Until now, if an individual EU member is threatened by a non-member (as Lithuania has been by China), the EU can’t retaliate against the threatening party unless it secures the unanimous approval of all 27 EU member countries’ legislatures — a cumbersome and usually impossible procedure. But the European Commission (EC) is proposing the adoption […]
At last, a WTO success: services liberalization
The services pact should benefit the US, which is the world’s largest exporter of services. Meanwhile, the US, EU, and Japan are discussing ways to counter at the WTO the market-distorting practices of non-market economies — namely, China’s. Separately, the US and EU are also holding discussions on strategic cooperation in the Indo-Pacific region, where […]
Biden vs Canada; AMLO vs the US
World trade and the Indo-Pacific aside, the Biden administration has problems closer to home. It has taken actions against Canada that hurt both that country and the US, and it is facing damaging actions not of its doing from Mexico’s authoritarian leftist president AMLO. The November 29th, 2021 trade report with L.C. On November 26th, […]
Biden admin dysfunctional trade policy finds few amigos abroad or at home
* Raimondo-Tai talk-talk team does Tokyo. * US thinks WTO’s pro-EU ruling on olives is the pits. * Bipartisan USCC issues to Congress its hardline annual report on China. * The WTO’s annual report emphasizes that the highly connected global economy “has made the world more vulnerable to shocks… but also more resilient to them […]
US-Japan steel-aluminum tariff talks start but LDCs fear US-EU carbon border adjustment plans
The November 15th, 2021 trade report with L.C. The US and Japan are moving closer to an agreement in the dispute over the US Section 232 steel and aluminum tariffs. US Trade Representative Katherine Tai and Commerce Secretary Gina Raimondo released a joint statement on November 12 announcing the “start of consultations” with Tokyo on […]
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