Trade correspondent LC’s weekly report The probability that the trade deficit will continue to grow presents a danger for US trading partners. The recent US tax cuts and government spending hike will likely increase US demand, keeping US savings lagging consumption and attracting even more imports, pushing the trade deficit up. Strong demand abroad should […]
Mon.-Tues. (Feb. 5-6, 2018) Weak dollar, trade protectionism the two big things that threaten the improving US economy
Steve Forbes, editor of Forbes magazine and a Republican candidate for President in 1996, writes that “Two big things threaten the improving US economy: a weak dollar and trade protectionism.” Regarding the latter, he continues, It’s one thing to update trade agreements such as Nafta, quite another to blow them up or try to dictate […]
Important news: President Trump is considering rejoining the Trans-Pacific Partnership
The most important news of the day is that President Trump said he is considering rejoining the Trans-Pacific Partnership (TPP-11), the eleven nations that just a few days ago announced that they had secured agreement to go ahead with their trade pact. Of the US press, only the Wall Street Journal covered this major development. […]
Transpacific Partnership now live — minus US. Trump on protectionist drive?
Weekly trade report by L.C. Late breaking item! As we went to press, Canada’s Prime Minister Trudean announced that Canada had accepted joining the Transpacific Partnership (TPP-11). It’s now live — without the U.S. This is a major world trade development that will put much pressure on the US, especially its crucial agriculture sector. Yesterday […]
Canada files with WTO a global attack on US unfair-trade laws
Weekly trade report for Jan. 8-14, 2018 by L.C. Canada has filed a new World Trade Organization (WTO) complaint against the US that is stunning in its scope. It targets in detail the way the US implements its unfair-trade laws, enumerating many practices that are at the core of US trade-remedy measures but that allegedly […]
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