Biden Weighs Tariff Rollback to Ease Inflation, Even a Little Bit

While lifting some levies on China is unlikely to put a large dent in inflation, administration officials concede they have few other options to address surging prices.

#biden-joseph-r-jr, #china, #consumer-behavior, #customs-tariff, #inflation-economics, #international-trade-and-world-market, #protectionism-trade, #summers-lawrence-h, #united-states-economy

U.S. Aims to Constrain China by Shaping Environment Around It, Blinken Says

The U.S. secretary of state gave a glimpse of President Biden’s classified strategy on China, in which officials have concluded they cannot change Beijing’s aggressive behavior.

#biden-joseph-r-jr, #blinken-antony-j, #china, #customs-tariff, #taiwan, #ukraine, #united-states-international-relations

Debate Over Tariffs Reveals Biden’s Difficulties on China Trade

Sixteen months into the Biden presidency, U.S. officials are still divided over what to do about a trade legacy left by President Donald J. Trump.

#biden-joseph-r-jr, #china, #customs-tariff, #economic-conditions-and-trends, #international-trade-and-world-market, #tai-katherine-1974, #trump-donald-j, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government

U.S. to Lift Tariffs on Ukrainian Steel

The Biden administration will lift a 25 percent tariff on the Ukrainian steel sector for one year to help the country’s economy.

#biden-joseph-r-jr, #commerce-department, #customs-tariff, #economic-conditions-and-trends, #international-trade-and-world-market, #russian-invasion-of-ukraine-2022, #steel-and-iron, #trump-donald-j, #ukraine, #united-states-politics-and-government

Solar Industry ‘Frozen’ As Biden Administration Investigates China

More than 300 solar projects in the United States have been canceled or delayed in recent weeks because of an investigation by the Commerce Department.

#alternative-and-renewable-energy, #china, #commerce-department, #customs-tariff, #energy-and-power, #first-solar-inc, #global-warming, #greenhouse-gas-emissions, #international-trade-and-world-market, #raimondo-gina-m, #solar-energy, #solar-energy-industries-assn, #united-states-international-relations

The U.S. and Japan strike a deal to roll back Trump-era steel tariffs.

The agreement will transform a current 25 percent tariff into a so-called tariff-rate quota, exempting up to 1.25 million metric tons of Japanese steel.

#biden-joseph-r-jr, #customs-tariff, #steel-and-iron, #united-states-politics-and-government

Brexit Import Rules Begin to Squeeze British Food Importers

For companies depending on fast, small deliveries, the costs of new Brexit trade rules are mounting.

#agriculture-and-farming, #customs-tariff, #european-union, #food, #great-britain, #great-britain-withdrawal-from-eu-brexit, #greece, #international-trade-and-world-market, #maltbygreek

A Fresh Defense of Free Trade

A prominent Republican economist admits that open markets have hurt some people. But tariffs, he says, aren’t the answer.

#cass-oren, #conservatism-us-politics, #customs-tariff, #hubbard-r-glenn, #internal-sub-only-nl, #international-trade-and-world-market, #labor-and-jobs, #protectionism-trade

For U.K. Companies Brexit Meant Higher Costs and Endless Forms

While the worst of the Brexit trade disruptions are over, British exports to the European Union are down and companies are frustrated.

#customs-tariff, #europe, #european-union, #great-britain, #great-britain-withdrawal-from-eu-brexit, #international-trade-and-world-market, #prices-fares-fees-and-rates, #relocation-of-business, #shopping-and-retail

End the Trump-Biden Tariffs

An import tax on chassis is contributing to inflation and port congestion. The government needs to find better ways of increasing manufacturing.

#customs-tariff, #factories-and-manufacturing, #international-trade-and-world-market, #prices-fares-fees-and-rates

European Steel Plan Shows Biden’s Bid to Merge Climate and Trade Policy

A potential agreement on steel trade provides the clearest look yet at how the Biden administration plans to implement a trade policy that is both protectionist and progressive

#aluminum, #american-iron-and-steel-institute, #biden-joseph-r-jr, #carbon-dioxide, #china, #commerce-department, #customs-tariff, #europe, #european-union, #greenhouse-gas-emissions, #international-relations, #international-trade-and-world-market, #steel-and-iron, #tai-katherine-1974, #taxation, #united-states, #united-states-politics-and-government, #world-trade-organization

Biden Rolls Back Trump’s Metal Tariffs On European Union

The deal, which comes as U.S. and E.U. allies meet in Rome, will keep some trade protections in place in a nod to metalworking unions that supported President Biden.

