Trade correspondent L.C.’s weekly report follows President Trump re-stated this week his interest in taking a second shot at joining the Trans-Pacific Partnership (now called the Comprehensive & Progressive TPP). One of his first acts as President was to withdraw from the TPP negotiations. The administration’s new rationale for joining the TPP is that it represents […]
China retaliates against US with tariffs hitting Midwest farmers
Founders Broadsheet trade correspondent L.C. reports: Late Sunday April 1st, China announced that effective immediately it will be imposing tariffs of 25% on eight US exports, including pork, and 15% on one hundred and twenty other US exports, including fruits. This is China’s response to President Trump’s Section 232 (defense-related) steel and aluminum tariffs announced […]
China’s totalitarian dictatorship under Chairman Xi aims for world domination
The Passover and Easter season hold out hope for peace on earth. “Today we implore fruits of peace,” Pope Francis said to the crowd assembled in St. Peters’ Square for the pontiff’s traditional Urbi et Orbi (“To the City and World”) Easter address. Unfortunately an older Roman adage will need to be the guide in […]
Basic economics says the Trump tariffs won’t affect the US trade balance in the least
The Trump Administration brought a bit more clarity to the Section 232 “national security” tariffs being imposed on steel (25%) and aluminum (10%). Korea and the US have meanwhile settled their differences, and the US and China are in negotiations. But there’s still lack of clarity as to how countries will be exempted from US […]
Does Trump wish to destroy the WTO? Will he heed Kudlow or Navarro?
Correspondent L.C.’s weekly trade report which follows is likely the most comprehensive such report available on the internet without charge to readers. Beyond the tariffs President Trump is imposing on steel and aluminum and intends to impose on Chinese exports, the US press reports that he is serious about wanting to rearrange US trade relationships so […]
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