Trade correspondent L.C. reports: The Court of International Trade in New York heard oral arguments on December 19th against President Trump’s use of the Section 232 (national-defense related) provisions of the Trade Expansion Act of 1962. At issue are the tariffs imposed on steel and aluminum and pending decisions on automotive imports and uranium. Both […]
Mattis resignation caps bad week for Trump
President Trump has been correct in shifting US military efforts away from never-ending jihadist wars and redirecting them to existential threats to the US posed by China and Russia. But this approach can only be viable if the US provides backup to the allies who are fighting the jihadists in our stead. The US military […]
President unconcerned with tariff effect on economic outlook
Trade correspondent L.C. reports: With President Trump’s meeting with Chinese President Xi Jinping less than a week away, the outcome for trade and tariffs remains uncertain. Disagreement among the US president’s advisers continues. President Trump himself seems unconcerned with the impact the trade uncertainty is having on the health of the world economy. On Thanksgiving […]
Chinese leaders unhinged as economy weakens
Trade correspondent L.C. reports: An economic summit of world leaders held in Papua New Guinea ended in acrimony yesterday, the Wall Street Journal reported today, “as a fight over Chinese trade practices cast doubt over the ability of Washington and Beijing to resolve their trade battle soon. For the first time in the Asia-Pacific Economic […]
Trade in split Congress likely to be bipartisan but protectionist
Trade correspondent L.C. reports: In the wake of the highly partisan US midterm elections, trade is one of the few areas where bipartisanship is possible. Most observers believe that Congress will pass the US-Canada-Mexico (USMCA, a.k.a. NAFTA 2.0) implementing bill during 2019. It is also likely that Congress will approve the start of trade talks […]
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