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Reviving the classical-liberal republic

News and commentary, posted occasionally

US, lacking trade policy, concedes field to China

April 26, 2021 by Richard Schulman 1 Comment

Also featured in this week’s trade roundup:* US vs. India, South Africa over waivers for vaccine production;* Calls for US to help India overcome its pandemic surge;* Australia security conflict with China over Victoria;* New Zealand retreat from Five Eyes solidarity;* Europe’s carbon tax;* Biden’s Climate Summit fiasco;* Canada’s planned Digital Services Tax;* Administration restoration […]

Filed Under: Trade  Tagged: Australia, Canada, carbon tax, Digital Service Tax (DST), Government Procurement Agreement (GPA), India, New Zealand, TRIPS, Victoria (Australia)

Shared China concerns trump trade in US-Japan heads-of-state meeting

April 19, 2021 by Richard Schulman Leave a Comment

But speech by US Trade Representative Tai highlights shift by Biden administration to green energy focus over traditional US policy seeking expanded world trade role. The April 12-18, 2021 roundup of major trade developments, with L.C. Japan’s Prime Minister Yoshihide Suga was in Washington to meet with President Joe Biden on April 16th. This is […]

Filed Under: Trade  Tagged: China, green energy, Japan, Katharine Tai, Taiwan

The Biden tax and spending program will destroy the American economy

April 17, 2021 by Richard Schulman 2 Comments

The Biden tax program is to economics as the Biden green energy program is to science. by Richard Schulman The Biden tax programs can’t pay off the huge debt the administration is incurring. Corporate investment will suffer, as will workers’ income. The Biden administration’s American Jobs Plan (AJP) introduces multiple important changes to the US […]

Filed Under: Taxation  Tagged: American Jobs Plan (AJP), American Rescue Plan Act of 2021 (ARPA), assignats, capital gains tax, corporate tax, Digital Services Tax (DST), GILTI, global minimum tax, inflation, taxation principle of territoriality

Bipartisan agreement on batteries, China, but OECD battle ahead

April 12, 2021 by Richard Schulman Leave a Comment

Also: US Court of International Trade (CIT) rules against tariffs on downstream steel and aluminum products, a rare court win against the Trump administration’s Section 232 tariffs The April 5-11, 2021 roundup of major trade developments, with L.C. The Biden administration has launched an effort to get the international tax talks hosted by the OECD […]

Filed Under: Trade  Tagged: Digital Services Tax (DST), FY22 budget, global minimum tax, OECD, Section 232, Senator Bob Menendez, US Court of International Trade (CIT)

Allies want unity vs China but Biden admin fixated on domestic bills

April 4, 2021 by Richard Schulman Leave a Comment

* First Group of Seven trade meeting held. UK steps forward as free trade champion;* China on the outs with EU as well as US;* Goals of Biden administration’s American Jobs Plan contradict each other and neglect trade growth. The March 29-April 4, 2021 roundup of major trade developments, with L.C. The Group of Seven […]

Filed Under: Uncategorized  

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