L.C.’s weekly trade report follows: Tariff trigger pulled; some damage to global markets and investments appears Following the failure of bilateral talks the Trump administration has followed through, as expected, by imposing 25% tariffs on about $50 billion worth of Chinese exports. That represents about 10% of the annual value of US goods imports from […]
As G7 ends, President Trump opposes allies rather than concerting measures against China
Trade correspondent L.C. reports on the unraveling of the G7 summit. When the annual Group of Seven Summit (G7) in Charlevoix (Quebec) on June 8th-9th ended, President Trump decided to oppose allies rather than concert with them measures against China. This raises questions about all aspects of US trade policy going forward: The escalating moves […]
President Trump refutes “big bark, little bite” predictions; angers allies
Trade correspondent L.C. reports: US trade policy announced over the past week has answered the key trade question of the past sixteen months of whether President Trump is “big-bark–little-bite” and would ultimately back off from acting on his protectionist trade policy preferences and his peculiar understanding of how the trading economy works: No. Mexico, Canada, […]
US-China trade war on hold, no NAFTA deal yet, allies unhappy
Trade Correspondent L.C. reports: The US-China trade talks in Washington this week led to a joint statement momentarily lifting the threat of further trade war escalation. It also managed to displease politicians, analysts, and private sector organizations from across the political spectrum and economy. But despite disagreement over many aspects of trade policy, most Americans […]
NAFTA deadline looms, President flips on ZTE, Congress mulls defenses
May 14th. Trade correspondent L.C. reports: NAFTA Important developments in the NAFTA renegotiation took place this week: House Speaker Paul Ryan (R-WI) announced that he considers May 17th the final day on which the Administration can notify Congress that it has essentially finished the renegotiation and intends to sign the agreement — if the current […]
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