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Trade

Trump Takes Aim At Globalization On ‘Liberation Day’

April 3, 2025 Jimena Vergara, Left Voice. , , ,
On Wednesday, President Donald Trump announced that the United States will impose a 10 percent tariff on all imports and additional, much higher rates for specific nations, in what he called “Liberation Day” for U.S. trade policy.  The universal baseline tariff will begin on April 5 and the added penalties will take effect by April 9. The countries being specifically targeted for being “unfair trade partners” are China (which is being hit with a 34 percent tariff), Japan (24 percent), and the nations included in the European Union (20 percent). There is increasing fear among sectors of the American ruling class and some think tanks that Trump’s tariffs are fueling geopolitical shifts and further jeopardizing U.S. hegemony.

Setting The Pace In Auto: Thinking Bigger Than Tariffs

March 31, 2025 Andrew Elrod, Labor Notes. , , , , , ,
President Donald Trump’s infatuation with tariffs dates back to the 1980s, when he first said tariff was “the most beautiful word in the dictionary.” On March 26 he announced “a 25 percent tariff on all cars not made in the U.S.,” but exempted auto parts that comply with the U.S.-Mexico-Canada Agreement, the successor to NAFTA. For those parts, and for the 25 percent of U.S.-sold vehicles that are assembled in Mexico and Canada, the tariffs will be applied partially at an undisclosed date to only the non-U.S. part of the vehicle’s value. Essentially, auto manufacturing is already so integrated across North America that the administration has left carve-outs for Mexico and Canada.

Trump Has Ignited A Wave Of Economic Defiance In Canada

March 26, 2025 Aparajita Ghosh, Waging Nonviolence. , , , ,
The relationship between Canada and the United States, once a symbol of economic interdependence and diplomatic cooperation, now stands at a crossroads. The recent imposition of sweeping 25 percent tariffs on Canadian exports by U.S. President Donald Trump has ignited a wave of resistance in Canada. But beyond the sharp exchanges of political rhetoric and retaliatory measures, a quieter but resolute movement is emerging — one that is reshaping Canadian consumer behavior, business practices and national identity. In response, former Canadian Prime Minister Justin Trudeau swiftly retaliated with tariffs on $20.8 billion worth of American goods, signaling a sharp departure from Canada’s traditionally measured approach to trade disputes.

International Solidarity Is The Union Answer To Tariffs And Deportations

February 25, 2025 Jeffrey Hermanson, Labor Notes. , , , ,
United Auto Workers President Shawn Fain has recently expressed the UAW’s readiness to “work with Trump on trade.” Teamsters President Sean O’Brien spoke on a podcast against “illegal immigrants that come into our country to commit crimes and steal jobs.” But based on my experience, in the long run, international solidarity is the only way we can build working-class power. Demagogues like Trump have often exploited the protectionist and anti-immigrant sentiments that have been widespread in American labor for generations. A working class that is divided, both within the U.S. and across North America, is easier to exploit. Corporations have greatly profited from our divisions over the three decades since NAFTA was enacted.

Trump’s Threats Expose Canada’s Utter Dependency On The US

February 16, 2025 Adam D.K. King, Portside. , , , , ,
United States President Donald Trump’s tariffs against Canada are understandably causing much consternation and debate. Some business leaders are forecasting dire warnings, union officials are calling for retaliation and relief while also sidling up with their corporate counterparts to present a united front. But these developments are about much more than tariffs. Trump’s tariff plan exposes the perils of Canada’s dependency on the US and the price of integration within the American Empire. To discuss these issues, last week I sat down with Sam Gindin. For more than 25 years, Sam was research director of the Canadian Auto Workers union.

Trump Escalates Trade War With 25% Tariffs On Steel And Aluminum

February 15, 2025 Masao Suzuki, Fight Back! News. , , , , ,
San José, CA – On Monday, February 10, President Trump signed an executive order raising tariffs, or taxes on imports, to 25% on steel and aluminum. The tariffs are to start on March 4. While his first round of tariffs on Canada, Mexico and China was based on a “national emergency” of refugees and drugs coming into the country, the latest tariff order used a “national security” rationale. They are seen as less likely to be suspended as the first round was. Trump says that these tariffs will create jobs and expand manufacturing, but in fact they raise prices and cause overall job losses in manufacturing.

Should Canada Be Ready To Switch Sides?

February 15, 2025 Jen St. Denis, The Tyee. , , , ,
Jeff Rubin is the former chief economist for CIBC World Markets and is the bestselling author of a number of popular economics books that have tried to explain how the world is changing and departing from the norms of the 20th century to a more unsettled era of scarcity, inequality, natural disasters and war. His previous books have warned about the end of cheap oil and explained how the middle class “got screwed” by globalization. Rubin’s latest book is called The Map of the New Normal: How Inflation, War, and Sanctions Will Change Your World Forever, and it tackles the rapid inflation that hit economies across the globe in the wake of pandemic measures.

