Brewer at the manufacture

Tariffs Could Bring American Craft Beer Exports Down From Their High

American craft breweries sold 482,309 barrels valued at $125.4 million to customers overseas in 2017. Over half of those exports went north to our good beer-drinking friends, the Canadians. Mexican brewers are the largest customer for American barley. If NAFTA negotiations don’t go well, we may all see the cost on our tab.

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On Whose Turf Will the Trade War Be Fought?

While President Trump believes China’s large trade surplus shifts the balance of power in a tariff war to the United States, China can respond by punishing U.S. affiliates, who are sitting ducks in a trade war.

Time to eat

Retaliation: Why Raising Tariffs Becomes a Food Fight

Although the steel and aluminum tariffs are promoted by the Trump administration as a strategy to seek fairness for those industries, the tariffs will incite retaliation by trading partners, imposing significant costs on large numbers of U.S. producers and consumers who have nothing to do with these industries’ grievances.

worker with helmet in front of steel sheet metal profiles

We are in a Trade War — With Ourselves

The few domestic companies that may (or may not) benefit from special treatment shouldn’t outweigh the costs for the rest of the economy.

Crane hook with steel pipes on the blue sky

The problem with U.S. tariffs on steel and aluminum that no one is talking about

The problem steels tariffs are supposed to address isn’t receiving much attention – a number of countries are undeniably engaging in unfair and even predatory trade practices in the steel and aluminum sectors which are damaging to their trade partners.

Steel Printing Cylinders

Steel Industry Illustrates Nuances of Modern Trade

When it comes to steel tariffs, we could be in a trade war — with ourselves.

Breaking the status

Global Risks: Protectionism 2.0

Protectionism is making a comeback. Governments aren’t just trying to protect traditional sectors such as agriculture,chemicals, and machinery out of concern for lost jobs or domestic economic interests. They’re also intervening in the digital economy and innovation-intensive industries as critical components of national competitiveness.

Man Thinking

What is President Trump Thinking on Trade?

It would be a guessing game to try to predict what the president might do specifically on trade in 2018. Whatever he decides, there are trends morphing the trading system even as the U.S. Government works to figure out its role in shaping it.

vector illustration of a medieval sailing ship.

When a “Trade War” is a War

We often talk about “trade wars,” but in the era of a rules-based trading system the phrase typically refers to the use of tariffs or import restrictions to inflict economic harm. It was not always so. Before the GATT and its design for the peaceful settlement of commercial disputes, the use of military power in international economics was commonplace. Take the case of the fight over control of nutmeg production in the 1660s.

Fighting

Taking Matters into Your Own Hands – Section 301 of the Trade Act of 1974

Before there was a WTO, the United States developed the tools to take matters into its own hands, using a trade tool known as Section 301 of the Trade Act of 1974. It hasn’t been used much since 1995 when the WTO’s dispute settlement procedures came into effect, but the Trump Administration appears to be ready to dust it off to maximize leverage in its trade negotiations with China.