Trade correspondent L.C. reports: The NAFTA renegotiation was finally concluded with the October 1st release of the text of the revised agreement. This will allow it to be signed by the three member countries before Mexican President Enrique Peña Nieto leaves office on December 1st. Getting the NAFTA re-do out of the way raises the […]
Trump’s trade agreements antagonize allies but are mostly PR
Trade correspondent L.C. (supplemented by a late-breaking addition): As we went to press, Bloomberg issued the following report on the just-concluded US-Canada agreement to continue NAFTA: “Globalists Will Love Trump’s New Nafta Deal. Despite the fanfare, the agreement doesn’t change much. “For the group of people meant to be enemies of President Donald Trump’s trade […]
Little support in private sector for administration’s escalating trade war
Trade correspondent L.C. reports: The US has imposed the threatened third major expansion of Section 301 tariffs — 10% tariffs on $200 billion in Chinese exports to the US. China’s has responded with retaliatory tariffs that will hit $60 billion in US exports to China and take effect today, Sept. 24th. There is virtually no […]
Republican congressmen fear losing races because of trade war impact
Trade correspondent L.C. reports: President Trump says he is about to impose $200 bn. in new tariffs on the next tranche of targeted Chinese exports, though the interest rate may be 10%, not the 25% earlier contemplated. Nevertheless, Washington appears to be wary of the response — Chinese and domestic — to new US tariff […]
Summer heat brings out global warming enthusiasts, their Russian allies, and carbon tax Republicans
Summer heat waves predictably bring out swarms of insects, global warming enthusiasts, and their Russian allies. They are now being joined by Republican advocates for a carbon tax. The Green Republicans are marching counter to a major deregulatory move by the Trump administration: “The Environmental Protection Agency and Transportation Department released a plan…to ax the […]