Trump’s Tariff Threats Could Destabilize The Global Economy

January 26, 2025 Michael Hudson, Geopolitical Economy. , , , , , , , , ,
Trump told the Davos Economic Forum January 23: “My message to every business in the world is very simple: Come make your product in America and we will give you among the lowest taxes of any nation on earth.” Otherwise, if they continue to try and produce at home or in other countries, their products will be charged tariff rates at Trump’s threatened 20%. To Germany this means (my paraphrase): “Sorry your energy prices have quadrupled. Come to America and get them at almost as low a price as you were paying Russia before your elected leaders let us cut Nord Stream off.”

What Could Workers Win In A New NAFTA?

January 25, 2025 Natascha Elena Uhlmann, Labor Notes. , , , , , ,
In his nine years in the auto industry, Ben Hinsey has seen a lot of misplaced blame. The threat of job cuts is always looming. In fact, Hinsey transferred into his current job at the Stellantis Jeep factory in Toledo, Ohio, when his previous one at the Chrysler Toledo Machining Plant evaporated in a 2017 wave of layoffs. He now installs instrument panels and serves as a float, moving from job to job to cover absences. Hundreds of thousands of auto jobs have disappeared from the U.S. since the North American Free Trade Agreement in 1994 and its successor, the U.S.-Mexico-Canada Agreement (USMCA), often known as NAFTA 2.0.

Our World Is Not For Sale: 25 Years Of Fighting The WTO

December 1, 2024 David Solnit and Deborah James, Common Dreams. , , , , ,
25 years ago, for the six months leading up to the World Trade Organization (WTO) summit in Seattle in 1999, I met Deborah in organizing meetings to prepare. Today, while many of us continue our efforts for a better world in many different places and movements, for 25 years Deborah has remained in constant combat with the WTO, together with global movements as part of the Our World is Not for Sale network. I asked if they could share insights on the impacts of the Seattle WTO confrontation and the current threat of the WTO–including obstruction of the needed transition off fossil fuels and the growing domination of Big Tech.

Iranian, Russian Card Payment Systems ‘Officially Linked’

November 12, 2024 News Desk, The Cradle. , , ,
Iranian and Russian card payment systems were formally linked on 11 November, coming as the two nations have been working together to circumvent economic sanctions imposed by Washington and the west. The announcement was made on Monday during a ceremony attended by the Governor of Iran’s Central Bank Mohammad-Reza Farzin. During the ceremony, “a previous agreement on the connection of Iran’s Shetab and Russia’s Mir card payment systems for electronic fund transfers took effect,” Iran’s Tasnim news agency reported.

Strikes Shut Down Canada’s Container Ports From East To West Coast

November 6, 2024 Lori Ann LaRocco, CNBC. , , , ,
Key ports on Canada’s West Coast, including its largest container port in Vancouver and the Port of Prince Rupert, were shut down by a labor strike on Monday. The International Longshore and Warehouse Union Ship & Dock Foreman Local 514 began striking on Monday morning, stopping containers and cargo immediately. According to the Greater Vancouver Board of Trade, $800 million in trade flows through West Coast ports every day. Approximately 20% of U.S. trade arrives in the Canadian ports of Vancouver and Prince Rupert, where strikes broke out after union leadership and industry representatives failed to reach a deal before a cooling-off period expired.

The United Nations Summit Of The Future Appears Stuck In The Past

September 18, 2024 Manuel Perez-Rocha, Inequality.org. , , , ,
The United Nations is hosting world leaders on September 22 and 23 for a “Summit of the Future.” Unfortunately, the draft action plan for the summit, while full of lofty language and some good intentions, does not challenge the neoliberal model or corporate control of the global economy. On the contrary, it proposes, for example, to “facilitate access of developing countries to the WTO and promote trade and investment liberalization.” It’s astounding that this plan, which is supposed to serve as the basis for an inter-governmental agreement, is so stuck in the past. For decades now, social movements and elected officials in many countries have become increasingly opposed to trade and investment rules that grant enormous privileges and power to transnational corporations.

Venezuela’s Parliament To Request Break Of Relations With Spain

September 12, 2024 Alba Ciudad, Orinoco Tribune. , , , , ,
The president of the Venezuelan National Assembly (AN), Jorge Rodríguez, has asked the Foreign Policy Commission of parliament to prepare a report calling for President Nicolás Maduro’s administration to break diplomatic, commercial, and consular relations with Spain—including the suspension of commercial passenger flights—in response to the decision of the Spanish Congress to ignore the democratic victory of President Nicolás Maduro in the July 28 Venezuelan elections, and instead “recognize” the fictitious “victory” of the far-right opposition’s former candidate, Edmundo González.

Competing Global Economic Initiatives: A Tale Of Two Routes

June 20, 2024 Mohamad Zreik, Orinoco Tribune. , , , , ,
In recent years, two major economic initiatives have emerged in Asia, particularly in West Asia: China’s Belt and Road Initiative (BRI) and the India-Middle East-Europe Economic Corridor (IMEC). These initiatives represent a strategic contest between global powers vying for influence and economic dominance in a rapidly changing world. The Belt and Road Initiative, conceived by Chinese President Xi Jinping, is a modern resurrection of the ancient Silk Road. This initiative aims to connect China to the rest of the world through extensive infrastructure investments, including ports, roads, railways, and industrial zones.
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