Title : A New Trade War Brewing?
link : A New Trade War Brewing?
A New Trade War Brewing?
U.S. companies are bringing new trade lawsuits against their foreign competitors with a scope and frequency not seen in more than 15 years, government documents show, as a wave of new complaints builds under President Trump.
A Washington Post analysis of Commerce Department data found 23 new trade disputes initiated since January, making 2017 the busiest year for tariff cases since 2001. The new cases target trade between the U.S. and 29 counties, the most in any year since 2001.
The cases include fights over Korean washing machines, Spanish olives, Chinese aluminum foil, Vietnamese tool chests, Argentine biodiesel and Canadian jetliners. The U.S. trade warriors include financially strapped solar panel manufacturers, downsizing Rust Belt steel plants and declining California olive farms.
Several requests came from companies that are under foreign ownership. And in a shift from previous years, some profitable corporations are asking the government to place new restrictions on their foreign rivals, taking advantage of a recent change in federal law.
The surge of complaints comes as the White House moves to redefine America's role in the global economy.
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WNU Editor: I live in Montreal , Canada .... and these trade lawsuits are hitting one of this city's major industries .... US finds against Bombardier in Boeing dispute (BBC).
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