The weekly trade report — by L.C. President Trump unleashed new tariffs with early morning tweets on December 2nd announcing plans to punish Brazil and Argentina by imposing Section 232 [national security] tariffs on their steel and aluminum exports. “Brazil and Argentina have been presiding over a massive devaluation of their currencies, which is not […]
Trump administration plays hardball at the WTO
Trade correspondent L.C.’s weekly trade report: Over the past two weeks, the Trump administration has been playing hardball at the WTO, including the possibility of vetoing its budget for the next two years and opposing the compensation given Appellate Body (AB) judges. This week, it offered an alternative AB payment plan featuring drastic cuts. Washington […]
Many climate scientists reject the Democrats’ fossil-fuel alarmism
by Richard Schulman The Democrats and mainstream media are continuing their decades-long campaign to convince Americans that continued fossil fuel use is about to cause an irreversible climate catastrophe. This fossil-fuel alarmism is now a central feature of the campaigns of every single Democratic presidential candidate. We now know that the main driver of long-term […]
US threatens WTO existence but punts on auto import tariffs
Bloomberg News carried an explosive account of a November 12th meeting of the World Trade Organization Committee on Budget, Finance & Administration at which the US raised “the possibility of blocking the approval of the institution’s biennial budget and effectively halting its work starting next year.” If a budget isn’t approved by consensus of the […]
RCEP a minor trade win for China but India bows out
The weekly report of our trade correspondent, L.C. The Regional Comprehensive Economic Partnership achieved a success, of sorts, at the RCEP leaders summit in Bangkok on November 5th. Fifteen of the sixteen participating countries agreed to finalize the deal and sign it next year – but India opted out. The fifteen went out of their […]
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