Katherine Tai Defends Section 301 China Tariffs in Senate Hearing
In one of her best hearings yet, USTR Katherine Tai holds fast on why the U.S. needs the Section 301 tariffs on China.
Despite Soaring Profits, Corporations are Asking the Government for China Tariff Cuts, Consumer Benefit Doubtful
By Amanda Mayoral Summary Corporate profits grew by double and sometimes triple digits during the COVID-19 pandemic. Worker wages did not. Record corporate profits did not stop these importers’ lobbyists from pursuing even higher profits by petitioning for 301 China tariffs exemptions. Removing tariffs on Chinese imports will only further enrich transnational enterprises…
Tariffs and Inflation: The Dog that Didn’t Bark
Press reports say that Treasury Secretary Janet Yellen is arguing for repealing a broad set of U.S. tariffs, allegedly as a way to fight inflation. Her argument is said to rely on a set of reports[1] published in March by the Peterson Institute that claimed that cutting tariffs would cut 1.3 percentage points off the…
Five Reasons Why Trade Policy Is Not Impacting Inflation
With consumer price inflation (CPI) running at 6.8% as of November 2021, many importers are trying to use inflation as an excuse for repealing the tariffs enacted by former President Donald Trump and continued by President Joe Biden. This is special interest pleading and bad economics. A close look at the state of the U.S.…