poker

Trump Upped the Ante in High Stakes Game of Tariff Poker

The biggest chunk of tariffs in the Great Tariff War of 2018 is between the United States and China, beginning with two rounds of tit-for-tat tariffs worth around $50 billion against one another. The United States just raised on the ante by another $200 billion. China will not fold; they will go “all in” in this poker game, but we don’t know what that means yet as they hold their cards close.

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Young farmer in corn fields

Trade, Respectfully

Farmers are price takers. For years, the export opportunities created by market opening policies have been positively reflected the price they get for their corn. But as we spoke about current trade policy with its frequent tariff announcements, the farmers were checking the current price of corn. “We’re down to 3.6!” a farmer from Michigan interjects as we talk about China.

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whiskey

The Sobering Reality of a Tariff War

There is plenty of collateral damage in a tariff war because the one-upmanship spills over beyond the sectors named in the original complaint (steel for example), sweeping in producers like farmers for maximum political effect. The other dirty little secret in tariff wars is that they provide cover for governments to protect the producers of products facing normal market competition. That’s what might just be motivating our closest trading partners to put American whiskey on their lists for tariff retaliation.

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China United States Trade

U.S.-China “Trade War” Timeline

Unconventional Trade Warfare Since taking office, the Trump administration has been building its case against Chinese practices they view as unfair to American businesses, including subsidization of industrial production and requirements to transfer proprietary U.S. technologies. The Trump administration has also taken aim at the opaque connections between state-directed and strategic private enterprises, seeking to […]

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barn

Wisconsin Farmers Are Rooting Against Ginseng Tariffs

In early April, China announced $3 billion worth of tariffs on 128 U.S. goods including fruit, wine, nuts - and the type of American ginseng grown in Marathon, Wisconsin. With a new 15 percent tariff on their ginseng, Wisconsin growers worry they will lose sales to Canadian producers who compete for the same customers in China.

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heirloom tomatoes copy_Fotor

All the World Treasures an Heirloom – Tomato, That Is

Farmers markets are a great way to shop fresh and seasonal, but if you can't get there, you can still find an increasingly impressive selection of tomatoes at your local grocery store. To meet year-round demand, the business of the heirloom tomato has grown global.

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Brewer at the manufacture

Tariffs Could Bring American Craft Beer Exports Down From Their High

American craft breweries sold 482,309 barrels valued at $125.4 million to customers overseas in 2017. Over half of those exports went north to our good beer-drinking friends, the Canadians. Mexican brewers are the largest customer for American barley. If NAFTA negotiations don't go well, we may all see the cost on our tab.

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Rubber band ball on blue background

American Rubber Band Makers in a Bind

In 2016, the United States imported $1.3 billion worth of natural rubber, second only to China as the world's largest importer. But America's largest rubber band manufacturer has asked U.S. trade agencies to investigate whether China, Thailand, and Sri Lanka are subsidizing their producers, enabling them to sell unfairly cheap rubber bands.

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vector-blueprint-with-electrical-vector-id656662852

China’s Addiction to Intellectual Property Theft

President Trump just announced $50 billion worth of tariffs and other penalties on China for its theft of intellectual property, technology, and trade secrets. China will not change its behavior absent external pressure -- pushing back against the constant drain from Chinese IP theft is long overdue.

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crowd-in-nanjing-road-picture-id636069862

On Whose Turf Will the Trade War Be Fought?

While President Trump believes China's large trade surplus shifts the balance of power in a tariff war to the United States, China can respond by punishing U.S. affiliates, who are sitting ducks in a trade war.

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