Tariffs

Indian Government Begins Moving to Curb Chinese Imports

The government of India is stepping in to help local manufacturers develop alternatives to Chinese imports, and is officially asking consumers to boycott Chinese products in retaliation for the border skirmish that left at least 20 Indian soldiers dead last week.

Exile Tibetans and local Indians burn a Chinese national flag during a protest in Dharmsala, India, Friday, June 19, 2020. India said Thursday it was using diplomatic channels with China to de-escalate a military standoff in a remote Himalayan border region where 20 Indian soldiers were killed this week. (AP …

Chinese State Media: U.S. ‘Is Likely to Regret’ Holding Beijing Accountable for Coronavirus

Chinese state media is still cranking out editorials denouncing U.S. lawsuits intended to hold Beijing accountable for the death and damage inflicted by the Wuhan coronavirus, suggesting the Chinese Communist Party (CCP) is more than a little worried about backlash from the pandemic, even if the legal principle of sovereign immunity protects it from these particular lawsuits.

Chinese President Xi Jinping (R) and US President Donald Trump attend their bilateral meeting on the sidelines of the G20 Summit in Osaka on June 29, 2019. (Photo by Brendan Smialowski / AFP) (Photo credit should read BRENDAN SMIALOWSKI/AFP via Getty Images)

Spencer McGowan: Trump Should Tariff Saudi Arabia for Dumping Oil

President Donald Trump should impose tariffs on Saudi Arabia’s oil exports to the U.S. in response to the kingdom’s dumping of oil during record-low global prices of the commodity caused by coronavirus-related economic shutdowns, said Spencer McGowan, founder of McGowan Group Asset Management and host of NetWorth Radio.

Oil rigs extract petroleum as the price of crude oil rises to nearly $120 per barrel, prompting oil companies to reopen numerous wells across the nation that were considered tapped out and unprofitable decades ago when oil sold for one-fifth the price or less, on April 25, 2008 in the …