The August 9th to August 15th, 2021 roundup of major trade developments, with L.C. The Biden administration is abandoning US post-World War II leadership in trade as resolutely as it has abandoned US national security interests in Afghanistan. The consequences of the former will be as disastrous economically as the latter is proving for US […]
Pacific allies urge US to re-engage through digital trade deal
Such a deal could begin returning the US to being an active trade player in the region and help lessen Chinese economic domination of the region. All seventeen House Ways and Means Committee Republicans are unanimous in calling for enacting Trade Promotion Authority (TPA) for the Democratic president so that trade deals can be expedited […]
A beneficial US-Vietnam currency settlement
A potential tariff war with an important US trade and strategic partner has been avoided. The July 19th to July 25th, 2021 roundup of major trade developments, with L.C. The Section 301 case targeting Vietnam for currency manipulation has been concluded – amicably, without the imposition of new US tariffs. When the US Trade Representative […]
EU’s CBAM and Fit for 55 hurt business, consumers, and trade partners
Encouraged by the Biden administration’s $3.5 trillion green plans — yet to be passed — Brussels’ EU bureaucracy is pursuing its own drastic de-carbonization plan — also yet to be passed. It controversially features tariffs on the imputed CO2 content of imports to the EU. The July 12th to July 18th, 2021 roundup of major […]
Taiwan and the TPP get renewed attention
* More US Senate, business, and allied pressure to join TPP, also just favorably reviewed at the WTO;* Administration’s ban on Uyghur forced-labor polysilicon from China conflicts with its solar push; Senate Foreign Relations approves Uyghur protection bill;* Trade talks with Taiwan start this Wednesday, and some US vaccines will go to Taiwan despite Chinese […]
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