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…
Details
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.…
Details
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…
Details
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…
Details
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…
Details
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…
Details
China’s influence in New Zealand is so extensive that it threatens the traditionally close intelligence contacts between New Zealand and its Western allies, according to a report written by the Canadian spy agency. Since World War II, New Zealand has been a member of what is sometimes referred to as the UK-USA Security Agreement. Known…
Details
Vice President Mike Pence called Canadian Prime Minister Justin Trudeau on Tuesday to demand Canada accept a five-year sunset clause in the North American Free Trade Agreement as a precondition for Trudeau to meet with President Trump in Washington, DC to work out the final contours of a NAFTA deal, Trudeau told reporters on Thursday. [Brett Fortnam…
Details
On January 19, 2018, the Secretary of Commerce (Secretary) transmitted to me a report on his investigation into the effect of imports of aluminum articles on the national security of the United States under section 232 of the Trade Expansion Act of 1962, as amended (19 U.S.C. 1862). In Proclamation 9704 of March 8, 2018 (Adjusting Imports…
Details
Washington – The Coalition for a Prosperous America (CPA) supports the Trump administration’s decision to end temporary exemptions from Section 232 steel and aluminum tariffs for Canada, Mexico, and the European Union. “We appreciate the work of President Trump, Trade Ambassador Robert Lighthizer, Commerce Secretary Wilbur Ross, and White House Trade Advisor Peter Navarro in…
Details