Tag: tariffs

Panel Warns of ‘Chinese Subversion’ of US Economy

Speakers including Rep. Darin LaHood (R-Ill.), a member of the House Permanent Select Committee on Intelligence, discussed potential costs and benefits of decoupling from China at a June 14 American Enterprise Institute (AEI) forum dedicated to countering “Chinese subversion.” “China has a plan to replace us—but we are tied to them economically,” said LaHood, who…


Ending China Tariffs Will Worsen America’s Economy

Commentary The Biden administration is getting desperate about inflation, a rapidly declining stock market, and an impending recession. They know America’s economic doldrums will hit the Democrats in the 2022 midterm and 2024 presidential elections. It will hit hard, just like it’s hitting American pocketbooks now. We’re paying over $5 a gallon for gas, and…


Does Biden’s Solar Tariff Waiver Help China?

President Joe Biden authorized an emergency declaration to suspend tariffs on solar panels produced in four Southeast Asian countries for 24 months. The White House described it as a “bridge” to temporarily permit cheap foreign solar panels to enter the U.S. market while simultaneously supporting the domestic solar manufacturing sector. Press secretary Karine Jean-Pierre defended…


USTR Tai Says Fighting Inflation More Complicated Than Cutting China Tariffs

WASHINGTON—U.S. Trade Representative Katherine Tai on Monday said fighting inflation is a more complicated issue than can be addressed with a “singular focus” on China tariffs, and that it was important to bring a “thoughtful, deliberate, strategic” approach to the U.S.–China trade relationship. Tai, in remarks to the Washington International Trade Association, said inflation was…


Biden Invokes Defense Production Act to Push Green Agenda

President Joe Biden will authorize the Defense Production Act (DPA) to advance his clean energy and climate change agenda, a senior administration official said during a call with reporters. According to the White House, the president will approve the use of the DPA to expand domestic output of clean energy technologies, including solar panels, heat…


Escalating Student Protest Trend in China

On top of uproar in Beijing and Shanghai, students in another major city protested against strict COVID-19 rules, as a sensitive anniversary is around the corner. Some Chinese banks are having a hard time processing withdrawals. The issue first appeared in rural community banks but has now extended to a major bank in the country’s…


Capitol Report (May 9): Justices Seek Protection

Maryland and Virginia law enforcement are poised to secure the homes of Supreme Court Justices. Protests by pro-abortion groups have been growing. The White House condemned the violent attack over the weekend that was aimed at a Wisconsin-based pro-life group. But the administration is still calling for protestors to speak out peacefully. And the Senate…


Majority of Americans Support US Tariffs on Chinese Goods, Survey Finds

A majority of U.S. registered voters across the political spectrum support tough trade policies against China, according to a new poll by global data firm Morning Consult. “Voters believe imposing tariffs on China are an effective way to protect U.S. industries and American workers,” the poll (pdf) says, which surveyed 2,005 registered voters from March…


New Zealand Announces 35 Percent Tariff on All Russian Imports

New Zealand (NZ) has announced it would be applying a 35 percent tariff to all imports from Russia, including oil, fertiliser, and vodka, the most significant economic response to the Russian invasion to date. “The images and reports emerging of atrocities committed against civilians in Bucha and other regions of Ukraine is abhorrent and reprehensible,…


Washington Rightly Chooses to Prioritize Competition With Beijing Over Ideological Agendas

Commentary To the great consternation of foreign policy ideologues, the U.S.-led Western world is finally coalescing around the reality that cold national interest is the primary driver of a country’s foreign policy. Like it or not, it is therefore also the effective motive force behind international relations in general. This has almost always been the…