Who’s Footing the Tariff Bill?
U.S. footwear production dates as far back as 1750, but today 98 percent of shoes are manufactured abroad. Historically, footwear tariffs have been out of step with the United States’ general approach to free trade. High tariffs on products like shoes hit low-income families the hardest - particularly those with children - as these families spend the highest share of their incomes on home goods that tend to be imported.
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La Dolce Vita…Trade Brings Italy’s Delicacies to the North End of Boston
Ethnic neighborhoods across the United States – from Little Havana in Miami to San Francisco’s Chinatown – allow us to experience elements of a culture and cuisine without needing to break out a passport. Read about how trade brings the best of Italy's food to residents and tourists in Boston's North End.
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Will US-China Trade Talks Solve the Real Problems?
The announcement that trade talks in Beijing between the United States and China had been extended by a day sparked an uptick in stocks and renewed optimism that a resolution to the trade war might be in the offing. A minimal face-saving agreement should be possible before the March deadline, but this would only delay the ultimate day of reckoning. Friction points between China’s state-directed economic system and the United States’ ostensibly free market, free trade system will reassert themselves sooner rather than later.
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Trade Tensions Bubble Beneath the Surface of Your New Years’ Eve Champagne
Champagne is the drink of choice to celebrate many of life’s milestones and one country in particular benefits the most from this tradition: France. The European Union wants to ensure through trade agreements that only sparkling wines produced in the Champagne region of France can be labeled by law as Champagne.
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Cheddar is America’s Favorite Cheese. Thanks Britain.
Few Americans associate cheddar cheese with its ancestral home: Cheddar, in Somerset County, Britain. The name Cheddar, originally designating a unique geographic location, evolved into a generic description as the cheese was produced all over the world. And therein lies the heart of a modern trade dispute over “geographical indications,” or GIs for short.
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Trump-Xi Meeting on US-China Trade War: Five Possible Outcomes
The meeting between President Donald Trump and President Xi Jinping in Argentina in late November may prove to be a turning point for not only for the US-China relationship, but for global trade. Both leaders enter these discussions knowing the far more important question is whether there can be a sustainable co-existence between a Western market-driven economy with democratic ideals and a centrally-managed Chinese economy led by the Communist Party of China.
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Havana Club With a Twist of Trade
Among the many casualties of the 1958 Cuban revolution was the clear rights to Havana Club rum, which has been tied up in a decades-long trade dispute involving the United States, Cuba, and the European Union.
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How Does China Cheat? The White House Counts the Ways
In its June 2018 report, the White House creates a taxonomy of ways the Chinese government acquires American technologies and intellectual property to aggrandize Chinese productive capabilities, stand on the shoulders of American innovation, siphon information from open and proprietary sources, and enlist Chinese nationals to accrue knowledge through research arms of universities and companies in the United States.
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From the Bible to Chairman Mao’s Quotations: How Trade Agreements Can Promote Global Book Publishing
The popularity of American novels, textbooks, and scholarly works is driving efforts to translate and sell U.S.-published books in countries around the world. Digital publishing offers access to many more consumers beyond our borders. The main challenge to global expansion is the need to promote modern copyright regimes in the countries where publishers seek to sell more books
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U.S.-China “Trade War” Timeline
Unconventional Trade Warfare Since taking office, the Trump administration has been building its case against Chinese practices they view as unfair to American businesses, including subsidization of industrial production and requirements to transfer proprietary U.S. technologies. The Trump administration has also taken aim at the opaque connections between state-directed and strategic private enterprises, seeking to […]
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