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2 months ago | 
piie.com | Gary Clyde Hufbauer |Jeffrey J. Schott |Ye Zhang |Julieta Contreras
What’s next for US trade relations with Canada and Mexico as Trump threatens withdrawing from the trade deal.
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Jan 14, 2025 | 
piie.com | Gary Clyde Hufbauer |Megan Hogan
This PIIE Briefing assesses the effectiveness of the US government’s program of federal subsidies to foster domestic production of advanced semiconductors. It focuses on the results so far of Division A of the 2022 CHIPS and Science Act, with a subsidy budget (including collateral investment tax credits) approaching $200 billion.
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Aug 12, 2024 | 
news.bloomberglaw.com | Gary Clyde Hufbauer
The chair of the EU’s parliamentary tax subcommittee is calling for a centralized asset registry—a repository of all forms of wealth held by EU citizens (or at least the wealthy ones), as well as corporations, partnerships, and other business entities. The proposal has sparked a lot of controversy, and with good reason. The purpose of this digital monstrosity is supposedly to track terrorists, money launderers, and tax cheats.
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Aug 4, 2024 | 
eastasiaforum.org | Gary Clyde Hufbauer |Pieter E. Stek |Yoram Evron |Marina Yue Zhang
Overcapacity in China’s green industries is now said by the United States and others to be a major problem in international trade. Subsidy and dumping practices are well defined in the WTO rulebook, which spells out remedies to compensate aggrieved producers. But ‘overcapacity’ has never been defined by the World Trade Organization, nor have remedial measures ever been articulated to deal with it.
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Jul 30, 2024 | 
piie.com | Gary Clyde Hufbauer
Former president Donald J. Trump is running to return to the White House with an ambitious economic agenda. He will need Republican control of the Senate and the House to carry out some but not all of his proposals, and if he avoids congressional approval and uses his power to issue executive orders (EOs) that arguably reach beyond the authority of existing statutes, as he did when he was president, he will surely be challenged in court.
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Jul 3, 2024 | 
globaltimes.cn | Gary Clyde Hufbauer
Blocking free trade. Illustration: Liu Rui/GTUS politicians are advocating for steep tariffs, echoing the protectionist Fordney-McCumber Tariff of 1922. Despite potential international retaliation, risks to global economic rules and a shift from post-World War II principles, US politicians have promised to increase trade barriers against China, causing concerns for the sustainability of global economic harmony. A century ago, the Republican Congress passed the Fordney-McCumber Tariff of 1922.
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Jun 7, 2024 | 
eastasiaforum.org | Robert G Patman |Qisheng Wu |Dianzan Li |Gary Clyde Hufbauer
Despite increasingly strong warnings from Chinese officials, New Zealand’s National Party-led coalition government is continuing to actively explore the prospect of joining Pillar II of AUKUS. In September 2021, the governments of Australia, the United States and the United Kingdom announced the formation of AUKUS, an enhanced security partnership intended to bolster the international rules-based order in the Indo-Pacific.
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Jun 5, 2024 | 
eastasiaforum.org | Qisheng Wu |Gary Clyde Hufbauer |Chansambath Bong |Dianzan Li
The Committee on Foreign Investment in the United States (CFIUS) was established in the 1970s by the US Department of Treasury as a mechanism to address national security risks associated with cross-border capital flows. While historically focused on scrutinising foreign investment activities within US borders, recent developments might precipitate an unprecedented shift in this operational paradigm.
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Jun 3, 2024 | 
afr.com | Gary Clyde Hufbauer
A century ago, the Republicans passed the Fordney-McCumber Tariff of 1922 to protect the United States from German competition and rescue business from falling prices. The move triggered a global wave of tariff increases. While long forgotten, echoes of Fordney-McCumber now reverberate across the US political landscape. Once again, politicians are grasping the tariff as a magic talisman against economic ills – the rise of China, the plight of workers and the general unfairness of the world economy.
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Jun 2, 2024 | 
eastasiaforum.org | Gary Clyde Hufbauer |Robert G Patman |Qisheng Wu |Dianzan Li
A century ago, the Republican Congress passed the Fordney–McCumber Tariff of 1922. This post-First World War effort to protect the United States from German competition and rescue business from falling prices sparked a global wave of tariff hikes. While long forgotten, echoes of Fordney–McCumber now reverberate across the US political landscape.
