Argentina Applies Over 500 Export Duties – How’s That Working Out?
The economy of Argentina has been distorted by nearly 600 different export taxes. Trade restrictions can reinforce poor economic outcomes.
Free Trade in Medicines and Supplies is the Healthiest Approach
The WTO zero-for-zero tariff agreement on trade in health-related products needs to be expanded. Free trade will help promote recovery after COVID-19.
Driving Congress to Act on National Security Tariffs
Imported autos are being targeted with tariffs for “national security” reasons – but why? Congress introduced bipartisan bills to restrain the administration’s use of Section 232 tariffs. In a still-confidential 2019 report, the Department reportedly found that imported autos like the Volkswagon GTI “threaten to impair the national security” and recommended that the president impose tariffs as high as 25 percent.
The Global Travels of Live Animals
Trade in live animals is listed in Chapter 1 of the Harmonized Tariff Schedule. Livestock trade (from bees to goat farming) provides extra income and improves nutrition in developing countries.
America’s Favorite Hog is Driving U.S.-India Trade Relations
Harley-Davidson wants to grow international sales of its iconic motorcycles. But tariffs have thrown a monkey-wrench into those plans. Tariffs on Harley-Davidson bikes are a sticking point in U.S.-India trade relations.
U.S. Wine Industry is Drowning its Sorrows Over Transatlantic Trade Spat
European wine is getting caught in a decades old trade dispute. But tariffs on imported wines from France, Germany, or Spain are a lose-lose for the U.S. wine industry. European winemakers may just shift their exports to avoid U.S. tariff pain and grow their market share in emerging economies like China.
U.S.-China Trade War Timeline
As negotiations continue toward a trade agreement, President Trump and President Xi of China have imposed tariffs on each country’s products in an unprecedented trade war. If you’ve lost track of how we got here, here is a handy quick guide to recent events unfolding in the ongoing U.S.-China trade war.
Holiday Bicycle Shoppers are in for a Bumpy Ride
If you’re in the market for a bicycle to put under the tree this year, trade policy has made your choices more complicated. New tariffs on bicycles have increased prices for U.S. importers and consumers. But a higher and more generous threshold for duty-free online purchases directly from foreign retailers can be a way to escape the tariffs — but it can be a gamble.
Soybean Prices are a Proxy for How the Trade War is Going
Responding to U.S. tariffs, China has imposed a 25 percent tariff on U.S. soybeans since July last year. The tariff has remained in place as leverage in the trade war – a proxy for whether China perceives progress is being made or not in the negotiations.
Carousel Retaliation: Tariff Uncertainty on Another Ride
In response to WTO-illegal European subsidies to its aircraft industry, the U.S. administration is reportedly considering what is known as “carousel” retaliation against the EU – a regular rotation of goods targeted for tariffs, designed to impose maximum pain. The United States and Europe have been on this ride before.