* But US and EU agricultural protectionism remains a scandal — harming consumers in the advanced sector with severe food price inflation and farmers in the developing sector whose price-depressed products are blocked from sale to US and EU consumers; * A US-EU dispute remains over the EU’s discriminatory plans for the US tech giants;* […]
Biden admin: neglect world trade, increase world taxes
Most governments, hating low taxes, have just endorsed the Biden-Yellen proposal to create a world minimum tax cartel of at least 15%. Meanwhile, the Biden administration hasn’t bothered to renew Trade Promotion Authority, underlining its indifference to expanding US trade abroad. Nor, in a policy that benefits China, has it stopped knee-capping the World Trade […]
Three admin blunders: G7 Summit, Putin meet, supply-chain review
Will the US-EU Summit on June 15th do better? The June 7th to 13th, 2021 roundup of major trade developments, with L.C. Biden’s first foreign foray began with the 47th Group of Seven Summit, hosted by the UK in Carbis Bay, Cornwall, June 11th to 13th. From there, Biden goes to Brussels for a NATO […]
Does the semiconductor industry need government subsidies?
The Feb. 8-14, 2021 roundup of major trade developments The weekly trade report with LC The shortage of semiconductor chips needed for automobile production is causing an estimated $61 bn. loss of sales for the auto industry. The shortage is also impacting other industries that are dependent on semiconductors: cellphones, computers, electronic games, household appliances, […]
Biden trade policy: meet new boss, worse than old boss
Biden trade policy is shaping up to be variant of Trump’s failed protectionism: Buy American, domestic-content rules, screw allies (Canada first), a cheap dollar, Section 301 tariffs, government subsidies to the favored, and no TPP — but without the abundant, reliable, inexpensive, domestically-produced energy of the Trump administration. The weekly trade report with L.C. Biden […]
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