Executive Summary Increases to import tariffs on foreign vehicles have been hinted at by President Biden and suggested by the House Select Committee on the Chinese Communist Party (CCP). While automobile tariffs are often implemented to stimulate sales of domestic vehicles, it is unclear if American manufacturers can meet the increasing demand for electric vehicles (EVs); high tariffs also dramatically … Continue reading
Author Archives: Nicolo Pastrone
Economy / Technology / Trade
Big Businesses Ache and Small Businesses Suffer from Digital Protectionism
Executive Summary The United States Trade Representative (USTR) withdrew its support for World Trade Organization (WTO) proposals that promoted cross-border data flows and restricted requirements for data localization and source code transfers. While the decision has been cited as an effort to maintain sufficient “policy space” and control Big Tech, small and medium-sized enterprises (SMEs) … Continue reading
Trade Barriers and Tariff Schedules: How the United States Risks Chinese Dominance in the Indo-Pacific
Executive Summary While China is reaping the benefits of entering the Regional Comprehensive Economic Partnership (RCEP) – the world’s largest free trade agreement (FTA) – the United States has not established a competitive FTA of its own in the Indo-Pacific. RCEP’s tariff schedule aims to reduce tariffs for RCEP nations by approximately 92 percent over … Continue reading
Potential Impacts of Trump’s Proposed 10% Tariff on SMEs
Executive Summary If elected in 2024, Trump is proposing a 10% tariff on all U.S. imports. As a result, U.S. businesses would be faced with a substantial rise in import costs. Much of this would likely be paid by small and medium-sized enterprises (SMEs), who may end up taxed over $83.9 billion annually. Introduction If … Continue reading
