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FriedButter

FriedButter

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U.S. proposes fresh tariffs on 60 economies over forced labor trade practices​

The Office of the U.S. Trade Representative has proposed additional tariffs of up to 12.5% on imports from 60 economies over their failure to ban goods made with forced labor, in a sweeping action that would hurt most trading partners, including China, the European Union and Japan.

The determination, made under Section 301 of the Trade Act of 1974, found that all 60 countries have failed to impose or effectively enforce a prohibition on forced labor-related imports, creating what it called an "unlevel playing field" for American workers.

USTR has proposed a 10% duty rate for economies that have adopted a full or partial prohibition on forced labor trade, and 12.5% for all other economies.

The trade authority also proposed a separate textile mechanism that would allow for a certain volume of apparel and textile imports from some economies to enter the U.S. at reduced rates.

"The failure of our most important trading partners to address the importation of goods made with forced labor is unacceptable. This creates a dynamic where American workers are forced to compete globally on an unlevel playing field," said U.S. Trade Representative Jamieson Greer.

"We will no longer tolerate this disparity. Some trading partners have taken initial steps to prevent the importation of forced labor goods, including through USMCA and commitments in Agreements on Reciprocal Trade. However, each of our trading partners must do more to ensure that trade does not perversely encourage and entrench forced labor globally."

The proposal comes after the U.S. Supreme Court struck down most of President Donald Trump's "Liberation Day" tariffs earlier this year, leaving a 10% global baseline in place. The administration has since turned to Section 301, which authorizes the president to impose levies to counter unfair foreign trade practices harming U.S. commerce.

Written comments for the proposal are due by July 6, with public hearings scheduled on July 7, according to the notice.

Separately, the U.S. government also started seeking public comments Wednesday on the scope of a new U.S.-China Board of Trade — agreed by the two sides during a bilateral summit last month — which would lead to reduced tariff rates on each other's goods. The government has also sought public opinion on non-sensitive sectors that could benefit from tariff modifications on both sides
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Office of the U.S. Trade Representative has proposed additional tariffs of up to 12.5% on imports from 60 economies over their failure to ban goods made with forced labor, in a sweeping action that would hurt most trading partners, including China, the European Union and Japan.
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So I guess MIGA is eager to start trade war 3.0 with China again. Amidst the kicking the Iran can down the road and the inevitable slow moving train wreck in Ukraine
 
horse

horse

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Registered Member
Here is a question, two of them, for the forum.

Consider the questions before reading the article. If you are not going to read the article, then do not bother with the questions.

1. Do you know who Stephen Curry is?

2. Do you know who Chris Smith is?

The answers to these two questions demonstrate how successful America's containment of China strategy has been.

It also demonstrates the dynamics of soft power.

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plawolf

plawolf

Lieutenant General
VishwaguruSteak said:
What a clownshow that Sikhs get a religious exemption to carry fully functional "ceremonial knives" in a country that bans carrying knives.
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To be fair, most Sikhs carry a tiny, token version on necklaces which are only marginally more lethal than butter knives. This loon was carrying the ceremonial version but also an effective machete, which is a total abuse of the religious exemption and he and many members of his family are now also catching weapons charges as a result.

There may be, should be a change in the law to vastly curtail religious carry to strictly the minimal lethal necklace version. But that’s going to have zero impact on the UK being able to course correct from its current terminal toilet spiral deep dive. But that’s due to a combination of the British elites who dominate positions of power all being talentless nepo parasites and the general public being too mentally enslaved to reach the only logical conclusion that might actually save their country - get rid of the rotten incompetents in charge. Instead they are pathetically easy to distract and divert with utterly meaningless racist dog whistle nonsense like this case, where justice is being delivered so there is nothing that needs fixing unless they have the actual balls to bring back capital punishment, which they don’t.
 
manqiangrexue

manqiangrexue

Brigadier
shiftenter said:
Japanese banana importers are now relaying on Chinese exported ethylene now.

View attachment 176012
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That's no big deal; Japanese people are used to fruit being insanely expensive. $100 honeydews, $5 for 10 cherries, $20 per strawberry, that kinda shit, except before, it was self-inflicted (let's cut all the melons off the vines so just this one can grow).
 
shiftenter

shiftenter

Junior Member
Registered Member
manqiangrexue said:
That's no big deal; Japanese people are used to fruit being insanely expensive. $100 honeydews, $5 for 10 cherries, $20 per strawberry, that kinda shit, except before, it was self-inflicted (let's cut all the melons off the vines so just this one can grow).
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Speaking of which, I saw this in a supermarket. 18000 JPY (112USD) for a bunch of grapes
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In terms of melons, the extreme hammer price is 5.8million JPY (36,000USD) for 2 melons. Although this is rather a marketing stunt instead of actual market value, it is a case that resemble how pricy fruits in Japan is.
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