 to 47% in 2019. Read the article.
“Those big monster car manufacturing plants you are building in Mexico right now and you think you are going to get that — not hire Americans and you’re going to sell the car to us, no,” Trump said. “We are going to put a 100% tariff on every car that comes across the lot.” Read … Read More
Former President Donald Trump is sticking by his plan to raise tariffs on all Chinese exports to the U.S. and said he isn’t worried about retaliatory levies from Beijing. Mr. Trump said Monday that China was “petrified” of tariffs he imposed during his term, giving the U.S. leverage in the trade relationship. “China is right now our boss, they are the boss … Read More
Nippon has been charged in at least 10 anti-dumping cases over the last 10 years. Nippon fully owns Wheeling-Nippon Steel located in West Virginia. They own another historic Pennsylvania company – Standard Steel LLC – acquired in 2011. They are in as many joint ventures across the steel product line here in the U.S. as they are in mainland … Read More
Three Senate Democrats from auto manufacturing states on Thursday urged the Biden administration to hike import tariffs on Chinese electric vehicles to address national security risks, the latest push by lawmakers to protect the U.S. auto sector. “Allowing heavily subsidized Chinese vehicles to enter the U.S. marketplace would endanger American automotive manufacturing,” said the letter … Read More
Electric vehicles made in China must be registered with customs authorities in the European Union from Thursday as the bloc looks to apply retroactive tariffs from its ongoing probe into subsidies in the Chinese industry. The move, which was signalled in a document bearing the stamp of European Commission President Ursula von der Leyen published on Tuesday night, means … Read More
Marco Rubio, the top Republican on the Senate Intelligence Committee, said the legislation is aimed at preventing China “from flooding U.S. auto markets.” Senator Rubio is also proposing legislation to extend tariffs to vehicles produced by Chinese automakers in other countries. Read the article.
