Trade correspondent L.C. reports: The White House formally notified Congress on October 16th that it intends to begin free trade negotiations with three important allied trading partners: Japan, the EU, and the UK. Allied solidarity is crucial as China rushes to lock up strategic raw materials worldwide while resisting US efforts to reform its state-dominated […]
Prosperity threatened by interest rates, oil, and trade wars
by Trade Correspondent L.C. — The world economy faces three principal threats at the moment: Rising interest rates, endangering those emerging economies with heavy debt burdens; Possible Saudi-triggered oil price increases in the wake of the Khashoggi affair; and Ongoing trade war among the US, its allies, and China. Regarding the US-China trade war, while […]
With NAFTA 2 concluded, will President join allies against China trade misbehavior?
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 […]
