We believe President Trump made a mistake in pulling back at the last minute from responding militarily to two months of increasingly hostile actions against the US and its allies by Iran and its proxies. These attacks culminated in the shooting down of a sophisticated US Global Hawk surveillance drone over international waters. The drone […]
Relief, mixed reviews on Mexico tariff suspension
Trade correspondent L.C. reports: President Trump heeded his advisers’ advice to accept an agreement with Mexico rather than follow through on his widely criticized threat to increase tariffs on that country by 5% each month. The agreement merely reaffirms previous commitments to help stem the flow of Central American migrants through Mexico to the US. […]
The movie that should have won the foreign language Oscar
This year’s Oscar for the best foreign film went to Roma rather than a much more ambitious and thought-provoking German film, Never Look Away. Roma presumably won because it pulled all the right political strings in its sympathy for the suffering poor South of the Border. (Take that, Donald Trump!) Roma celebrates a warm-hearted Mexican […]
Mexican tariff threat hurts diplomacy, lets Dems off hook
Trade correspondent L.C. reports: In one of his biggest trade surprises, President Trump announced on May 30th that he was invoking the International Emergency Economic Powers Act of 1977 to impose tariffs on all goods imported from Mexico. The tariffs will increase in monthly 5% steps until Mexico takes unspecified further actions to stem the […]
Commerce proposes a new countervailing duty: currency devaluation
Trade correspondent L.C. writes: In a major new trade policy move, the Commerce Department on May 23rd released a draft proposal to add currency devaluation to its rules on countervailing duties. US law defines a countervailable subsidy as a financial contribution from a government or public entity that is specific and provides a benefit to […]
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