The October 11th to October 17th, 2021 trade report with L.C. US Trade Representative Katherine Tai was in Europe this past week, where she delivered a speech about “the WTO’s important role in the global economy.” The original purpose of the WTO was to increase global prosperity by expanding world trade. That, however, is not […]
Biden-Yellen global tax plan will damage US prosperity
The October 4th to October 10th, 2021 trade report with L.C. The 164 countries participating in OECD-hosted talks on global taxation have reached agreement, the Paris-based OECD announced on October 8th. The agreement sets a 15% global minimum tax (Pillar 2) and sets conditions for how large companies can be taxed for earnings in countries […]
US Meng release, CPTPP boycott make life easier for China
* Commerce Secretary Gina Raimondo’s questionable optimism on US-China trade relations;* Taiwan, the UK, and China want “in” to the CPTPP — everyone, it seems, but the US;* One (mostly) positive development: the new US-EU Technology and Trade Council to meet in Pittsburgh. The weekly trade report with L.C. Huawei CFO Meng Wanzhou deplaned in […]
China tries to counter AUKUS setback with CPTPP application
The weekly trade report with L.C. Beijing made it official this week: China is formally asking to join the CPTPP. The process ahead for it is expected to be long and difficult and quite likely unsuccessful. China’s announcement came, probably not accidentally, a day after the US, Australia, and the UK announced on September 15th […]
White House contemplates new Section 301 action against China
The Biden administration would target Chinese industrial subsidies rather than the intellectual property theft and forced technology transfers the Trump administration opposed. The weekly trade report with L.C. The Biden administration is considering initiating a new Section 301 – unfair trade practices — investigation of China. The target would be China’s industrial subsidies, something the […]
