Trade correspondent L.C. writes: China is reportedly prepared to offer to boost imports from the US by one trillion dollars. This would supposedly correct the entire bilateral trade imbalance by 2024 . Is China’s offer to be taken seriously? Any pledge by Beijing to increase imports runs up against a tough reality — the slowing […]
The Russian nuclear war danger
Russia is making major advances in nuclear weapons delivery systems against which the US presently has no defense. Of equal concern, President Putin and Russia’s military leaders believe that their doctrines of first-use under threat and willingness to use nuclear-weapons in limited wars will force its opponents to back down without a fight. One must […]
President’s bid for more trade power likely to fail
Trade correspondent L.C. reports: The White House has drafted a “US Reciprocal Trade Act” that would give the president authority to impose tariffs unilaterally on specific products and countries. The president wants to promote it in his January 29th State of the Union address and would like it to be introduced in Congress before then. […]
Could we have a Wall-DACA compromise, please?
Our comments will be brief, since just about everything that is to be said about ending the government shutdown and securing the US southern border already has been said, in print and on tv. There’s a growing consensus in the Republican party (Newt Gingrich, the National Review, Lindsay Graham, Peggy Noonan) and perhaps beyond) that […]
Worsening US trade outlook for 2019
Trade correspondent L.C. reports: Congress and the Administration must get the partial government shutdown resolved if progress is to be made on pressing trade matters. The year 2018 not only brought the biggest yearly drop for US stocks since the 2008 financial crisis. The US global trade deficit also widened, as did the US trade […]
