Trade correspondent L.C. reports: The US-China trade talks apparently aren’t going as well as US and Chinese officials indicated after USTR Robert Lighthizer and Treasury Secretary Steven Mnuchin held talks in Beijing last week. In a threat that took most observers by surprise, President Trump tweeted on Sunday, May 5th: For 10 months, China has […]
Positive outlook for China, Japan trade talks; USMCA stalled
Trade correspondent L.C. reports: President Trump is moving to wrap up trade talks with Japan and China and to get Congressional ratification of the USMCA. The trade talks are moving toward possible conclusion by the end of the year, but the USMCA is running into opposition from trade unions and Democratic legislators in the House. […]
WTO reportedly rejects China’s claim to be market economy
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 […]
