China’s 100% tariff on Canada’s canola meal and oil have supercharged Canadian farmers’ shift to spring wheat. Millers and bakers are benefitting from the production decision of Canadian farmers.—reuters.com
Category: MIT4
Global Markets and International Trade
Keywords: Winners, losers, and net gains from trade, International trade restrictions, The case against protection
Parkin 14e Chapter 7
Bade-Parkin 9e Chapter 9
Parkin-Bade Canada 11e Chapter 7
Parkin-Bade Australia 2e Chapter 9
Parkin-Powell-Matthews 11e Chapter 7
U.S. Open to New Lumber Talks with Canada
The United States is open to negotiation with Canada to resolve a dispute over U.S. tariffs on softwood lumber. U.S. homebuilders have clamored for the Biden administration to remove the duties on Canadian softwood lumber that range from 6.75% to 20.24%—reuters.com
Trump’s Trade War Looms Over Soybean Farmers 4 Years Later
It’s been nearly four years since China put tariffs on American soybeans in a trade war with then-President Donald Trump. The Chinese tariffs hurt U.S. farmers by making American-grown soybeans more expensive for Chinese buyers.—cnn.com