Also featured: US-UK trade treaty in early discusssion, Biden endorses the Jones Act, Raimondo confirmation runs into China problems, Biden’s Buy American plans face obstacles, EU to try to resolve WTO Appelate Body crisis The weekly trade report with L.C. As expected, the United Kingdom will formally ask to join the Trans-Pacific Partnership (CPTPP) on […]
Outgoing administration binds incoming one only on China trade
The outgoing Trump administration has implemented a number of last minute sanctions on China but left to the Biden administration what action to take regarding a currency manipulation finding against Vietnam and whether to retaliate against countries levying a discriminatory digital services tax (DST) against US internet companies. The weekly trade report with L.C. US […]
Commerce Secretary nomination rounds out Biden trade team
Commerce to get moderate Democrat Gina Raimondo as head. Trump admin pulls back on digital services tax retaliation but may rush, despite business opposition, last minute sanctions on Vietnam. China tech sanctions are levied by administration but NYSE fumbles. India is criticized at WTO for harmful tariff barriers and poor IP protection. The weekly trade […]
This was the trade year that was
As the year ended, the UK finally exited the EU; China with Angela Merkel’s help concluded an EU-China trade agreement (despite suggestions from Biden officials that it should wait to consult with the incoming US administration); and the departing Trump administration issued a request to the WTO that environmental shortcomings become countervailable. The weekly trade […]
Relief at UK-EU Agreement, But Whither the EU Now?
Boris Johnson has his Brexit and the EU its 27 intimidated “remainer” nations. But the Biden administration may not find the welcome it had been anticipating from a Europe that wants to be defended by the US while ignoring US security interests. The weekly trade report with L.C. On Christmas Eve the EU and UK […]
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