The weekly trade report, by L.C. President Trump and his supporters hailed last week’s three trade events as vindication of the president’s protectionism. These consisted of: US knee-capping of the World Trade Organization’s Appellate Body (its dispute-settlement court), the US-Mexico-Canada Agreement (USMCA), and a first-phase China agreement. The actual benefits of the three trade agreements […]
No need to make nicey-nice with Xi Jinping for a trade deal
By trade correspondent L.C. and the editor What is one to conclude from the overwhelming victory of pro-democracy candidates in Sunday’s Hong Kong municipal elections and the publication last week in the Western press of Chinese Communist internal documents revealing the party’s incarceration of one to two million of its own Muslim population in Xinjiang? […]
Trump ok’s small China trade deal but Hong Kong wants US guarantees
The weekly trade report by L.C. US and Chinese negotiators reached – by the US account – a limited, partial trade agreement when they met in Washington on October 11th for their 13th negotiating round. As President Trump told reporters, “We’ve come to a very substantial phase one deal, subject to getting it written.” He […]
US-China Tariffs Escalate; USMCA Still in Play
by Trade Correspondent L.C. Fifteen percent tariffs on tools, clothing, some footwear, and many electronics were imposed on China yesterday by the US, today’s Wall Street Journal reports. Additional 15% tariffs will be imposed on smartphones, laptops, toys, video games and other products starting on Dec. 15th. Consumers may soon be noticing increased retail prices. […]
Administration’s trade and currency policies are contradictory
by Trade Correspondent L.C. In this odd week for US-China ties, President Donald Trump formally accused Beijing of being a currency manipulator while also calling for the US to manipulate the dollar lower. This raises the question of whether the Trump Administration will directly intervene in the currency markets to devalue the dollar. That’s something […]
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