By Charles Benoit, CPA Trade Counsel An upcoming vote in Congress will be on par with the 2001 decision to grant China Permanent Normal Trade Relations. And Senate Finance Republicans are supporting it. They need to see the light.
Seventy-five years after the General Agreement on Tariffs and Trade that led to the WTO, how has it turned out for the U.S.?
Cuba and North Korea don’t receive our Normal Trade Relations; Russian exports should face the same tariffs as they do. By Charles Benoit, CPA Trade Counsel Less than 10 years ago, by votes of 92-4 in the U.S. Senate and 365-43 in the House, Congress voted to grant Russia ‘Permanent Normal Trade Relations’ (PNTR). We…
By Charles Benoit, CPA Trade Counsel The American people don’t want to be dependent on China for things we need. But some senior Republicans in Congress continue to choose multinational corporations over Americans. By extension, they’re also choosing multinationals’ fealties to the Chinese Communist Party (CCP). The current GOP troubles started last summer, when Senator…
By Charles Benoit, CPA Trade Counsel Regrettably, the Biden Administration announced last week that they’re open to tariff cuts to imports of Made-in-China merchandise. First up are 549 different products, mostly machinery and technology products. But more may be coming. Ambassador Tai stated in her recent speech at the Center for Strategic and International Studies…
The Mexican & Guatemalan governments are working against their own peoples’ interests. Rather than weakening our rules of origin, North American leaders should be united in recapturing market share lost to China.
By Charles Benoit, CPA Trade Counsel All nations with a domestic car industry want to come out ahead in the transition to electric vehicles (EVs). But the truth is there will be winners and losers. Some are playing to win, and others aren’t. In this article, we’re going to take a look at India, a…
CPA Trade Counsel argues that if not for tariffs, Volvo wouldn’t be making cars in Charleston. We’d have Buick Envision-type deals of Detroit automakers making in China instead.
By Charles Benoit, CPA Trade Counsel By Charles Benoit, CPA Trade Counsel By the end of 2020, thousands of Chinese electric cars will have descended onto American streets. Everyone who buys one gets a $7,500 tax credit courtesy of Uncle Sam. But if you want to buy a current American-made electric car, like a Tesla…
By Charles Benoit, CPA Trade Counsel U.S. Trade Representative Robert Lighthizer recently published an op-ed in the Wall Street Journal detailing a five-point plan for reforming the World Trade Organization (WTO). Lighthizer’s plan received superficial criticism from all his usual detractors. But what he proposed is genius. Lighthizer’s plan will expose the hypocrisy of so-called…
