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Boeing-Airbus trade truce concluded but China overproduction worries continue

June 21, 2021 by Richard Schulman Leave a Comment

The June 14th to 20th, 2021 roundup of major trade developments, with L.C. The US-EU Summit held in Brussels on June 15th had a welcome trade truce as its outcome. But the strategic commentariat in the US was less complimentary regarding the whirlwind of conferences (G7, US-EU, NATO, Putin) that President Biden attended. Walter Russell […]

Filed Under: Trade  Tagged: Airbus, Australia, Boeing, China, EU, steel and aluminum tariffs

At G7 meet, Biden administration moves to give tax sovereignty to OECD

June 7, 2021 by Richard Schulman 1 Comment

Also: the United Kingdom enjoys a banner week of trade developments The May 31st to June 6th, 2021 roundup of major trade developments, with L.C. The Group of Seven deal on setting a 15% minimum corporate tax and shifting how multinational companies are taxed is not yet a done deal. The agreement was reached on […]

Filed Under: Trade  Tagged: Group of 7 (G7), JCPOA (Iran agreement)

Multiple China abuses, Swiss sovereignty, Canadian dairy quotas, and US tire tariffs

May 31, 2021 by Richard Schulman Leave a Comment

Two Biden administration actions directed against China — the American Innovation and Competition Act — and the blacklisting of the abusive Chinese fishing company, Dalian Ocean Shipping, are contradicted by the administration’s proposed waiver of US pharmaceutical patents, which would be a gift to China; Switzerland, like the UK before it, has found the EU’s […]

Filed Under: Trade  Tagged: Canada, China, dairy industry, fisheries, Switzerland, USMCA

China on the outs with US Congress, EU Parliament

May 24, 2021 by Richard Schulman Leave a Comment

But Biden administration does Putin a big favor The May 17th to May 23rd, 2021 roundup of major trade developments, with L.C. The bipartisan package of China-centered and tech-focused legislation promised by Senate Majority Leader Chuck Schumer (D-NY) is moving ahead on Capitol Hill, although the details of the final bill are yet to emerge. […]

Filed Under: Trade  Tagged: European Parliament, global minimum tax, Nord Stream 2, Olympics 2022

Congress grills USTR Tai on US Trans-Pacific Partnership absence, vaccine rights giveaway

May 17, 2021 by Richard Schulman Leave a Comment

The May 10th to May 16th, 2021 roundup of major trade developments, with L.C. US Trade Representative Katherine Tai testified in Congress this week on President Biden’s Trade Policy Agenda. This is the document that the USTR produces early each year laying out the administration’s trade plans. During her solo appearance to explain and defend […]

Filed Under: Trade  Tagged: CPTPP (new 11-nation TPP), Katharine Tai, Sen. Ben Cardin (D-MD), Sen. John Cornyn (R-TX), Sen. Mike Crapo (R-ID), TRIPS, worker-centered trade policy

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