Trade correspondent L.C. writes: In a potential breakthrough in the US-China trade standoff, Beijing accepted Washington’s invitation to hold vice-ministerial level talks. There is speculation that the White House would like to be able to announce some resolution or at least major progress in the talks with China before the early-November mid-term elections. This will […]
Second tranche of US-China tit-for-tat tariffs goes live in ten days
Trade correspondent L.C. reports: The US and China have announced the unleashing of the next tranche in tit-for-tat tariffs, covering $16 billion in each country’s exports, to begin on August 23rd. The US tariffs are set at 25% and are being imposed under trade law Section 301. The Chinese tariff rate will also be 25%. […]
Indexing capital gains taxes a good idea, but…
Support is growing among Republicans in Washington to shield capital gains from the ravages of inflation. President Trump’s economic adviser Larry Kudlow has written in support of the idea. So do Grover Norquist (President of Americans for Tax Reform), Senator Ted Cruz, and House Ways and Means chairman Kevin Brady. Rep. Devin Nunes of California […]
Xi under pressure as US-China tariff standoff escalates
Trade correspondent L.C. reports: The US-China tariff standoff escalated again this week. The President on August 1st directed US Trade Representative (USTR) Lighthizer to look at the possibility of imposing tariffs of 25%, rather than 10%, on the next tranche of China imports to be subjected to tariffs. That tranche, containing thousands of products, is […]
Summer heat brings out global warming enthusiasts, their Russian allies, and carbon tax Republicans
Summer heat waves predictably bring out swarms of insects, global warming enthusiasts, and their Russian allies. They are now being joined by Republican advocates for a carbon tax. The Green Republicans are marching counter to a major deregulatory move by the Trump administration: “The Environmental Protection Agency and Transportation Department released a plan…to ax the […]
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