As the year ended, the UK finally exited the EU; China with Angela Merkel’s help concluded an EU-China trade agreement (despite suggestions from Biden officials that it should wait to consult with the incoming US administration); and the departing Trump administration issued a request to the WTO that environmental shortcomings become countervailable. The weekly trade […]
Relief at UK-EU Agreement, But Whither the EU Now?
Boris Johnson has his Brexit and the EU its 27 intimidated “remainer” nations. But the Biden administration may not find the welcome it had been anticipating from a Europe that wants to be defended by the US while ignoring US security interests. The weekly trade report with L.C. On Christmas Eve the EU and UK […]
Biden’s Green Gift to Beijing’s Reds
by Richard Schulman Incoming President Joe Biden’s commitment to a green makeover of the US economy will be a huge gift to China’s rulers. The makeover will weaken the US economically and militarily. What more could the Beijing totalitarians ask for? This is a shame not just because of the harm it will do to […]
International resistance to China grows
US blocks Chinese access to additional defense-related US technologies. Coalitions of democracies to resist China are expanding on four continents. The CPTPP has become newly popular. Will the US rejoin? One off-note: Treasury’s currency manipulation report. The weekly trade report with L.C. The Commerce Department announced on December 18th that it has added China’s Semiconductor […]
US-China reset? Probably not
China is hoping for a reset in relations with the incoming Biden administration. President-elect Biden has nominated an experienced China trade negotiator, Katherine Tai, as the next USTR. But a major reset isn’t expected soon as the Beijing regime continues suppressing its private sector. The weekly trade report with L.C. President-elect Joe Biden’s designee as […]
