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SUNDAY, NOVEMBER 22, 2009
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NEWS ABOUT: tariffs

tariffs stories: 14 news summaries

 Obama 
 Rallies Labor 
 to Back 
 Reform 

President rallies for support at AFL-CIO rally, Ohio GM plant

(Newser) - President Obama returned to friendly territory at an AFL-CIO rally in Pittsburgh and a GM plant in Ohio today to rally support for his health care reform plans, the Wall Street Journal reports. Noting that the issue had been talked “to death,” Obama asked the audience of AFL-CIO... More »

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General Motors Ohio AFL CIO tariffs health care reform Pittsburgh

(Newser) - US-China trade tensions escalated yesterday when Beijing announced it was investigating whether the US dumped auto parts and chicken products onto the Chinese market, the LA Times reports. An expert calls the retaliatory move, which comes days after the White House slapped a 35% import tariff on Chinese tires, "... More »

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China exports tariffs labor unions protectionism chicken Chinese exports tires

Obama Slaps Stiff Tariff
on Chinese Tires

China threatens retaliation after president moves to protect US tire industry

(Newser) - President Obama has imposed tough new tariffs on the import of Chinese-made tires, the Wall Street Journal reports. The 35% import tariff comes in response to industry complaints that Chinese-made tires are flooding the US, jeopardizing thousands of jobs. China attacked the decision, saying it violated trade rules, and threatened... More »

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China imports tariffs protectionism World Trade Organization. Chinese exports tires

Big Food Battles Big Sugar
to Cut Import Prices

Food firms warn of shortages if cheap foreign sugar blocked

(Newser) - America could "virtually run out of sugar" if more cheap foreign imports aren't allowed in, some of the nation's biggest food companies warned Agriculture Secretary Thomas Vilsack in a recent letter. The firms—which pay around twice the world market price for sugar because of tariffs to protect... More »

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imports tariffs sugar imported food food industry

Free Trade Under Fire as Protectionism Surges

November's G-20 agreement is abandoned as nations erect commerce barriers

(Newser) - The global recession has protectionism making a comeback, the New York Times reports, dimming hopes that leaders can create lasting solutions to the crisis at April’s Group of 20 economic summit in London. The last G-20 meeting, held in November, yielded an agreement to promote free trade that was... More »

(AP) - Mexico said yesterday it will increase tariffs on about 90 US products in retaliation for last week's decision to end a pilot program that allowed some Mexican trucks to transport goods in the United States. The measure will affect about $2.4 billion in trade involving goods from 40 states.... More »

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Mexico trade NAFTA tariffs free trade protectionism

 Bush's Cheesy War 
 Cuts French Farmers 

Massive tariff amounts to ban on Roquefort

(Newser) - On its way out the door, the Bush administration essentially banned France’s prized Roquefort cheese from US shelves with a 300% tariff. The move was a tit-for-tat after the EU banned the import of US beef containing hormones, said a US trade rep. But residents of the cheese-dependent Roquefort... More »

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Bush administration European Union France beef cheese tariffs

 Global Trade Talks Collapse

Breakdown halts seven years of progress to hammer out deal

(Newser) - World Trade Organization talks to forge a new global trade pact collapsed yesterday after seven years of negotiations. An EU spokesman called the breakdown a "massive blow to the confidence in the global economy." The talks fell apart as China and India demanded the authortity to impose "... More »

Ties to Corn Industry Shape Obama's Policy

Views on ethanol please agribusiness, not economists

(Newser) - Barack Obama trumpets corn-derived ethanol as an alternative energy source and has endorsed tariffs that benefit the industry. But the Times reports that many in the Obama campaign, from Tom Daschle to the candidate's top environmental adviser, have close ties to the corn industry—a kernel of the surprise victory... More »

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Barack Obama agriculture ethanol corn tariffs Tom Daschle protectionist trade measures

US Slams EU
Over Tariffs
on High Tech

Washington appeals to WTO to end levies on $70B worth of goods

(Newser) - The US butted heads with the European Union today over import tariffs on more than $70 billion worth of computer screens and other technology products, Reuters reports. "The EU should be working with the United States to promote new technologies, not finding protectionist gimmicks to apply new duties to... More »

Defiant African Leaders Reject EU Trade Deal

Relations between continents sour over human rights, Mugabe

(Newser) - European-African trade talks at a tense Lisbon summit collapsed in their final session yesterday. If a new agreement isn’t reached by year’s end, the European Union may levy higher tariffs on African exports, further exacerbating tensions between the continents. A new, controversial set of agreements would have dropped... More »

China Agrees
to End Trade Subsidies: US

'Market-distorting'
tax breaks helped create imbalance

(Newser) - China agreed today to end trade measures the US had called “market-distorting”, the Associated Press reports, ending a months-long dispute before the world's top trade board. One set of tax breaks encourages Chinese firms to boost exports to the US and other countries; another set of tariffs made it... More »

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China US-China trade deficit WTO tariffs

Bush Vows Free Trade Push

Slams executive compensation as 'unfair'

(Newser) - President Bush believes many Americans have lost confidence that they can compete in the world economy and he plans to champion his free trade agenda in the final months of his presidency, he told the Wall Street Journal. Bush also criticized excessive executive compensation, saying some salaries "send a... More »

(Newser) - The Chinese government is threatening to crash the American dollar by liquidating its $1.33 trillion in foreign reserves if the US dares impose trade sanctions to force a revaluation of yuan, reports the Telegraph. Two Communist Party officials have given interviews in recent days with stern warnings directed at... More »

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China Senate economics United States trade Communist Party Capitol Hill yuan US economy Chinese economy US revaluation tariffs nuclear option US dollar

14 Stories