The Aluminum Association is pleased by the hike in Section 301 tariffs on aluminum products -- even though it applies to more products than it wishes were covered -- and says Mexico's reporting is helping with trade remedies covering Chinese, Russian and Belarussian steel.
Trade groups representing corn and soybean farmers say that if Donald Trump imposes 60% tariffs on Chinese imports, as he has promised to do if re-elected, it would devastate their exports to China.
The strong differences in tariff and immigration policies whether Donald Trump or Kamala Harris wins the election made it difficult for a think tank's economic outlook, but Alejandro Werner, a senior fellow at the Peterson Institute for International Economics, said that Mexico will have a slow-down in foreign investment over the next couple of years because of "the uncertainty associated with the continuation of the USMCA regardless of who wins the election."
The American Apparel and Footwear Association and the Fair Labor Association told the interim leader of Bangladesh that they appreciate the goverment's plan to align labor laws with International Labor Organization standards, but asked him to institute an annual minimum wage review for garment, footwear and travel goods workers, including the voices of unions, workers and employers.
China-dependent supply chains developed because of the demands of retailers to sell products at low price points, a panelist explained at the Commerce Department's first supply chain summit, but the company is working to change that.
Sheep ranchers in the U.S. are complaining that U.S. Trade Representative Katherine Tai hasn't asked the International Trade Commission to open a safeguard investigation for mutton and lamb imports, more than a year after they first asked for the action.
A survey of large American-headquartered multinationals -- 40% of which capture more than $1 billion in revenue from Chinese operations -- found as one of their top concerns the rising competitiveness of Chinese companies, whether from subsidization or business advances, or a combination of those factors.
Shein audits in 2023 uncovered two contract manufacturers that were hiring children 15 years old or younger in China, the company reported, and the companies let those workers go, paid their outstanding wages, and facilitated a return to their parents or legal guardians. "SHEIN also ensured the contract manufacturers strengthened their processes for screening new hires, such as checking and maintaining records of all employees’ IDs. Following appropriate remediation, the contract manufacturers were permitted to resume business," the report said.
Kharon has signed a contract with the DHS office that oversees the Uyghur Forced Labor Prevention Act Entity List to provide it with access to Kharon’s ClearView risk analytics platform, Kharon said in a news release Aug. 21. Kharon said the deal will provide access to the platform for the DHS analysts who support the Forced Labor Enforcement Task Force. Kharon signed a similar deal with CBP in 2023 (see 2310190049).
The Organization for Economic Cooperation and Development, which tried and failed to coordinate restraints on steel overproduction, reported that the World Trade Organization hasn't been able to discipline support for and from state-owned enterprises, and that free trade agreements are likely the best route to curtail their trade distorting effects.