By Trade Correspondent L.C. and the Editor: Trade wars, as commentators have warned, are a bit like “roach motels.” Once you go in, it’s very hard to exit. China’s President Xi and US President Trump are now playing a high stakes game of “Take that, motherf…” China just responded today by letting its currency depreciate […]
Congress introduces two bills to thwart Huawei threat
Trade correspondent L.C. reports: Congress is weighing in on the Huawei situation, exerting pressure against the possible easing of US government restrictions on the company and against the President using it as a bargaining chip in trade talks with Beijing. In fact, some in Congress and beyond think the Administration erred in not destroying China’s […]
French impose tax aimed mainly at US software companies
Trade correspondent L.C. reports: US Trade Representative (USTR) Robert Lighthizer announced on July 10th that it is initiating a Section 301 investigation focused on the new French Digital Services Tax (DST). The tax is expected to hit major US technology companies hard. The investigation will determine if the tax is an unfair trade barrier and […]
Beijing regime weakened by Hong Kong revolt
By trade correspondent L.C. and the editor President Trump is so wedded to his tariff threat against China that he has been practicing unilateral disarmament with respect to an objective arguably more important than a trade deal – namely, encouraging the Chinese people to rise up against the Xi Jinping dictatorship. In this respect, the […]
Euro Parliament advises against US-EU trade deal
Trade correspondent L.C. reports: Hope for a US-EU trade deal received another blow, this time from the European Parliament. On March 14th, a resolution for giving the EU’s executive – the European Commission – a mandate for pursuing the negotiations failed. Opposition to the mandate came largely from the Parliament’s leftist members. The resolution would […]
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