Today, in 2023, our trade-weighted average tariff rate is 2.4 percent—which is low historically, and relative to other countries. Of course, those tariffs aren’t uniform, and there is still work to be done bringing tariff levels down in many other countries. As Ambassador Tai has said, ...
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While Harris has yet to release a specific policy platform for her campaign, statements made in public appearances suggest she largely holds the same positions as the Biden administration on trade with China. In aninterviewon the CBS News program Face of the Nation, she stated that the US poli...
"I don't believe there will be any big moves in 2023. … Unfortunately, not much room in that environment for new free trade agreements. And similar factors will make it difficult to make progress on US-China trade in one or two years. "And the prospect of a recession next year, plus...
Day 1071 (December 26, 2023): US Extends Tariff Exclusions for Chinese Goods The US Trade Representative (USTR) has extended the exclusions from China Section 301 tariffs, initially set to expire on December 31, 2023, to May 31, 2024. According to the USTR, this extension allows for a sys...
Midgley forecasted there would be no big US moves in advancing trade this year. Reasons include the macroeconomic environment and the domestic political regime, he said. "I don't believe there will be any big moves in 2023. … Unfortunately, not much room in that environment for new free tr...
The economy is expected to run weaker for longer as rising trade tensions and the sustained enforcement of the new immigration policy keep consumption growth in the red for most of the forecast. Inflation also trends higher for longer, peaking at 3.7% in 2026 before easing gradually to 3% by...
the agreement has only been extended for a 6-month period that started in late August 2023. This agreement has served the interests of both countries in a variety of ways, helping to connect the S&T communities in both societies and helping to establish a variety of shared norms, values, an...
Thursday, 28 December, 2023 Middle East US cracks down on money flow to Iran-backed Houthis Treasury imposes sanctions on entities in Turkey and Yemen after attacks on commercial vessels around Red Sea Save Tuesday, 26 December, 2023 LexBanks Financial services: bank runs stoke accounting de...
Trade policy concentrated on opening markets abroad is a better bet. Designating a single firm to advance technology yields inconsistent results. The highly successful model of Operation Warp Speed vividly demonstrates that competition is an American strength. R&D industrial policy has the best track ...