The weekly trade column with correspondent L.C. Both President Trump and his trade adviser Peter Navarro are against the use of tariff relief as a stimulus to stem the economic decline that the coronavirus epidemic has caused. After the president dismissed the mounting number of demands for removing his unilateral tariffs, late on March 20th […]
Canada has ratified the USMCA
The Weekly Trade Report by L.C. Canada ratified the USMCA (United States-Mexico-Canada Agreement) sooner than anticipated. This is one of the few positive developments recently for a world economy badly rattled by spreading COVID-19 (Wuhan coronavirus) infections in Europe and the Federal Reserve’s foolish and unnecessary revival over the weekend of 2008 “anti-recession” measures. The […]
China trade deal called managed-trade Gosplan
The weekly trade report with L.C. Critics claim that the Phase One bilateral trade deal just signed by the US and China is a mercantilist, managed-trade Gosplan that will create more rather than less friction between the two countries, further unsettle world trade, and reduce investment. It will also provoke continuing friction between the US […]
Trade’s minor player, Congress
The weekly trade report with L.C. Concern is growing nationwide that trade’s minor player, Congress, shouldn’t have let itself be downgraded to its present subordinate position. Article I, Section 8 of the Constitution specifies that “Congress shall have Power…To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes.” Admittedly, […]
USMCA puts US under UN
The Weekly Trade Report – by L.C. The USMCA may move soon to a vote on the Senate floor, but the National Taxpayers Union (NTU) writes that “North American trade policy is too important to rush.” Congressional leaders leading the stampede are behaving like “timeshare salesmen…in trying to create a sense of scarcity and urgency […]
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