Trade correspondent L.C.‘s weekly report: On October 2nd the US received official World Trade Organization authorization to impose almost $7.5 billion annually in retaliation against the European Union for its WTO-illegal subsidies to Airbus. This had been expected, though the amount was on the lower side of what had been anticipated. It was, nonetheless, by […]
Limited US trade deal with Japan but not India
Trade Correspondent L.C.’s Weekly Trade Report: As anticipated (URL), President Trump and Prime Minister Shinzo Abe announced a limited trade agreement dealing mainly with tariffs and a second agreement on digital trade when they met in New York on September 25th. But the expectation that President Trump and Prime Minister Narendra Modi would announce a […]
US seeks limited trade agreements with India, Japan, not China
Trade correspondent L.C.’s weekly report: The Trump Administration is moving aggressively to reach limited trade agreements with India and Japan before the 2020 US elections – but not with China. On September 22th President Trump attended a 50,000 person rally in Houston (dubbed “Howdy, Modi!”) that Indian-Americans held for India’s Prime Minister Modi. This was […]
US-China olive twigs exchanged
by Trade Correspondent L.C. The US-China trade war seemed to slightly ease this week amid speculation that both sides wish to spare their economies further tariff escalation. Beijing is now proposing two negotiating tracks: one for strictly trade matters – which Vice Premier Liu He would lead – and one for national security matters. The […]
China’s phony data and treaty unreliability
The weekly trade report — by Trade Correspondent L.C. One of the few growth industries in China now are the private start-ups selling accurate reports on the Chinese economy to business customers. The government reports have been found useless for business planning. Today’s Wall Street Journal gives front page coverage to how the Chinese Communist […]
