Imports create competition and keep domestic industry more responsive to consumers. In the United States, we import everything consumers want. So why not pharmaceuticals?
I've always considered making it legal for Americans to import their prescription drugs a free-trade issue. Imports create competition and keep domestic industry more responsive to consumers.
Manufacturing value chains are global. Many U.S.-made goods have foreign components. Slapping on tariffs will raise prices and slow imports, but it will make us poorer and impede growth.
We ask our companies to restructure; we ask employees to work more for less money because there is overproduction, but then we're unable to defend them from cheaper Chinese imports. We are insane.
We can't have our industry progressively destroyed by cheap Chinese imports.
As the global expansion of Indian and Chinese restaurants suggests, xenophobia is directed against foreign people, not foreign cultural imports.
On trade, a Conservative government would challenge China's actions on canola and meat imports through the World Trade Organization and withdraw funding from the Chinese-run Asia Infrastructure Investment Bank.
The upward revision of import duty, from 1 per cent to over 4 per cent on steam coal imports, will adversely impact the industry, as it will lead to increase in cost of power generation.
It is clear our nation is reliant upon big foreign oil. More and more of our imports come from overseas.
U.S. exports to China have more than quintupled since China entered the WTO and have grown more quickly than imports. In fact, China is America's fastest-growing export market.
