Whether the US remains in the Government Procurement Agreement is being discussed by the Trump administration, but congressional opposition to leaving is strong. The administration would also like to form a coalition of nations to resist Chinese bullying of single nations, like Australia at present and South Korea previously. The weekly trade report with L.C. […]
Western Pacific powers sign RCEP free trade pact
Conclusion of RCEP increases China’s influence as Trump administration neglects its western Pacific trade partners The weekly trade report with L.C. The Regional Comprehensive Economic Partnership (RCEP) was signed on November 15th. It took eight years of difficult negotiations. India opted out, but it represents a major accomplishment for the remaining 15 countries. These are […]
Modest trade policy changes expected if Biden elected
Trade policy is likely to change if Joe Biden is confirmed as president-elect but probably not as much as free-trade advocates had been hoping. The weekly trade report with L.C. On Saturday morning, Nov. 7th, the Associated Press took it upon itself to declare Biden to be US president-elect. The AP, a left-wing news organization, […]
Conflict with EU likely in 2nd Trump administration
“Crunch time” for multi-billion dollar US-EU aircraft and digital-service tax disputes; Japan joins US-Brazil proposed WTO reforms to curb Chinese violations; farmers now getting more income from US government than from ag sales The weekly trade report with L.C. Two important sources of US conflict with the EU bear watching. The first is the conflict […]
US rejects EU’s “Farm to Fork” initiative
US warns EU that its “Farm to Fork” initiative will hurt EU farmers, double prices, and aggravate US-EU trade conflicts — The US trade deficit and manufacturing job losses become electoral issues — The administration considers transformer tariffs and action against Chinese e-pay firms — The Quad meets in Tokyo. The weekly trade report with […]
