Trump tariffs

U.S. - China Trade War: Why Trump Tariffs Backfired – New EPoS Research Reveals

Retrieved on: 
Tuesday, June 13, 2023
Supply Chain Management, Education, Retail, Manufacturing, Other Manufacturing, University, German Research Foundation, DFG, University of Mannheim, Electronics, Customs, Microeconomics, Green, Assistant, United States Census Bureau, Tariff, University of Mannheim Business School, Trump tariffs, Point of sale, German, Center for Economic Studies (U.S. Census Bureau), Renewable energy

In contrast, only 68 percent of China’s retaliatory tariffs were shouldered by Chinese importers, U.S. exporters paid the other 32 percent.

Key Points: 
  • In contrast, only 68 percent of China’s retaliatory tariffs were shouldered by Chinese importers, U.S. exporters paid the other 32 percent.
  • These are findings of the Discussion Paper “Who Pays for the Tariffs and Why?
  • A Tale of Two Countries” published by EPoS economic research center at the Universities of Bonn and Mannheim.
  • Access the full paper at: https://www.crctr224.de/en/research-output/discussion-papers/archive/202...
    EPoS is a cooperation of the universities Bonn and Mannheim, funded by the German Research Foundation (Deutsche Forschungsgemeinschaft, DFG).

Trade Wars, Pandemic Shortages, Containers Overboard

Retrieved on: 
Tuesday, May 4, 2021
Economic history of the United States, Intermodal containers, Contemporary history, Transport, Container ship, Maritime transport, International relations, Trump tariffs, China–United States trade war

While restaurant and travel industries were negatively impacted, businesses in the ecommerce or outdoor cooking categories saw significant sales increases.

Key Points: 
  • While restaurant and travel industries were negatively impacted, businesses in the ecommerce or outdoor cooking categories saw significant sales increases.
  • Prior reports that containers that normally cost $5000 to ship and arrived in 4 weeks, now cost $14,000 and arrived in 3 months.\nContainers lost overboard from container ships.
  • Bloomberg News reported that containers were being lost overboard at the highest rate in 7 years, with over 2000 containers lost at sea in 2020 alone.\nContinuing high "Trump Tariffs" from the trade war with China.
  • "They have confirmed that ours was not lost overboard, but we still have no word on when or if we will ever receive it.

Insights on the Mechanical Power Transmission Equipment Global Market to 2030 - Identify Growth Segments for Investment - ResearchAndMarkets.com

Retrieved on: 
Friday, March 19, 2021
Manufacturing, Engineering, Commercial policy, Customs duties, Articles, World economy, Free trade, Economic history of the United States, Transmission, Tariff, Economy, Gear, China–United States trade war, Trump tariffs

Magnetic gears are being increasingly adopted in the mechanical power transmission equipment industry.

Key Points: 
  • Magnetic gears are being increasingly adopted in the mechanical power transmission equipment industry.
  • Many developed and developing economies are imposing restrictions on free trade, which are expected to hinder the growth of the mechanical power transmission equipment market in the forecast period.
  • The increase of tariffs on foreign steel especially from China by the USA government in 2018 to 25% has increased the production cost of the mechanical power transmission equipment.
  • Therefore, reduction in the world free trade is expected to hinder the mechanical power transmission equipment market due to expected increase of the production cost and tariffs.

Canada’s unions applaud cancellation of U.S. tariffs

Retrieved on: 
Tuesday, September 15, 2020
Customs duties, International taxation, World economy, Articles, Tariff, Economic history of the United States, Economy, Trump tariffs

OTTAWA, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Canadas unions commend the federal government for acting decisively to end the standoff over U.S.-imposed tariffs on the countrys aluminum exports.

Key Points: 
  • OTTAWA, Sept. 15, 2020 (GLOBE NEWSWIRE) -- Canadas unions commend the federal government for acting decisively to end the standoff over U.S.-imposed tariffs on the countrys aluminum exports.
  • Earlier today, the American government reversed the highly contentious tariffs just hours before the Canadian government was set to impose its own retaliatory actions.
  • The federal government should be commended for its strong defence of Canadian industry and for its ongoing resolve in defending workers.
  • This came just months after it had lifted previously imposed tariffs following the ratification of the Canada-U.S.-Mexico Agreement and which Canadas unions fought for over a year to have removed.

Steelworkers Union Urges Federal Strategy for Stronger, Greener Canadian Aluminum Sector

Retrieved on: 
Tuesday, September 8, 2020
Public policy, Government, Other Natural Resources, Mining, Minerals, Environment, Other Policy Issues, Natural Resources, Trade unions, Countries, International organizations, AFL–CIO, Canadian Labour Congress, International Federation of Chemical, Energy, Mine and General Workers' Unions, International Metalworkers' Federation, United Steelworkers, Canada, Trump tariffs

The United Steelworkers union (USW) is calling for a federal investment strategy to build a stronger and greener Canadian aluminum industry.

Key Points: 
  • The United Steelworkers union (USW) is calling for a federal investment strategy to build a stronger and greener Canadian aluminum industry.
  • The Canadian government intends to impose retaliatory tariffs of 10% on $3.6 billion worth of American exports to Canada, in response to U.S. President Donald Trumps decision in August to impose tariffs on Canadian aluminum exports.
  • The USW represents thousands of aluminum workers in Quebec, where the majority of Canadas aluminum smelters are located.
  • Canada can and must transform an unfair situation into a tremendous opportunity to make the domestic aluminum industry even stronger and greener, Lemieux said.

