Trade Correspondent L.C.’s Weekly Trade Report: As anticipated (URL), President Trump and Prime Minister Shinzo Abe announced a limited trade agreement dealing mainly with tariffs and a second agreement on digital trade when they met in New York on September 25th. But the expectation that President Trump and Prime Minister Narendra Modi would announce a […]
$750 mn. donation to Caltech likely harmful
by Richard Schulman Sometimes guilt leads to great benefactions, as in the case of the Scrovegni Chapel in Padua. California Institute of Technology (“Caltech”), we fear, has not been so lucky. Yesterday one of its trustees, billionaire Stewart Resnick, and his wife Lynda, pledged $750 mn. to Caltech with some very burdensome environmentalist strings attached. […]
US seeks limited trade agreements with India, Japan, not China
Trade correspondent L.C.’s weekly report: The Trump Administration is moving aggressively to reach limited trade agreements with India and Japan before the 2020 US elections – but not with China. On September 22th President Trump attended a 50,000 person rally in Houston (dubbed “Howdy, Modi!”) that Indian-Americans held for India’s Prime Minister Modi. This was […]
US and Saudis re-enact Maginot line
by Richard Schulman The US and Saudi Arabia have given new meaning to military operations at the theater level — by running a re-enactment of France’s Maginot Line strategy that led to the fall of France in WWII. US and Saudi Arabian radar and missile defenses were pointed toward Houthi positions to the south. But […]
US-China olive twigs exchanged
by Trade Correspondent L.C. The US-China trade war seemed to slightly ease this week amid speculation that both sides wish to spare their economies further tariff escalation. Beijing is now proposing two negotiating tracks: one for strictly trade matters – which Vice Premier Liu He would lead – and one for national security matters. The […]
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