TRADE RECIPROCITY

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Thailand sends a lot of products to the United States under the Generalized System of Preferences (GSP), which gives duty-free treatment to goods coming into the country. In fact, the southeast Asian nation is the second largest recipient of GSP benefits, with $3.9 billion of GSP-eligible products exported to the United States in 2016. The problem is that trade doesn’t … Read More

HOT AIR TAX?

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In looking to offset carbon emissions as a way to address climate change, EU countries have opened the door to taxing meat. That’s troubling because it’s based on dubious data and because of the impact it would have, if implemented, on global food prices. At a climate summit last November in Bonn, Germany, signatory nations to the Paris climate accord … Read More