US tariffs totaled 0.4% of GDP in 2021 due to additional tariffs as well as increases in imports that began in 2020 after the start of the pandemic. In the Congressional Budget Office (CBO) baseline, tariffs decline gradually, to 0.3% of GDP in 2032, in part because non-oil
The US Presidency highlighted that the growing demand for clean energy technology creates significant opportunities for US companies. Considerable resources and a well-trained workforce have enabled American companies to be world leaders in a wide range of industries. As a Panel of National Academies recently noted, the United
The Apple company had a better strategy to guarantee the supply of semiconductors compared to the auto industry, according to a White House report. The report explains in part how the great global semiconductor shortage problem occurred and how it affected the automotive sector in particular. In the
Canada and Brazil led the ranking of the main countries with renewable energy in the world during 2019, according to the International Energy Agency (IEA). Other prominent countries include Spain, Italy, Germany, India, France, Turkey, the United Kingdom, China, the United States, Mexico, Indonesia, Japan, Pakistan, Nigeria, South
World export price inflation rose 15% in the first quarter of 2022, the Bank of England reported. Global inflationary pressures have intensified considerably following the invasion of Ukraine. This largely reflects further sharp increases in energy and other commodity prices. It also reflects the impact of ongoing and
More than 80% of the production of the five largest UK car producers (Jaguar Land Rover, Nissan, Peugeot S.A, BMW and Honda) is exported. All of these companies are subsidiaries of foreign-owned multinationals. Also, according to the Competition and Markets Authority (CMA), the UK’s competition regulator, only three