Sunday, December 22

Tag: Trade Barriers/Restrictions

Tariffs and the Price of Your Beer
5Dec By adminNo Comments
Business

Tariffs and the Price of Your Beer

President Trump ostensibly waged trade wars to aid American industry, but the evidence is that his tariffs have harmed many U.S. businesses not on his politically favored list. One example is the beverage industry, which has had to swallow the cost of tariffs on aluminum for its cans.New data from Harbor Aluminum, produced for the Beer Institute, shows how these costs have continued to climb. Mr. Trump imposed 10% tariffs on aluminum imports in March 2018, citing dubious national-security concerns. Through September 2023, the U.S. beverage industry paid nearly $2.2 billion in tariff costs, according to the report. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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U.S. Leans on Turkey to Stop Supporting Hamas and Russia
1Dec By adminNo Comments
World

U.S. Leans on Turkey to Stop Supporting Hamas and Russia

ISTANBUL—The Biden administration’s sanctions chief warned Turkish officials that the country is fueling violence across two continents by serving as a financing haven for Hamas and a trade hub for Russia’s war machine.Despite U.S. sanctions targeting Hamas financiers over the past decade, Turkey has allowed the group’s investment firms, holding companies, real-estate brokerages and a host of other businesses to operate out of Istanbul, U.S. officials say.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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EU Proposes New Sanctions on Russia After Moscow Dodges Prior Ones
15Nov By adminNo Comments
World

EU Proposes New Sanctions on Russia After Moscow Dodges Prior Ones

Nov. 15, 2023 11:11 am ETThe European Union has proposed a swath of new measures aimed at tightening sanctions against Russia, which has largely succeeded in resisting Western efforts to undermine the Kremlin’s ability to fund its war in Ukraine.  The EU’s executive body sent a 12th package of Russia sanctions to member states late Tuesday, officials said. Diplomats say it could take several weeks for all 27 member states to adopt the measures, which include restrictions against foreign companies doing business with Russia and a ban on Russian diamond and other imports.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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It May Be Too Late to Fend Off China’s Battery Giants
7Nov By adminNo Comments
Money

It May Be Too Late to Fend Off China’s Battery Giants

Updated Nov. 7, 2023 12:00 am ETHaving charged up in their massive home market, Chinese electric-vehicle-battery firms are becoming major export players, too. The West’s efforts to protect its own markets might prove too little, too late.Chinese firms are also eyeing big new factory expansions in Europe itself, and in U.S. free trade partners, as a way to sidestep current and future import restrictions—much like Japanese carmakers did in the U.S. in the 1980s.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Chinese Laser Sensor Maker Targeted as Tech Trade War Spreads
31Oct By adminNo Comments
Technology

Chinese Laser Sensor Maker Targeted as Tech Trade War Spreads

Oct. 31, 2023 10:00 am ETHesai Group, a Shanghai-based maker of laser sensors used for next-generation vehicles, celebrated a Nasdaq stock offering in February that was heralded by some as a comeback for Chinese listings in the U.S.Less than nine months later, Hesai has become an example of how the U.S.-China battle over technology is roiling the business world. Its stock is down more than 50%, and the company is on the back foot, hiring lobbyists and defending its reputation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Latest Tech Caught in the U.S.-China Trade War: Lasers
31Oct By adminNo Comments
World

The Latest Tech Caught in the U.S.-China Trade War: Lasers

Oct. 31, 2023 10:00 am ETHesai Group, a Shanghai-based maker of laser sensors used for next-generation vehicles, celebrated a Nasdaq stock offering in February that was heralded by some as a comeback for Chinese listings in the U.S.Less than nine months later, Hesai has become an example of how the U.S.-China battle over technology is roiling the business world. Its stock is down more than 50%, and the company is on the back foot, hiring lobbyists and defending its reputation.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Why Trump Is Right About Tariffs
27Oct By adminNo Comments
World

Why Trump Is Right About Tariffs

Economists have reacted poorly to Donald Trump’s recent proposal for a 10% tariff on all imports. Adam Posen, president of the Peterson Institute for International Economics, called it “lunacy” and “horrifying.” According to Michael Strain, director of economic policy studies at the American Enterprise Institute, it would be “a disaster for the U.S. economy.”But why? After all, tax revenue is necessary to provide public services, and tariffs have long proved an effective way to collect it. In 1789, the first law in the first Congress—advocated by Alexander Hamilton, introduced by James Madison and signed by George Washington on the Fourth of July—established a tariff not unlike Trump’s. For much of the nation’s history, while growing from colonial backwater to continent-spanning industria...
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