The October 4th to October 10th, 2021 trade report with L.C. The 164 countries participating in OECD-hosted talks on global taxation have reached agreement, the Paris-based OECD announced on October 8th. The agreement sets a 15% global minimum tax (Pillar 2) and sets conditions for how large companies can be taxed for earnings in countries […]
US Trade Rep Tai’s major policy speech a major disappointment
Katherine Tai’s CSIS speech on US-China trade policy continues the Trump tariffs and might add more. But the US and EU could settle their Section 232 steel and aluminum dispute by a November deadline; meanwhile, they have created a Trade and Technology Council to coordinate export control policies and tech standards. The September 27th-October 3rd, […]
US Meng release, CPTPP boycott make life easier for China
* Commerce Secretary Gina Raimondo’s questionable optimism on US-China trade relations;* Taiwan, the UK, and China want “in” to the CPTPP — everyone, it seems, but the US;* One (mostly) positive development: the new US-EU Technology and Trade Council to meet in Pittsburgh. The weekly trade report with L.C. Huawei CFO Meng Wanzhou deplaned in […]
The Newsom recall effort was not in vain
by Richard Schulman Republicans shouldn’t be discouraged by the failure of the vote to recall California governor Gavin Newsom. While it is well known that Democratic registrations in the state show almost twice as many Democrats as Republicans, Republicans and independents taken together slightly outnumber registered Democrats. The possibility of a successful recall therefore hinged […]
China tries to counter AUKUS setback with CPTPP application
The weekly trade report with L.C. Beijing made it official this week: China is formally asking to join the CPTPP. The process ahead for it is expected to be long and difficult and quite likely unsuccessful. China’s announcement came, probably not accidentally, a day after the US, Australia, and the UK announced on September 15th […]
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