The weekly trade report with correspondent L.C. In a Proclamation issued on Jan. 24th, President Trump admitted that the Section 232 tariffs (national security) imposed almost two years ago on imports of steel (25%) and aluminum (10%) haven’t worked as hoped. They failed to boost the domestic metals sector. Therefore, given that the previous metals […]
President Trump’s trade wars not accounted a success
The weekly report by trade correspondent L.C. “I will be signing our very large and comprehensive Phase One Trade Deal with China on January 15. The ceremony will take place at the White House,” President Trump tweeted on New Year’s Eve morning. Both sides, as previously reported, will be reducing tariffs on each others’ products […]
USMCA and China trade pact approval likely
The Weekly Trade Report by L.C. The US-Mexico-Canada Agreement (USMCA) implementing bill passed the House on December 19th and is expected to pass the Senate and be signed into law. Similarly, the US and China announced that a phase one trade deal between the two countries had been agreed upon, although texts approved by both […]
US threatens new tariffs on Brazil, Argentina, France and EU
The weekly trade report — by L.C. President Trump unleashed new tariffs with early morning tweets on December 2nd announcing plans to punish Brazil and Argentina by imposing Section 232 [national security] tariffs on their steel and aluminum exports. “Brazil and Argentina have been presiding over a massive devaluation of their currencies, which is not […]
Trump administration plays hardball at the WTO
Trade correspondent L.C.’s weekly trade report: Over the past two weeks, the Trump administration has been playing hardball at the WTO, including the possibility of vetoing its budget for the next two years and opposing the compensation given Appellate Body (AB) judges. This week, it offered an alternative AB payment plan featuring drastic cuts. Washington […]
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