#biden-joseph-r-jr, #customs-tariff, #europe, #group-of-twenty, #international-trade-and-world-market, #steel-and-iron, #trump-donald-j, #united-states-politics-and-government

Clear Differences Remain Between France and U.S., French Minister Says

Finance Minister Bruno Le Maire says the two countries remain at odds over China and various security issues, even if they had effectively cooperated on overhauling the international tax system.

#biden-joseph-r-jr, #customs-tariff, #international-monetary-fund, #international-trade-and-world-market, #le-maire-bruno, #macron-emmanuel-1977, #politics-and-government, #united-states-economy, #united-states-international-relations

U.S. Signals Little Thaw in Trade Relations With China

The Biden administration said it would not immediately remove the Trump administration’s tariffs and would require that Beijing uphold its trade commitments.

#biden-joseph-r-jr, #china, #customs-tariff, #economic-conditions-and-trends, #embargoes-and-sanctions, #international-trade-and-world-market, #trump-donald-j, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government

U.S. and Europe Announce New Trade Cooperation, but Disputes Linger

A new trade and technology partnership aims to counter China, but tensions over issues like metal tariffs remain.

#biden-joseph-r-jr, #customs-tariff, #economic-conditions-and-trends, #european-union, #international-trade-and-world-market, #steel-and-iron, #trade-and-technology-council, #trump-donald-j, #united-states-international-relations, #united-states-politics-and-government

Businesses Push Biden to Develop China Trade Policy

Seven months into a new administration, companies want the White House to drop tariffs on Chinese goods and provide clarity about a critical trade relationship.

#biden-joseph-r-jr, #china, #customs-tariff, #international-trade-and-world-market, #tai-katherine-1974, #united-states-economy, #united-states-international-relations, #united-states-politics-and-government

Luxury’s Gray Market Is Emerging From the Shadows

New platforms and dealers able to offer steep discounts on the latest styles are becoming a powerful — and disruptive — force in the fashion industry.

#acne-studios, #australia, #bottega-veneta, #burberry, #chanel-sa, #china, #counterfeit-merchandise, #customs-tariff, #discount-selling, #e-commerce, #europe, #farfetch-com, #fashion-and-apparel, #international-trade-and-world-market, #luxottica-group-spa, #luxury-goods-and-services, #lyst-ltd, #shopping-and-retail, #tj-maxx

Europe Rolls Out Ambitious Climate Change Plan, but Obstacles Loom

The proposal would impose tariffs on some imports from countries with looser environmental rules. It would also mean the end of sales in the European Union of new gas- and diesel-powered cars in just 14 years.

#alternative-and-renewable-energy, #carbon-caps-and-emissions-trading-programs, #carbon-dioxide, #customs-tariff, #economic-conditions-and-trends, #energy-efficiency, #europe, #european-commission, #european-union, #fuel-efficiency, #fuel-emissions-transportation, #global-warming, #greenhouse-gas-emissions, #international-trade-and-world-market, #oil-petroleum-and-gasoline, #politics-and-government

The Trumpian Roots of the Chip Crisis

We’re still paying the price of tantrum-based policy.

#biden-joseph-r-jr, #china, #computer-chips, #customs-tariff, #home-appliances, #international-trade-and-world-market, #shortages, #trump-donald-j, #united-states, #united-states-economy, #united-states-politics-and-government

High Lumber Prices Add Urgency to a Decades-Old Trade Fight

Forced to pay more for wood, home builders want the Biden administration to settle a long-running dispute over Canadian imports. It won’t be easy.

