Biden trade policy is shaping up to be variant of Trump’s failed protectionism: Buy American, domestic-content rules, screw allies (Canada first), a cheap dollar, Section 301 tariffs, government subsidies to the favored, and no TPP — but without the abundant, reliable, inexpensive, domestically-produced energy of the Trump administration. The weekly trade report with L.C. Biden […]
The Republican way forward
by Richard Schulman With former US President Donald Trump having sabotaged his own party’s control of the Senate in the Georgia runoffs, Democrats are hoping the Republican Party will split into pro-Trump and anti-Trump factions. The presidency, Congress, and the administrative agencies have all fallen under their Democratic control. Democrats will now exercise far-reaching powers […]
Outgoing administration binds incoming one only on China trade
The outgoing Trump administration has implemented a number of last minute sanctions on China but left to the Biden administration what action to take regarding a currency manipulation finding against Vietnam and whether to retaliate against countries levying a discriminatory digital services tax (DST) against US internet companies. The weekly trade report with L.C. US […]
Commerce Secretary nomination rounds out Biden trade team
Commerce to get moderate Democrat Gina Raimondo as head. Trump admin pulls back on digital services tax retaliation but may rush, despite business opposition, last minute sanctions on Vietnam. China tech sanctions are levied by administration but NYSE fumbles. India is criticized at WTO for harmful tariff barriers and poor IP protection. The weekly trade […]
Teachers Unions: Anti-Heroes of the Pandemic
by Richard Schulman US education was in crisis before the Covid-19 pandemic; now it is worse. Progressives love to play the race card against Republicans on every occasion, but in the real world, especially the world of education, it is the progressives to whom that inflammatory accusation best applies. K-12 public education in Democrat-controlled cities […]
