Trade correspondent L.C. reports: President Trump heeded his advisers’ advice to accept an agreement with Mexico rather than follow through on his widely criticized threat to increase tariffs on that country by 5% each month. The agreement merely reaffirms previous commitments to help stem the flow of Central American migrants through Mexico to the US. […]
Mexican tariff threat hurts diplomacy, lets Dems off hook
Trade correspondent L.C. reports: In one of his biggest trade surprises, President Trump announced on May 30th that he was invoking the International Emergency Economic Powers Act of 1977 to impose tariffs on all goods imported from Mexico. The tariffs will increase in monthly 5% steps until Mexico takes unspecified further actions to stem the […]
Commerce proposes a new countervailing duty: currency devaluation
Trade correspondent L.C. writes: In a major new trade policy move, the Commerce Department on May 23rd released a draft proposal to add currency devaluation to its rules on countervailing duties. US law defines a countervailable subsidy as a financial contribution from a government or public entity that is specific and provides a benefit to […]
US capital investment hit by Trump’s trade warring
Trade correspondent L.C. reports: President Trump has liberated the US from President Obama’s regulatory damage to the economy only to replace it with his own no less harmful trade damage. Over a year ago, Founders Broadsheet warned that the administration’s tactics would harm the US, and our concerns are now unfortunately coming to be validated. […]
Major escalation of US-China trade war by both sides
Trade correspondent L.C. writes: President Trump’s threatened tariff escalation against China – announced a week ago – has now come to pass. The Section 301 tariff rate of 10% on $200 billion of US imports from China has been increased to 25%. The tariff increase went into effect for goods leaving China after 12:01 a.m. […]