#customs-tariff, #international-trade-and-world-market, #national-assn-of-home-builders, #prices-fares-fees-and-rates, #real-estate-and-housing-residential, #united-states-international-relations, #united-states-politics-and-government, #wood-and-wood-products

Britain Signs Major Trade Deal With Australia, Its First After Brexit

The agreement will include a cap on tariff-free imports for 15 years, a measure intended to appease British farmers concerned about a flood of beef and sheep imports.

#agriculture-and-farming, #australia, #customs-tariff, #great-britain, #great-britain-withdrawal-from-eu-brexit, #international-trade-and-world-market, #johnson-boris, #morrison-scott-1968

U.S. and E.U. Agree to Suspend Feud Over Aid for Airbus and Boeing

The agreement, coming as President Biden prepares to meet European leaders, ends a 17-year dispute over aircraft subsidies.

#airbus-industrie, #biden-joseph-r-jr, #boeing-company, #customs-tariff, #europe, #european-union, #federal-aid-us, #international-trade-and-world-market, #tai-katherine-1974, #united-states, #united-states-international-relations

Portugal’s Bike Boom: How the Country Is Meeting the Demand

To meet a jump in demand, the country’s bike-making industry is building new factories, hiring workers and dealing with parts shortages.

#bicycles-and-bicycling, #coronavirus-2019-ncov, #customs-tariff, #factories-and-manufacturing, #international-trade-and-world-market, #labor-and-jobs, #portugal

Steel Price Surge Revives U.S. Industry

A rebounding economy and Trump-era tariffs have helped drive the price of domestic steel to record highs.

#biden-joseph-r-jr, #china, #customs-tariff, #europe, #nucor-corporation, #trump-donald-j, #united-states-steel-corporation

U.S. and Europe to Begin Talks on Steel and Aluminum Tariffs

The Biden administration is trying to rebuild relations with Europe, but it is moving cautiously to unwind tariffs imposed by President Donald J. Trump.

#customs-tariff, #european-union, #international-trade-and-world-market, #steel-and-iron, #tai-katherine-1974

Brexit Trade Deal Gets a Final OK From E.U. Parliament

The vote is the formal end of the long Brexit process, which began nearly five years ago. But mutual mistrust remains high.

#barnier-michel, #customs-tariff, #european-parliament, #great-britain, #great-britain-withdrawal-from-eu-brexit, #international-trade-and-world-market, #northern-ireland, #von-der-leyen-ursula

What Bidenism Owes to Trumpism

The Biden agenda tries to seize the populist opportunity that Trump let slip away.

#american-jobs-plan-2021, #bannon-stephen-k, #biden-joseph-r-jr, #customs-tariff, #democratic-party, #federal-budget-us, #federal-taxes-us, #inflation-economics, #infrastructure-public-works, #nationalism-theory-and-philosophy, #protectionism-trade, #republican-party, #trump-donald-j, #united-states-economy

How Brexit Ruined Easter for Britain’s Chocolate Makers

Exports of chocolate to Europe have turned into a nightmare of paperwork and delays, making fine British chocolate scarce in Europe.

#chocolate, #customs-tariff, #easter-and-holy-week, #european-union, #great-britain-withdrawal-from-eu-brexit, #international-trade-and-world-market

In Washington, ‘Free Trade’ Is No Longer Gospel

Like its predecessor, the Biden administration has largely dispensed with the idea of free trade as a goal in and of itself.

#autor-david, #biden-joseph-r-jr, #customs-tariff, #democratic-party, #income-inequality, #international-trade-and-world-market, #lighthizer-robert-e, #tai-katherine-1974, #toomey-patrick-j, #trump-donald-j, #united-states-politics-and-government

U.S. and Europe Will Suspend Tariffs on Alcohol, Food and Airplanes

The governments agreed to temporarily suspend tariffs on billions of dollars of products as they search for a settlement to a long-running clash over subsidies given to Airbus and Boeing.

#airbus-industrie, #airlines-and-airplanes, #boeing-company, #customs-tariff, #european-union, #international-trade-and-world-market, #office-of-the-united-states-trade-representative, #world-trade-organization

How Can Biden Bring Back Manufacturing Jobs? Weaken the Dollar

Critics of a strong currency say it hurts American factory workers by making imports cheap.

