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Trade Laws

All articles tagged with #trade laws

world3 months ago

Trump's Tariffs: A Persistent Tool in Foreign Policy and Economic Uncertainty

The article discusses the recent implementation of new tariffs by the Trump administration on imported pharmaceuticals and trucks, amid ongoing political uncertainty due to the US government shutdown and a pending Supreme Court case on tariffs. Experts suggest that tariffs will remain a key tool in US foreign policy for the foreseeable future, with the outcome of the court case potentially leading to adjustments in tariff strategies.

business7 months ago

U.S. Steel Deal with Nippon Sparks Hope and Concerns over Jobs and Pollution

US Steel workers and political figures are reacting to the recent developments in the acquisition deal between US Steel and Japan's Nippon Steel, which was initially blocked by President Biden but later supported by President Trump, who announced tariffs and a partnership, highlighting the complex interplay of industry, politics, and job security in Pennsylvania.

business-trade1 year ago

"Cleveland-Cliffs Shuts Down Weirton Tin Mill After Trade Ruling"

Cleveland-Cliffs Inc. will indefinitely idle its tinplate production plant in Weirton, West Virginia in April 2024 due to an unfavorable International Trade Commission (ITC) ruling that rejected the implementation of anti-dumping and countervailing duties on tin mill products. Approximately 900 employees will be impacted, with relocation opportunities and severance packages being offered. The company's CEO expressed disappointment in the ruling, citing an uneven playing field and the impact on American jobs and the food supply chain. Cleveland-Cliffs is maintaining its 2024 sales volume guidance despite this development.

energy2 years ago

House passes solar panel tariff restoration bill, Biden threatens veto.

The US House of Representatives has voted to restore tariffs on solar panels from Cambodia, Malaysia, Thailand, and Vietnam, which were waived by President Joe Biden last year to boost domestic solar panel manufacturing. The tariff moratorium was imposed to keep solar panels coming into the country as the US boosts capacity. The president has pledged to veto congressional efforts to repeal the solar tariff waiver, which could eliminate 30,000 jobs and $4.2bn in domestic investment, according to the Solar Energy Industries Association.

politics2 years ago

Biden Stands Firm Against Reversing Chinese Solar Handout and Resuming Solar Tariffs.

President Biden has promised to veto bipartisan legislation that would reverse a rule allowing Chinese solar panel manufacturers to sidestep tariffs. The legislation was introduced after the Commerce Department found that four large solar companies had routed products through Southeast Asia to circumvent duties. The White House characterized Biden's tariff moratorium as a "temporary, 24-month bridge" to support his climate agenda and ensure the growth of the U.S. solar industry. Trade groups, including the Coalition for a Prosperous America, have backed the legislation and strongly opposed Biden's tariff moratorium, arguing it benefits Chinese companies at the expense of American competitors.