The tariff imposed will be a minimum of $7,000, according to a presidential decision published in the Official Gazette. The decision will be effective after 30 days. Turkey had raised customs duty on Chinese electric vehicles in 2023 to support the country’s first domestically produced EV. Turkey will raise tariffs on all vehicle purchases from … Read More

Some conflate foreign purchases of these assets with “investment,” but less than 5 percent of foreign direct “investment” goes toward building new American industrial capacity. The other 95 percent goes toward acquiring Treasury bonds (U.S. government debt) or stocks, bonds, and real estate from our private sector. Before the 1970s, foreigners held only 5 percent … Read More

What an utterly ridiculous thing to say that “trade protectionism helps nobody.” Not one person? Not one job was ever saved by U.S. protective tariffs? Not one American factory avoided closing and moving overseas? This only reinforces my earlier point that free traders are the most bereft-of-integrity academic thinkers in the U.S. today. Read the … Read More

Chinese-owned companies’ global market share in solar products is more than 80 percent. The current environment, if left unaddressed, threatens America’s ambitions of building a domestic solar manufacturing supply chain and mitigating the risk of an overreliance on Chinese solar. A recent analysis by the CPA Economics Team warned that the U.S. solar industry is … Read More

Longi Green Energy Technology Co. began gradually winding down activity at a plant in Malaysia this week after halting all five production lines at a facility in Vietnam the week before, Chinese trade publication Arfcg.com reported Tuesday. Instead of capturing a growing market, the new supply has overwhelmed demand, prompting US and European officials to … Read More

The USTR is inviting the public to comment on the proposed modifications included in its notice of May 28, 2024. The public can submit comments on the notice until June 28, 2024, through the USTR Comment Portal. The list of questions on which the USTR is seeking comments includes: The effectiveness of the proposed modifications … Read More

Secretary of Energy Jennifer Granholm said that the Biden administration’s plan to quadruple tariffs on imported Chinese electric vehicles to over 100% in August is crucial to the health of the U.S. auto sector. “We need to have that industry here,” Granholm said in an interview with Reuters on Tuesday. “If we didn’t do that, … Read More

China is taking its domestic economic problems and exporting them to the rest of the world, the US Ambassador to Japan Rahm Emanuel said, adding this strengthens the resolve of America and its partners to stand together. “China is not going to win the good neighbor award,” Emanuel said in a Bloomberg TV interview Tuesday. “There’s nobody … Read More

Americans used to pride themselves, open market, and free trade, and many still do today. But now it seems that US policy makers are increasingly deviating from the path, partly fueled by the the resurgence of populism at home. From the “America First” policy to the “Buy America” agenda, the country does not even bother … Read More