Trade correspondent L.C. reports: President Trump’s 25% tariff on steel has now become a constitutional issue likely to end up at the Supreme Court. On March 25th the US Court of International Trade (CIT) in New York ruled against a steel users’ group, the American Institute for International Steel (AIIS), which argues that Section 232 […]
President Trump continues “Stick it to the allies” approach
Founders Broadsheet trade correspondent L.C. reports: President Trump is continuing to pursue his “Stick it to the allies” trade policies in parallel with US-China negotiations, despite signs that these conflicts with allies are undermining US strategic interests in Europe and Asia. The president has turned his back on allies who share his interest in curbing […]
US prevails over China in WTO farm subsidy case
Founders Broadsheet trade correspondent L.C. reports: The US has won a significant World Trade Organization (WTO) decision in a case filed against China for its “market price support” farm subsidies. The complaint was filed in 2016 by the Obama administration. The US alleged that about $100 billion in government subsidies to Chinese farmers exceeded China’s […]
President’s China trade optimism encounters skepticism
Trade correspondent L.C. writes: There was no great surprise yesterday, Feb. 24th, when President Trump tweeted that he has decided to delay the 10% to 25% hike on tariffs on $200 billion of Chinese exports to the US. The president explained: I am pleased to report that the U.S. has made substantial progress in our […]
Suspense over auto tariffs
Trade correspondent L.C. reports: Did the Commerce Department meet its February 17th deadline to deliver to the White House a report on whether automotive imports are a threat to national security? No one knows, and the White House isn’t saying. The secrecy is rankling. As the president of the American International Automobile Dealers Association said, […]
