by Richard Schulman China wet markets have repeatedly caused global epidemics, including the latest Wuhan coronavirus pandemic. The viruses jump from one species to another — bats, snakes, pangolins, chickens — and then to humans. Wet markets, where wild animals alive and dead are sold, exist elsewhere in the world, but China’s are unique in […]
Markets plunge on Xi Jinping virus, oil war, Fed rate cut
The weekly trade report with L.C. In the foreign exchange market last week, the dollar plunged vs. the yen and euro. Today, March 9th, the dollar fell further against the euro. It was the worst weekly drop for the US currency in four years, and was accompanied by a dive in US government bond yields. […]
French minister: world too dependent on China
The weekly trade report with L.C. At market opening on Monday February 24th, world financial markets plunged on news that China coronavirus infections and deaths were becoming widespread in three new countries, Italy, South Korea, and Iran. At the Group of 20 meeting of finance ministers and central bankers held on February 22-23 in Riyadh, […]
President defying Congress and WTO
The weekly trade report with L.C President Trump is defying Congress in refusing to release, as required by law, a report on whether tariffs on auto imports can be justified for national security reasons. He’s also reportedly taking steps to dismantle the post-WWII trading order by ending the Most Favored Nation (MFN) provision that is […]
Administration to punish “undervalued” currencies
The weekly trade report with L.C. The Trump administration has taken another step in a protectionist direction with the Commerce Department’s release on February 3rd of its final rule to punish “undervalued” currencies. The rule will take effect on April 6th. Other protectionist measures that are under consideration include exiting the World Trade Organization’s Government […]