#biden-joseph-r-jr, #china, #currency, #customs-tariff, #international-trade-and-world-market, #labor-and-jobs, #renminbi-currency, #united-states-economy, #us-dollar-currency

Biden on ‘Short Leash’ as Administration Rethinks China Relations

The Biden administration is under intense pressure to maintain former President Donald J. Trump’s curbs on China, even as it tries to develop a more comprehensive and effective strategy.

#biden-joseph-r-jr, #china, #customs-tariff, #embargoes-and-sanctions, #huawei-technologies-co-ltd, #human-rights-and-human-rights-violations, #international-trade-and-world-market, #presidential-transition-us, #trump-donald-j, #united-states-international-relations, #united-states-politics-and-government, #world-trade-organization, #xi-jinping

Biden Appointments Signal a Trade Approach That Hews to the Left

Many appointees who will fill the ranks of the Office of the United States Trade Representative have close ties to congressional Democrats and a focus on worker rights and enforcing trade deals.

#appointments-and-executive-changes, #biden-joseph-r-jr, #customs-tariff, #international-trade-and-world-market, #office-of-the-united-states-trade-representative, #presidential-transition-us, #setser-brad-w, #united-states-politics-and-government, #united-states-mexico-canada-agreement

For the Wine World, 2021 Brings Familiar Problems

The year has changed. So has the government. But the challenges facing the wine industry — Covid, tariffs and climate change — remain.

#customs-tariff, #presidential-election-of-2020, #wines

Biden Reinstates Aluminum Tariffs in One of His First Trade Moves

The move suggests the Biden administration may be inclined to maintain President Trump’s hefty tariffs, a decision that will please unions and progressives but disappoint manufacturers.

#aluminum, #biden-joseph-r-jr, #commerce-department, #customs-tariff, #international-trade-and-world-market, #kushner-jared, #trump-donald-j, #united-arab-emirates, #united-states, #united-steelworkers-of-america

As Senate Weighs Biden’s Commerce Pick, Here’s What to Watch

A Senate committee will question Gina M. Raimondo, President Biden’s pick for commerce secretary, at a hearing Tuesday morning.

#biden-joseph-r-jr, #census, #commerce-department, #customs-tariff, #e-commerce, #huawei-technologies-co-ltd, #international-trade-and-world-market, #raimondo-gina-m, #ross-wilbur-l-jr, #senate-committee-on-commerce-science-and-transportation, #tiktok-bytedance, #united-states-politics-and-government, #wechat-mobile-app, #zte-corp

For One British Industry, Brexit’s Red Tape Is Just Beginning

Chemical companies, facing costly new regulations and extra tariffs, are looking to the continent.

#basf-se, #chemicals, #customs-tariff, #economic-conditions-and-trends, #europe, #european-union, #great-britain, #great-britain-withdrawal-from-eu-brexit, #international-trade-and-world-market, #regulation-and-deregulation-of-industry

For Britain’s Chemical Industry, Brexit’s Red Tape Is Just Beginning

Chemical companies, facing costly new regulations and extra tariffs, are looking to the continent.

#basf-se, #chemicals, #customs-tariff, #economic-conditions-and-trends, #europe, #european-union, #great-britain, #great-britain-withdrawal-from-eu-brexit, #international-trade-and-world-market, #regulation-and-deregulation-of-industry

A Week Into Full Brexit, the Pain for U.K. Businesses Has Arrived

As Britain adjusts to life outside of the European Union, businesses are contending with delays, service cancellations and piles of paperwork.

#bailey-andrew-1959, #bank-of-england, #coronavirus-2019-ncov, #customs-tariff, #economic-conditions-and-trends, #europe, #great-britain, #great-britain-withdrawal-from-eu-brexit, #international-trade-and-world-market, #northern-ireland

U.S. Companies to Face China Tariffs as Exclusions Expire

Many American companies could see their exemptions from President Trump’s China tariffs expire at midnight on Thursday.

#china, #coronavirus-2019-ncov, #customs-tariff, #international-trade-and-world-market, #kind-ron, #lobbying-and-lobbyists, #office-of-the-united-states-trade-representative, #politics-and-government, #small-business, #trump-donald-j, #united-states, #walorski-jackie

Post-Brexit Trade Deal: 5 Takeaways

Britain and the European Union spent months negotiating the terms of commercial relations after Dec. 31.

