Former U.S. trade representative Ambassador Robert Lighthizer views the decades of U.S. trade deficit with China as a “wealth transfer.” In his recent interview with EpochTV’s “American Thought Leaders” program, he outlined a playbook to beat China at its own game through strategic decoupling, very much the same thing China has been doing to the…
Trump’s Trade Chief Lays Out Plan to Beat China at Its Own Game
July 24, 2023
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Treasury Secretary Yellen Doesn’t Expect a Recession in US
July 18, 2023
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U.S. Treasury Secretary Janet Yellen said during an interview that the U.S. economy would not be hit by a recession. While Ms. Yellen was in attendance at a G-20 summit in Gandhinagar, India, she told Bloomberg on July 17 that the United States was making good progress in bringing inflation down this year. Ms. Yellen…
Farmers Call on Congress to Enforce Requirements of Foreign Trade Agreements
American farmers say they appreciate trade agreements that help them remain competitive in world markets. But they add that the accords are useless if all parties don’t comply with the terms of the deals. Don Schiefelbein is a farmer and rancher in Kimball, Minnesota, where he and his six brothers run the cattle and row…
House Advances Measure to Undo Biden’s Tariff Shield for Chinese Solar Panels
April 26, 2023
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The House Rules Committee on April 26 voted for a bill to undo the Biden administration’s emergency move shielding some Chinese-made solar panels from tariffs, drawing closer to a vote in the full House and a threatened veto from President Joe Biden. House Joint Resolution 39 passed 9 to 4. “We need more, not less,…
US Unveils New Sanctions, Tariffs on Russia on Ukraine War Anniversary
February 24, 2023
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The United States has announced sweeping new sanctions on Russia and its partners on the first anniversary of the invasion of Ukraine. The Biden administration said on Feb. 24 that it would implement increased tariffs and export controls against critical Russian sectors in order to break the regime’s ability to continue its war of conquest…
Ontario Farmer Organization Calls on Government to Drop Fertilizer Tariffs
An Ontario farmers’ organization is calling on the federal government to drop its tariffs on the importation of certain fertilizers from Russia and Belarus, which are in place because of Russia’s invasion of Ukraine. Ryan Koeslag, executive director of the non-profit organization Ontario Bean Growers, says Canada should drop the tariffs immediately because it is the…
China Weaponizes the WTO Against America
Commentary China just beat the United States at the World Trade Organization (WTO) on steel tariffs and is trying to do it a second time on computer chip export controls. On Dec. 12, China’s Ministry of Commerce filed a new WTO complaint against the controls. Beijing claims they are trade protectionism, when it should be obvious…
China Trade Restrictions Are Necessary for National Defense
Commentary Torpedoing China’s economy will cripple its military development, decreasing the threat to the United States and Taiwan. Gutting a country’s economy will hamper its ability to develop new technologies or purchase advanced weapons. This is why U.S. trade and investment restrictions on China are not just a matter of economics, but also one of…
The US and EU Are in a Subsidy Race: Let’s Tariff China Instead
Commentary The United States and European Union are entering a green subsidy race that will determine where millions of electric vehicles will be manufactured over the next decades. EV sales in the United States, for example, are projected to double by 2025 to nearly 2.5 million. Car manufacturers around the world want a piece of…
Biden Ups the Ante With China
Commentary If Donald Trump first made clear that China is a competitor, not a partner, as was previously claimed, the Biden administration has escalated the contest tremendously. Trump began the change in U.S. policy when in 2018 he imposed heavy tariffs on Chinese goods and demanded that Beijing alter its trade practices. In more recent…
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