Clinton assured Congress that China would “open its markets.” American companies could “sell and distribute products in China … without being forced to relocate manufacturing to China.” Best of all, Clinton vowed that the United States would “be able to export products without exporting jobs.” Two decades later, we know this was wrong. America’s annual … Read More
“When you watch China, you do not have a real conversation with them. Everything they tell you is a complete lie. They never follow through on anything, whether it is a trade deal or following the rules of the World Trade Organization, or whatever they think, they never follow through. So in that case, there … Read More
“Our trade policy should support American jobs at any opportunity. Should we change the rule so that GSP countries increase their rule of origin threshold, which is now only 35%?” The ultimate goal would be to make sure that some of that 65% is Made in the U.S.A. Right now, the U.S. is not included … Read More
If Europe does indeed follow America in becoming more protectionist, it will do so for similar reasons – a fear that Chinese competition is undermining Europe’s industrial base and with it social and political stability. The automotive sector provides more than 6 percent of jobs in the EU, according to the European Commission. This is … Read More
Trina Solar, which has come off a record H1 in revenues and profits, has decided to spend $200 million on a solar plant in Texas. The move comes even as Chinese firms remain embroiled in tariff-related issues for sales in the US, a key export market. Read the article.
Our simulation finds that the tariff change would increase economic growth and create opportunity for Americans through increasing incomes and job creation. Under the proposal, real household incomes would increase by nearly $8,000 and 3.3 million new jobs would be created. Real GDP would grow by 3.61%. Read the article.
The USITC March 2023 report showed that the Section 301 and 232 tariffs boosted production in all twelve of the industries studied. The report shows that price increases in the product categories targeted with tariffs were in the 3%-4% range, contrary to mainstream media narrative—most of the tariffs targeted intermediate (industrial) goods. Downstream goods, including consumer … Read More
The US tariff on EVs coming from China completely wipes out the 20% to 25% cost advantage China has because of lower labor costs, local suppliers and vertical integration. In Europe, the tariff on Chinese EVs is 9%. The only way for the Chinese to sell EVs in the US competitively is to make them … Read More
Congress leader Priyanka Gandhi Vadra on Tuesday slammed the Centre over its decision to reduce customs duty on apples imported from the US, saying it will make import of American apples easier and the move has come at a time when apple growers were facing problems. Read the article.
Gone are the days when free trade was the answer to everyone’s prayers. Even the International Trade Commission couldn’t run the numbers in a 2022 report on NAFTA and the Korea-U.S. Free Trade Agreement to make it look like anything more than a boom for multinationals who either shifted production to Mexico or got to … Read More