#customs-tariff, #european-union, #great-britain, #great-britain-withdrawal-from-eu-brexit, #international-trade-and-world-market, #politics-and-government

Brexit Deal Is a Pretty Good One for the E.U.

The Brexit pact preserves crucial E.U. principles like the single market, and lets the bloc look ahead to its future without Britain.

#brussels-belgium, #customs-tariff, #europe, #great-britain, #great-britain-withdrawal-from-eu-brexit, #international-trade-and-world-market

Pound Rises as Britain and E.U. Announce a Post-Brexit Trade Deal

The free-trade pact would help both sides avoid tariffs, but Britain would still face economic costs from being outside the European Union.

#british-pound-currency, #customs-tariff, #europe, #european-union, #great-britain, #great-britain-withdrawal-from-eu-brexit, #immigration-and-emigration, #international-trade-and-world-market, #johnson-boris, #referendums

Britain’s Ports Are Jammed, and Brexit Is Around the Corner

Honda’s plant in England was forced to halt operations because its parts hadn’t arrived. Soon U.K. ports will face a mountain of customs declarations.

#automobiles, #coronavirus-2019-ncov, #customs-tariff, #delays-transportation, #european-union, #great-britain, #great-britain-withdrawal-from-eu-brexit, #honda-motor-co-ltd, #international-trade-and-world-market, #ships-and-shipping

China Signs Asia Trade Deal. Will Biden Follow?

The deal sealed on Sunday stands as a potent symbol of Beijing’s growing economic sway in Southeast Asia at a time of uncertainty over Washington’s economic ties with the region.

#assn-of-southeast-asian-nations, #china, #customs-tariff, #economic-conditions-and-trends, #far-east-south-and-southeast-asia-and-pacific-areas, #india, #international-relations, #international-trade-and-world-market, #politics-and-government, #regional-comprehensive-economic-partnership, #trans-pacific-partnership, #united-states-international-relations

Europe to Impose Tariffs in 16-Year Trade Fight With U.S.

U.S. aircraft, frozen orange juice and handbags will cost more, in an escalation of the Boeing-Airbus subsidy battle.

#airbus-industrie, #airlines-and-airplanes, #boeing-company, #customs-tariff, #europe, #european-union, #international-trade-and-world-market, #united-states

After Trump, Will International Relations and Trade Ever Be the Same?

And it won’t come back even if and when he’s gone.

#biden-joseph-r-jr, #customs-tariff, #north-atlantic-treaty-organization, #presidential-election-of-2020, #protectionism-trade, #trump-donald-j, #united-nations-framework-convention-on-climate-change, #united-states-international-relations, #world-health-organization, #world-trade-organization

Trump’s Manufacturing Promises Disappoint as Economy Sours

Foxconn’s failure to deliver on a Wisconsin project underscores the limits of the president’s power to make companies bend to his will.

#coronavirus-2019-ncov, #corporate-taxes, #customs-tariff, #factories-and-manufacturing, #labor-and-jobs, #layoffs-and-job-reductions, #presidential-election-of-2020, #relocation-of-business, #steel-and-iron, #tax-cuts-and-jobs-act-2017, #united-states-economy

Europe Can Impose Tariffs on U.S. in Long-Running Aircraft Battle

The World Trade Organization gave the European Union permission to tax up to $4 billion of American products annually in return for subsidies given to Boeing

#airbus-industrie, #airlines-and-airplanes, #aviation-accidents-safety-and-disasters, #boeing-737-max-groundings-and-safety-concerns-2019, #boeing-company, #customs-tariff, #international-trade-and-world-market

Trump Funnels Record Subsidies to Farmers Ahead of Election Day

Despite an extraordinary government bailout, America’s agriculture sector remains under severe economic pressure.

#agriculture-and-farming, #coronavirus-aid-relief-and-economic-security-act-2020, #crop-controls-and-subsidies, #customs-tariff, #food-aid, #polls-and-public-opinion, #presidential-election-of-2020, #smoking-and-tobacco, #stimulus-economic, #united-states-politics-and-government