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 […]
First trade talks with China fail; Cold War the new reality
Failure of first round of US-China trade talks May 8th, based principally on L.C.’s weekly trade reporting. The good news is that the two sides agreed to continue talking. The bad news is that there was no indication from the May 3rd-4th meeting that any potential landing zones, compromises, or concessions were even discussed. Before […]
US postponing tariffs by month but not for TPP leader Japan
Trade correspondent L.C. writes: At the very last moment Monday night, the Trump administration announced that it will be postponing for another month its threatened tariffs against the European Union, the two NAFTA partners of the US (Canada and Mexico), and three other countries (Argentina, Australia, and Brazil). But no tariff relief has been afforded […]
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