While some commentators are fretting about President Trump imposing tariffs on a flood of subsidized steel and aluminum imports, it’s helpful to note that President Obama took a similar stance. Not only did he espouse strong trade rhetoric against China in his 2012 State of the Union address, but he also imposed tariffs on steel,…
President Trump on Thursday announced plans to impose tariffs on steel and aluminum “for a long period of time” as the administration works to bring both industries “back.” [ Jenny Leonard and Dan Dupont | March 1, 2018 | Inside US Trade] After a whirlwind of planning and confusion in the White House and among stakeholders, Trump held…
Emergency tariffs will help to protect domestic steel producers against surging imports Washington. The Coalition for a Prosperous American (CPA) strongly applauds President Trump’s announcement of Section 232 safeguard tariffs on an unprecedented surge of steel and aluminum imports. The US Commerce Department recently reported that a wave of heavily subsidized steel and aluminum from China and 11…
Less than two weeks after the Commerce Department made public its recommendations on remedies that could be imposed on steel and aluminum imports, President Trump on Thursday is expected to announce his decisions in both investigations under Section 232 of the 1962 Trade Expansion Act, sources told Inside U.S. Trade. [ Jenny Leonard | March 1, 2018 | Inside…
Perhaps it’s the natural human aversion to bad news — sometimes known as the “ostrich effect” — but few opinion leaders on U.S. economic policy appear willing to take a cold, hard look at the state of U.S. manufacturing. If they did, they wouldn’t be happy. First, U.S. manufacturing suffered catastrophic losses in employment and…
As U.S. Trade Officials meet with auto executives surrounding ongoing NAFTA sector negotiations, U.S.T.R. Ambassador Robert Lighthizer appears on Fox News to discuss ongoing trade initiatives with Laura Ingraham. It’s challenging to discuss the basic ‘fatal flaw’ within a modern NAFTA in a short discussion segment; however, Ambassador Lighthizer, Secretary Ross and the newly positioned Peter Navarro have a…
By Jeff Ferry, CPA Research Director The pundits who declare ominously that we are on the brink of a trade war have it wrong. In fact, we are in the midst of a war for domination of the world steel market. And as a quick look at the numbers makes clear, so far we are…
By Jeff Ferry, CPA Research Director The Department of Commerce report on steel imports and national security asks Americans a fundamental question: Are we going to defend the US steel industry from the decline caused by the growth of uneconomic foreign competition? Or, are we going to allow the industry to fade away and become…
Hello again. In this week’s Thomas Index we’re going to take a look at sourcing activity for steel and aluminum in the Thomas Network at Thomasnet.com, and how that activity may be influenced by proposed tariffs by the Trump administration. This past week, the Commerce Department Secretary Wilbur Ross recommended steep tariffs on foreign steel and…
Peter Navarro, whose influence on trade policy was seen as diminished when his office was moved under the National Economic Council last year, is being promoted to an “assistant to the president” role — a move likely to elevate his ability to impact looming trade actions and ongoing negotiations, sources briefed on the personnel decision…