Trade correspondent L.C. reports: As expected, the US and Mexico this morning announced agreement on a trade deal which, if Canada accepts, will constitute NAFTA 2.0. “But a number of key factors remain unresolved in Trump’s effort to replace the North American Free Trade Agreement — the biggest among them whether Canada will sign on […]
Can US education become great again?
A new year is starting at schools and colleges around the US, but it’s business as usual in the education industry. Although the US has higher per pupil educational spending than anywhere else in the world, its students score a mediocre 28th place in global school rankings. China scores way ahead of the US in […]
Vice-ministerial level US-China trade talks resume; outcome uncertain
Trade correspondent L.C. writes: In a potential breakthrough in the US-China trade standoff, Beijing accepted Washington’s invitation to hold vice-ministerial level talks. There is speculation that the White House would like to be able to announce some resolution or at least major progress in the talks with China before the early-November mid-term elections. This will […]
Second tranche of US-China tit-for-tat tariffs goes live in ten days
Trade correspondent L.C. reports: The US and China have announced the unleashing of the next tranche in tit-for-tat tariffs, covering $16 billion in each country’s exports, to begin on August 23rd. The US tariffs are set at 25% and are being imposed under trade law Section 301. The Chinese tariff rate will also be 25%. […]
Indexing capital gains taxes a good idea, but…
Support is growing among Republicans in Washington to shield capital gains from the ravages of inflation. President Trump’s economic adviser Larry Kudlow has written in support of the idea. So do Grover Norquist (President of Americans for Tax Reform), Senator Ted Cruz, and House Ways and Means chairman Kevin Brady. Rep. Devin Nunes of California […]
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