Statement by the Deputy Prime Minister on US tariffs on imports of Canadian aluminum

Retrieved on: 
Friday, August 7, 2020
Customs duties, Economic history of the United States, World economy, International taxation, Tariff, Economies, Presidency of Donald Trump, Trump tariffs

Canadian aluminum strengthens US national security and has done so for decades through unparalleled cooperation between our two countries.

Key Points: 
  • Canadian aluminum strengthens US national security and has done so for decades through unparalleled cooperation between our two countries.
  • We did so when the US imposed aluminum tariffs in 2018 and we will stand up for them again now.
  • I know we can once again count on a Team Canada approach as we confront these unjustified tariffs on Canadian aluminum.
  • This provides a competitive advantage for our steel and aluminum workers by ensuring privileged access for Canadian steel and aluminum.

Canada’s unions call on government to fight U.S. tariffs

Retrieved on: 
Thursday, August 6, 2020
Customs duties, Economic history of the United States, World economy, Economy, International taxation, Tariff, Cusma, International law, Presidency of Donald Trump, Trump tariffs, United States–Mexico–Canada Agreement

The Canadian government must provide support to affected workers while they work out this dispute.

Key Points: 
  • The Canadian government must provide support to affected workers while they work out this dispute.
  • The United States previously imposed tariffs on Canadian aluminum and steel before the ratification of the Canada-U.S.-Mexico Agreement (CUSMA).
  • Canadas unions fought for over a year to have them removed.
  • The federal government has to continue to forcefully stand up for Canadian workers and industry and must counter these unfair tariffs.

APAA Calls on President Trump to Restore Tariffs on Surging Canadian Aluminum Imports

Retrieved on: 
Tuesday, July 7, 2020
Customs duties, Economy of the United States, International taxation, Economy, World economy, The Aluminum Association, Donald Trump, Tariff, Trump tariffs

WASHINGTON, July 7, 2020 /PRNewswire/ --Yesterday, the American Primary Aluminum Association (APAA) sent a letter to President Trump calling on the Administration to restore America's core manufacturing capabilities and bring back critical supply chains by restoring a 10% tariff on imports of Canadian primary aluminum that are surging into the United States.

Key Points: 
  • WASHINGTON, July 7, 2020 /PRNewswire/ --Yesterday, the American Primary Aluminum Association (APAA) sent a letter to President Trump calling on the Administration to restore America's core manufacturing capabilities and bring back critical supply chains by restoring a 10% tariff on imports of Canadian primary aluminum that are surging into the United States.
  • Since the 10% aluminum tariff on Canadian imports was removed last year, we have seen Prime Minister Trudeau's government announce new subsidies for the Canadian aluminum industry, the restart of Canadian production, and skyrocketing imports of Canadian primary aluminum by over 80% in the last year alone despite an agreement that the Canadians would do no such thing.
  • "Now is the time to put America First and for President Trump to enforce our trade agreements, stop this unprecedented Canadian import surge, and stand strong with American workers by reinstating the 10% tariff on Canadian imports."
  • About the American Primary Aluminum Association (APAA):The American Primary Aluminum Association will advocate to advance the interests of America's primary aluminum industry and its workers through the Aluminum Now campaign.

APAA Responds to New U.S. Government Data Showing Record Surge of Canadian Primary Aluminum Imports

Retrieved on: 
Thursday, July 2, 2020
Economy of the United States, The Aluminum Association, Businesspeople, Presidency of Donald Trump, Donald Trump, United States, Trump tariffs

Since tariffs were lifted, Canadian imports of unalloyed primary aluminum have surged by over 80% in the last year alone.

Key Points: 
  • Since tariffs were lifted, Canadian imports of unalloyed primary aluminum have surged by over 80% in the last year alone.
  • With today's import data from the U.S. government, the APAA is urging the Trump administration to reinstate a 10 percent tariff on Canadian imports of aluminum.
  • The surge in Canadian imports is destroying the U.S. primary aluminum industry and putting thousands of jobs on the line.
  • About the American Primary Aluminum Association (APAA):The American Primary Aluminum Association will advocate to advance the interests of America's primary aluminum industry and its workers through the Aluminum Now campaign.

Canada must oppose any reimposition of unfair aluminum tariffs

Retrieved on: 
Tuesday, June 23, 2020
Customs duties, Contents, Economy of the United States, Economy, Donald Trump, Presidency of Donald Trump, Tariff, Unifor, Trump tariffs

TORONTO, June 23, 2020 /CNW/ - Unifor is calling on the federal government to strenuously oppose any reimposition of punitive tariffs on Canadian aluminum exports to the United States by President Donald Trump.

Key Points: 
  • TORONTO, June 23, 2020 /CNW/ - Unifor is calling on the federal government to strenuously oppose any reimposition of punitive tariffs on Canadian aluminum exports to the United States by President Donald Trump.
  • There are reports that the United States is planning to re-imposea 10% tariffon Canadian aluminum unless Canada accepts strict export quotas on primary aluminum.
  • Canadian aluminum was subject to national security tariffs imposed by the Trump Administration between May 2018 and May 2019 when Unifor launched a campaign against the unfair tariffs.
  • The APAA claims that primary aluminum exports from Canada have "surged" since the lifting of U.S. tariffs, which breaches an agreement struck between the parties.