The monthly goods and services trade deficit between the U.S. and the rest of the world has skyrocketed by a whopping 8.7% to $74.6 billion in April, putting the month well above the three month trend line.
Holding China accountable for its illegal trade practices will allow for the growth of a more diverse, and more secure, solar supply chain, here in the United States.
This article includes details of products, rate increases, timelines, and the background behind the Biden Administration’s Section 301 Tariff Increase Proposal.
The next president should use every tool to rebuild America’s productivity, industrial base and middle class. And they should ignore the conventional economic textbook view that predicts calamity if those tools are used, especially because these predictions never come true.
U.S. Trade Representative Katherine Tai took to the Financial Times this week to re-state her position, and President Biden’s, that from now on, global trade has to benefit the common good.
The U.S. Senate Finance Subcommittee for International Trade, Customs, and Global Competitiveness took a one-sided view on the de minimis exemption in a hearing on Tuesday, rejecting anything but technocratic changes to the global duty-free rule for small packages priced under $800.
Treasury Secretary Janet Yellen was in Europe this week on a charm offensive from Washington, trying to convince leaders there to join forces in going after China on trade.
A new trade policy isn’t just emerging; it’s emerged. Six years after former President Donald Trump and his chief trade diplomat Robert Lighthizer imposed tariffs on nearly $400 billion worth of imported goods from China, President Biden has done the same.