On March 8th, the president announced tariffs of 25% on steel imports and 10% on aluminum tariffs. The tariffs were levied under Section 232 of the 1962 Trade Act. Imports of both metals were reaching levels that seriously threatened US national security, including the reliable supply of metal for military use and use in vital…
There’s a lot of fuss right now about President Trump imposing tariffs on steel and aluminum imports. Critics fret about a trade war. Others worry there will be disruptions to global markets. [Dan DiMicco | June 3, 2018 | The Hill] Realistically, the president had no choice but to stand up for America’s steel and aluminum producers.…
Core concept: The overvalued dollar pushes US commodity prices down Around a decade ago, I was talking with a staffer of the Senate Commerce Committee about infrastructure. I gave a list of potential projects, including trains. He interrupted me and said that they don’t talk about trains there. [Dean Baker | June 3, 2018…
Summary note: The Coalition for a Prosperous America supports the legislation, referred to in this article, which would tighten incoming foreign investment restrictions. We are also very concerned about the takeover by Cosco Shipping, a Chinese company. If you owned a company, would you let your competitor monitor all your incoming and outgoing orders? In…
Note: The European Union’s effort to target dumping of Chinese bicycles is a continuation of Europe’s past actions to prevent China’s oversupply from flooding their market in many products. The US trade actions this year are merely catching up with what other countries do BRUSSELS (Reuters) – The European Union opened an investigation on Monday…
