The United States has imposed 50% tariffs on Canadian products valued at approximately $20 billion. In retaliation, Canada has imposed tariffs of up to 50% on about 700 U.S. products valued at approximately $20 billion, marking the beginning of a new trade war.—reuters.com Questions What is a tariff? How important is the United States–Canada trading … Continue reading A New Trade War
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
Canada’s Spring Wheat Market
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
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