Trade correspondent L.C. writes: The US confrontation with China ratcheted up on July 6th with the imposition of 25% tariffs on $34 billion in Chinese exports to the US. China immediately responded, as expected, by imposing 25% tariffs on $29.6 billion in US exports. The US tariffs were imposed under Section 301 of its trade […]
President unconcerned about WTO fate, 20-25% foreign car tariffs
Trade correspondent L.C. writes: A report that President Trump is planning to exit the WTO stirred much excitement over the weekend. The least of the problems of the alleged planning document, the Fair And Reciprocal Trade act, would have been its acronym. Though it was denied that President Trump actually plans to leave the WTO […]
Trump escalates trade threats against China but priorities unclear
Trade correspondent L.C. writes: The Trump administration is continuing to escalate its trade pressures on China, but it’s not clear whether the priority is limiting technology transfer to China or improving the US trade balance with that country, nor why it is risking progress on either goal by simultaneously launching trade battles against allies and […]
Trade war threat beginning to damage global markets and investments
L.C.’s weekly trade report follows: Tariff trigger pulled; some damage to global markets and investments appears Following the failure of bilateral talks the Trump administration has followed through, as expected, by imposing 25% tariffs on about $50 billion worth of Chinese exports. That represents about 10% of the annual value of US goods imports from […]
As G7 ends, President Trump opposes allies rather than concerting measures against China
Trade correspondent L.C. reports on the unraveling of the G7 summit. When the annual Group of Seven Summit (G7) in Charlevoix (Quebec) on June 8th-9th ended, President Trump decided to oppose allies rather than concert with them measures against China. This raises questions about all aspects of US trade policy going forward: The escalating moves […]
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