UK disappoints; EU punts The weekly trade report with L.C. The US anti-Huawei effort to defend 5G networks from Chinese espionage is encountering split decisions abroad, with the UK disappointing and EU punting. This may lead to delays in a US-UK trade deal and more sparring in US-EU trade negotiations. They have made little progress […]
Metals tariffs didn’t work, so administration adds more
The weekly trade report with correspondent L.C. In a Proclamation issued on Jan. 24th, President Trump admitted that the Section 232 tariffs (national security) imposed almost two years ago on imports of steel (25%) and aluminum (10%) haven’t worked as hoped. They failed to boost the domestic metals sector. Therefore, given that the previous metals […]
Xi dictatorship to blame for delayed Wuhan containment
by Richard Schulman Single-man dictatorships have a devastating flaw. They paralyze independent action by lower level flunkies. That is the reason why local officials in Wuhan didn’t dare act decisively to contain the coronavirus epidemic before it became a national and international health crisis. Thus, the Chinese Communist Party’s Xi dictatorship is the real party […]
President Trump’s trade wars not accounted a success
The weekly report by trade correspondent L.C. “I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15. The ceremony will take place at the White House,” President Trump tweeted on New Year’s Eve morning. Both sides, as previously reported, will be reducing tariffs on each others’ products […]
USMCA and China trade pact approval likely
The Weekly Trade Report by L.C. The US-Mexico-Canada Agreement (USMCA) implementing bill passed the House on December 19th and is expected to pass the Senate and be signed into law. Similarly, the US and China announced that a phase one trade deal between the two countries had been agreed upon, although texts approved by both […]
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