Despite major election losses, the Biden administration keeps neglecting US farmers and industry — and strategic allies Japan and UK — in order to pursue expensive welfare entitlements and Net Zero climate programs sought by the Democratic Party left. The November 8th, 2021 trade report with L.C. There is a split over China policy within […]
Deal finalized to lift US steel and aluminum tariffs, cancel EU retaliation
Also: * The Group of 20 Summit meeting in Rome approves the OECD-brokered 15% minimum tax, a boost for Biden but yet to be endorsed by member-nation legislatures, including Congress. * Biden attends virtually the US-ASEAN and East Asia Summits, ending a three-year US presidential absence. * Canada and Mexico strongly protest Democrats’ proposed Build […]
Government & unions to blame for supply-chain crisis, truck driver shortage
Preview in new tab The October 18th to October 24th, 2021 economy and trade report with L.C. and the editor US government command-and-control policies created and are exacerbating supply-chain shortages and monetary inflation. Meanwhile, continued US tariffs are piling costs onto that inflation as well as creating additional administrative burdens for Customs and Border Patrol […]
USTR Katherine Tai tells WTO that trade is about other things than trade
The October 11th to October 17th, 2021 trade report with L.C. US Trade Representative Katherine Tai was in Europe this past week, where she delivered a speech about “the WTO’s important role in the global economy.” The original purpose of the WTO was to increase global prosperity by expanding world trade. That, however, is not […]
Biden-Yellen global tax plan will damage US prosperity
The October 4th to October 10th, 2021 trade report with L.C. The 164 countries participating in OECD-hosted talks on global taxation have reached agreement, the Paris-based OECD announced on October 8th. The agreement sets a 15% global minimum tax (Pillar 2) and sets conditions for how large companies can be taxed for earnings in countries […]
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