International Trade and Global Business

Most Recent

New Study Faults Tariffs as Trade Weapon

January 08, 2020 5:11 PM

An argument often heard by proponents of higher tariffs is that they promote domestic job growth by restricting cheaper imports.  Faced with higher costs, domestic producers will step forward to produce what was once imported.  “Bring back those good jobs and make America a manufacturing powerhouse again.”
Turns out, they were wrong.
A recent Federal Reserve study found that in the aggregate, US tariffs have led to job losses for the US manufacturing sector as well as higher prices for US consumers. It indicates that while tariffs did reduce competition for some industries in the US market, this was offset by the effects of rising input costs and retaliatory tariffs on US goods.
 ... Read More >> >

Comments (0) Comments >
Other Posts

2020 Will Be Consequential for Trade

The year 2020 will be interesting for international trade. The US-China trade row has already been tough on growth. Sensing increased risk, companies have slowed new investment. Consumers in many countries, except in the US, have throttled back on spending, which... Read More >>

A Trade Deal Before Christmas?

Two weeks shy of the deadline when additional tariffs are imposed on a new set of Chinese imports, unofficial bets are getting made on whether an 11th-hour deal will save the day. What's at stake is $130 billion worth of goods, mostly... Read More >>

Make Sure You're Complying with Export Control Laws

Heightened export control vigilance, especially in the US, adds additional burdens to supply chain management. Yet, remaining oblivious to the need to have procedures in place can put you in a real bind. Most cross-border transactions are pretty low risk. But when... Read More >>

How China is Using AI to Dominate the Global Economy

With the world’s largest population and soon to be the largest economy, China also aims to achieve global dominance in the use of artificial intelligence (AI). The ambitious project was set forth by the Communist Party of China in 2017,... Read More >>

New Online Tool for Protecting Your IP in China and Elsewhere

Intellectual property protection in China, always a concern for foreign businesses, now is more understandable thanks to a new tool from an agency of the US government. Non-US companies will find most of the guide useful to them.   ... Read More >>

Self-Imposed Isolationism is Bad for Business

Trade policy people have been in Washington, DC for the annual World Bank and International Monetary Fund meetings. Absent this year are groups of protestors including anti-globalists, anarchists and others who accuse these international bodies of driving the people of the... Read More >>

Irish Designer Introduces Fun, Sustainable Alternative to Disposable Cups

Mailo Power, founder of Monkey Cups, didn’t originally set out to design a permanent replacement for disposable coffee cups. A hotel designer and artist, Mailo and her husband were hoteliers in Waterford, Ireland’s oldest city, while living in the picture-perfect seaside... Read More >>

Trade Barriers are Rising, but Deal Still Possible

Mixed news on the trade agreement front.... Read More >>

Cross Border Supply Chains are Good for Business

Creating an efficient supply chain opens a world of opportunity for smaller entrepreneurs. Such chains are mundane topics for many people, but they've been a key factor in delivering the benefits of globalization. Whatever the size of the company supply chains... Read More >>

Global Public Affairs Expert Opens New Consulting Firm

Small to medium-sized businesses tend to be nimble, able to act on opportunities the moment they come to light. And while innovators at large firms might have to navigate a labyrinth of management to get their ideas in front of a... Read More >>
View All Posts