“Editors note. This steel import surge from many countries, including ‘allies’, show why the 232 tariffs on steel are not limited to unfriendly countries.” Steel imports rose 12 percent in April and have captured 26 percent of the market share this year despite tariffs intended to strengthen the domestic steel industry. [Joseph S. Pete |…
Editors note: The Mexico challenge to US tariff actions will also challenge the future of the WTO if the institution continues being part of the problem by preventing the US from correcting our trade deficits. Mexico has started proceedings against the United States at the World Trade Organization (WTO), arguing that the tariffs that US President…
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…
Billings, Mont. – R-CALF USA announced today that the Trump Administration’s lifting of its temporary exemptions of Section 232 steel and aluminum tariffs for the European Union, Canada, and Mexico is the first step in revitalizing the nation’s ailing farm and ranch sectors, which are comprised primarily of family-scale operations. “For nearly half a lifetime the…
The U.S. government’s steel and aluminum tariffs went into effect — and they have already created an international furor. So mission number one is accomplished. The tariffs were intended to upset the applecart of an obsolete world trading system that is politically dangerous and economically disastrous. [Jeff Ferry | June 2, 2018 | The…
European Union leaders are considering how to retaliate against the United States, after President Trump imposed tariffs on steel and aluminium imports. Justin Webb speaks to Donald Trump’s former director of White House communications Anthony Scaramucci, while Nick Robinson speaks to Prof Greg Autry, who has worked on US trade policy with China; Bernd Lange, a…