Trade correspondent L.C. reports: China has reportedly lost the WTO case it brought against the EU for not granting it market-economy status. The report of this ruling comes from Bloomberg, citing two well-placed sources. WTO rulings are circulated to the parties to a case well before they are publicly released, so the report amounts to […]
US trade policies hurting farmers, driving allies closer to China
Trade correspondent L.C. reports: The Trump administration’s trade policies are facing serious threats worldwide. One of the president’s first acts in office was to exit the twelve-country Transpacific Partnership (TPP-12) negotiated by the previous administration. Japan, however, kept the free-trade-oriented pact alive minus the US, and now the American cows are coming home, literally (see […]
WTO ruling threatens Section 232 steel & aluminum tariffs
Founders Broadsheet trade correspondent L.C. writes: In a decision with major implications for the Trump administration’s Section 232 national security tariffs on aluminum and steel, a World Trade Organization (WTO) dispute settlement panel ruled for Russia against the Ukraine on April 5th. The case was brought against Russia for restricting the transit through Russia of […]
Administration wins steel tariff case; Court review likely
Trade correspondent L.C. reports: President Trump’s 25% tariff on steel has now become a constitutional issue likely to end up at the Supreme Court. On March 25th the US Court of International Trade (CIT) in New York ruled against a steel users’ group, the American Institute for International Steel (AIIS), which argues that Section 232 […]
President Trump continues “Stick it to the allies” approach
Founders Broadsheet trade correspondent L.C. reports: President Trump is continuing to pursue his “Stick it to the allies” trade policies in parallel with US-China negotiations, despite signs that these conflicts with allies are undermining US strategic interests in Europe and Asia. The president has turned his back on allies who share his interest in curbing […]
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