The India Shrimp Tariff Act raises U.S. tariffs to be equivalent to subsidies received by the Indian shrimp farming industry. India is the world’s top shrimp exporter, accounting for roughly 40 percent of U.S. shrimp imports, largely due to massive state subsidies. “We wholeheartedly support Senator Cassidy’s effort to deploy import tariffs on Indian shrimp … Read More
Former Senator Phil Gramm’s recent WSJ opinion article “Trump’s Trade Was Was a Loser” gets many things wrong about U.S. trade policy. Concerningly, Mr. Gramm makes numerous statements, representations, and conclusions without supporting facts and documentation. His views are nevertheless flawed and dangerously misleading. As such, it is necessary to examine the facts and historical … Read More
Conversations about “trade” must encompass the national interest, broadly drawn, rather than a narrow set of economic parameters. Like “the business of America is business,” free traderism is a model, an ideological statement of how the world ought to be—“business” or “trade” abstracted from specifics or political context. It cannot guarantee that improvements in one … Read More
Emphasising that a self-reliant India should not be mistaken as “economic protectionism,” external affairs minister S Jaishankar has said India is open to collaborations but on its terms, on its strategic pathways. “That is one of the differences today in India. We speak today of a self-reliant India.” Read the article.
Our model finds that increasing tariffs on imports from China to the Column 2 rate would increase real household incomes by $3,647, or 4.9%, and create 2 million new jobs. In 2022, the $382.9 billion trade deficit with China accounted for 32% of the $1.19 trillion total U.S. trade deficit. As our research shows, this … Read More
While the bigger companies were profiting off cheap Chinese assembly lines and access to the Chinese market, smaller and midsized manufacturers were getting creamed by competition with the country’s cheap imports. “The reality [is] that the consumer who enjoys the low prices of imported goods is also a worker who must withstand the downward pressures … Read More
The EU has been focused on de-risking itself from China. However, facts and figures show China has already been de-risking “for decades,” the EU chamber head says. Beijing has developed multiple de-risking plans in recent years such as the Made in China 2025 plan, the dual circulation model and the government’s self-reliance strategies. Read the … Read More
Officials speaking on condition of anonymity recalled the solar industry debacle a decade ago, when cheap imports from China gutted European production. One of the officials said Europe’s auto industry could potentially be vulnerable in the same way and so the EU faces a binary choice: Either it affirms its power or submits to China. … Read More
U.S. Customs data shows that solar module imports in the first seven months this year were up 179% over the same period last year. The U.S. government must consider more aggressive action to tariff imports, and to block Chinese solar companies from claiming U.S. tax credits for building manufacturing facilities here aimed at eliminating emergent … Read More
According to the Australian Strategic Policy Institute’s critical technology tracker, China is a world leader in 37 of 44 critical technologies that underpin competitiveness in the industries of the future. There is a legitimate conversation to be had about certain sensitive product dependencies that threaten every country’s economic, health or military security. Read the article.
