Correspondent L.C.’s weekly trade report ____________________________________________ The US and China appear to be proceeding smoothly toward finalizing the recently-agreed “phase one” trade deal so that it can be endorsed by their two leaders when they meet at the November 16th-17th Asia-Pacific Economic Cooperation (APEC) summit in Chile. China also this week passed a new law […]
US imposes new tariffs on EU over Airbus subsidies
The weekly report of our trade correspondent, L.C. On October 18th, the US imposed tariffs of 10% and 25% on imports from the European Union. This ratcheting up of global trade war had been expected, given that no serious talks for a negotiated solution to the US-EU aircraft subsidies dispute occurred. The dispute has been […]
US wins largest penalty ever for EU’s WTO-illegal Airbus subsidies
Trade correspondent L.C.‘s weekly report: On October 2nd the US received official World Trade Organization authorization to impose almost $7.5 billion annually in retaliation against the European Union for its WTO-illegal subsidies to Airbus. This had been expected, though the amount was on the lower side of what had been anticipated. It was, nonetheless, by […]
Limited US trade deal with Japan but not India
Trade Correspondent L.C.’s Weekly Trade Report: As anticipated (URL), President Trump and Prime Minister Shinzo Abe announced a limited trade agreement dealing mainly with tariffs and a second agreement on digital trade when they met in New York on September 25th. But the expectation that President Trump and Prime Minister Narendra Modi would announce a […]
US seeks limited trade agreements with India, Japan, not China
Trade correspondent L.C.’s weekly report: The Trump Administration is moving aggressively to reach limited trade agreements with India and Japan before the 2020 US elections – but not with China. On September 22th President Trump attended a 50,000 person rally in Houston (dubbed “Howdy, Modi!”) that Indian-Americans held for India’s Prime Minister Modi. This was […]
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