Why the U.S. tariff threat is futile

Trade conflicts are nothing new in U.S. economic history, and they invariably go through the same tired cycle. Initially the United States intended to limit competition and bulwark its economy, but quickly ended up damaging the wider economy. The Great Depression of the 1930s is a perfect case in point. Under economic pressure, President Herbert
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The U.S. in the next five years will become an energy exporting powerhouse — rivaling Saudi Arabia in oil exports and growing into one of the world’s largest gas exporters, regardless of its trade spat with China, analysts said. China slapped tariffs on a range of oil products, liquid petroleum gas and coal, as well
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China has added US LNG to its list of products liable to a potential 25% import duty if the US follows through on threats to expand its existing round of tariffs on Chinese exports, according to an announcement Friday by the Customs Tariff Commission of the State Council. The move by Beijing comes in response
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China’s steel futures pulled back after hitting their highest level since 2013 on Wednesday as news that the United States could slap higher tariffs on $200 billion of imported Chinese goods halted a rally that pushed prices 10 percent last month. But traders say Beijing’s sustained campaign to curb industrial production, including steel, to fight
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Chinese imports to U.S. ports rose more than expected in June, suggesting that some retailers moved up orders to insulate themselves from an intensifying trade war that threatens to send up costs on a growing number of consumer products. Retailers such as Walmart Inc (WMT.N) and Amazon.com (AMZN.O) face uncertainty due to U.S. President Donald
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Chinese steel futures rose on Wednesday after the country’s biggest steelmaking city, Tangshan, said it would deepen output curbs over the summer, raising concerns of tight supplies in the market. Tangshan, home to 64 steelmakers, has ordered steel mills, coke producers and utilities to cut output further starting from July 20 until Aug. 31, according
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NEW DELHI: The Steel Ministry has suggested two options to the Commerce Ministry for the latter’s meeting with the United States Trade Representative (USTR) for resolving the issue of 25 per cent import tariff on steel imposed by the US. Stating that the US move could lead to cross dumping into the Country, the Ministry
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Oil prices fell on Wednesday after U.S. President Donald Trump threatened to levy new tariffs on China, deepening a trade dispute that could depress energy demand. The spectre of tariffs on a further $200 billion of Chinese goods sent commodities lower along with stock markets, as tension between the world’s biggest economies intensified. Benchmark Brent
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China’s aluminum exports hit their highest in nine months in March as strong international prices led the world’s biggest producer to sell more abroad, despite a growing trade spat with the United States. The impact of a new U.S. import tariff was limited as it only took effect from March 23, traders and analysts said,
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China has taken aim at America’s rural heartland as the top buyer of U.S. soybeans said it would restrict imports. China’s Ministry of Commerce on Wednesday said it plans to impose 25 percent duties on the commodity in addition to other U.S. agricultural produce including wheat, corn, cotton, sorghum, tobacco and beef. They’re among 106
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