Tag: Customs (Tariff)

China Wine Tariff Pushes Australia’s Grape Growers Into Crisis

Chin@Strategy

For years, China’s thirst for Australian wine seemed insatiable. Chinese drinkers were so passionate about big-bodied red wines from Australia that many vineyards replaced white grapes with darker varieties. Wineries even reverted to using corks — instead of convenient screw tops — because Chinese consumers liked the traditional plug. But then everything unraveled. In April 2020, Australia’s prime minister at the time, Scott Morrison, called for an independent investigation into the origin of Covid-19. Beijing was furious, denouncing “political games” meant to assign blame for the pandemic. In response, China…

European Steel Plan Shows Biden’s Bid to Merge Climate and Trade Policy

Chin@Strategy

WASHINGTON — President Biden has promised to use trade policy as a tool to mitigate climate change. This weekend, the administration provided its first look at how it plans to mesh those policy goals, saying the United States and the European Union would try to curb carbon emissions as part of a trade deal covering steel and aluminum. The arrangement, which American and European leaders aim to introduce by 2024, would use tariffs or other tools to encourage the production and trade of metals made with fewer carbon emissions in…

U.S. Signals No Thaw in Trade Relations With China

Chin@Strategy

WASHINGTON — The Biden administration offered its strongest signal yet that the United States’ combative economic approach toward China would continue, with senior administration officials saying that President Biden would not immediately lift tariffs on Chinese goods and that he would hold Beijing accountable for trade commitments agreed to during the Trump administration. Comments on Monday by Katherine Tai, the United States trade representative, and other officials provided one of the first looks at how the Biden administration plans to deal with a rising economic and security threat from China.…

Businesses Push Biden to Develop China Trade Policy

Chin@Strategy

Treasury Secretary Janet L. Yellen told The New York Times this summer that tariffs had harmed American consumers, but she has also warned that Chinese subsidies for exporters pose a challenge for the United States. The United States trade representative, Katherine Tai, has described the tariffs as providing leverage. Understand the Infrastructure Bill One trillion dollar package passed. The Senate passed a sweeping bipartisan infrastructure package on Aug. 10, capping weeks of intense negotiations and debate over the largest federal investment in the nation’s aging public works system in more than a…

Luxury’s Gray Market Is Emerging From the Shadows

Chin@Strategy

Imagine you are hunting online for a pair of square-toed slides from Bottega Veneta, one of the most-hyped luxury brands of the moment. A new season pair can cost more than $550 from the brand’s website, an old-guard department store like Neiman Marcus or a newer e-commerce player like Net-a-Porter. But what if you chose to buy from Cettire, a website offering discounts of up to 30 percent on the latest fashion styles? You would be a player in the multibillion-dollar luxury “gray” market, a fast-growing sales sector that has…