Trade correspondent L.C. reports: President Trump has renewed his allegations of foreign currency manipulation at the same time as he is pushing for US manipulation. Meanwhile, the administration’s proposal to treat currency undervaluation as a countervailable subsidy has come under attack at the WTO. On July 3rd the president tweeted, “China and Europe playing big […]
US and China back to ‘Go’ as EU forges new trade deals
by Trade Correspondent L.C.: Presidents Trump and Xi Jinping met on June 28th on the sidelines of the G20 Summit in Osaka and agreed to a tariff standstill and resumption of trade talks. The new engagement doesn’t come with any clear instructions for reaching a successful outcome; the move is seen as a buying-time exercise. […]
A protectionist thinks technology trumps the division of labor
by Richard Schulman Spencer P. Morrison, a frequent contributor to American Greatness, is against free markets, free trade, and the idea that the division of labor has anything to do with improvements in standards of living. Contrary to Adam Smith, Morrison writes, it’s not the division of labor that makes things cheaper. Rather “technology drives […]
Big G20 question: will the threatened 25% tariffs be avoided?
Trade correspondent LC reports: When President Trump and Chinese President Xi Jinping meet on June 28th-29th at the G20 Summit in Osaka, there is hope that the US President won’t feel the need to follow through on his threat to impose 25% tariffs on the remaining $300+ billion of Chinese imports (“List 4”) that haven’t […]
Iran emboldened by non-response to its attacks
We believe President Trump made a mistake in pulling back at the last minute from responding militarily to two months of increasingly hostile actions against the US and its allies by Iran and its proxies. These attacks culminated in the shooting down of a sophisticated US Global Hawk surveillance drone over international waters. The drone […]
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