Page 6 - Lydia Cox News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Biden Continues Trump s Misguided Trade Policies
forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
President Biden took office at the height of modern American protectionism. The trade policy legacy he inherited from the Trump administration puts the United States at a crossroads. Will Biden go down the problematic path of executive overreach like his predecessor, or will he forge a new path? We may not need to wait long to find out. In his first trade action, President Biden reinstated tariffs on aluminum from the United Arab Emirates under Section 232 of the Trade Expansion Act of 1962, which authorizes the president to impose tariffs when a certain product is “being imported into the United States in such quantities or under such circumstances as to threaten to impair national security.” Though infrequently used in the past, Section 232 was a favored trade tool of the Trump administration, which was responsible for nearly a quarter of all Section 232 investigations initiated since 1962. While Congress has constitutional authority over trade policy, Section 232 gives th
Companies seek to capitalise on employee influencers
30 Dec, 2020 07:00 PM
5 minutes to read
Financial Times
By: Dave Lee and Hannah Murphy
Early in the pandemic, when Amazon loosened its rules around allowing smartphones on the warehouse floor, an employee now known as thepackman123 saw an opportunity. The 23-year-old, who works at a facility in New York and asked not to be named, started filming himself with his face obscured stuffing products into packages to be sent to customers. With entertaining flair, he swiftly constructs each box before sending it on its way.
At his friends suggestion, he began posting the videos on TikTok. Twenty-seven million views later, he received a message from Amazon s human resources department. I was like . . . I m in trouble, he recalls.
My 2021 Trade Policy Wish List SHARE
If I had to choose a word to describe the trade landscape in 2020, a strong candidate would have to be
disruption. The first three quarters of the year witnessed an 8.2 percent drop in the volume of world merchandise trade, compared to last year, and it is still unclear if there will be a deeper plunge as the year draws to a close. But this downward trend, while rapidly accelerated by the pandemic, had already begun in 2019 due to increasing global trade tension. In fact, the World Trade Organization (WTO) estimated a 0.1 percent drop in merchandise trade volume in 2019, with the dollar value of world merchandise exports falling by 3 percent, to the tune of $18.89 trillion USD. While it will take time for us to recover, I offer five practical ideas for trade policy in 2021 that can help ease the economic burden on Americans, repair our fraught relationship with our closest trading partners, and revitalize the rules-based trading system.
vimarsana © 2020. All Rights Reserved.