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Trade war threat beginning to damage global markets and investments

June 18, 2018 by Richard Schulman Leave a Comment

US Trade Representative Robert Lighthizer

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 […]

Filed Under: Trade  Tagged: Canada, dairy, lumber, trade war

As G7 ends, President Trump opposes allies rather than concerting measures against China

June 11, 2018 by Richard Schulman Leave a Comment

Leaders attending the G7 Summit pose for a group photo

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 […]

Filed Under: Trade  Tagged: Canada, China, Group of 7 Summit (G7), Justin Trudeau, Theresa May

President Trump refutes “big bark, little bite” predictions; angers allies

June 4, 2018 by Richard Schulman 1 Comment

United Steelworkers Building, Pittsburg. The union has members in both the US and Canada. It opposes the Trump 25% steel tariff on Canada

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, […]

Filed Under: News, Trade  Tagged: NAFTA, Section 232, steel and aluminum tariffs

US-China trade war on hold, no NAFTA deal yet, allies unhappy

May 21, 2018 by Richard Schulman Leave a Comment

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 […]

Filed Under: Trade  Tagged: farm bill, intellectual property, Iran deal (JCPOA), NAFTA, state subsidies

NAFTA deadline looms, President flips on ZTE, Congress mulls defenses

May 14, 2018 by Richard Schulman Leave a Comment

Gorbachev wanted managed trade

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 […]

Filed Under: Trade  Tagged: New Democrat Coalition, Paul Ryan, Robert Lighthizer, Trade Authority Protection Act (TPA), ZTE

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