Trade correspondent L.C. writes: In a major new trade policy move, the Commerce Department on May 23rd released a draft proposal to add currency devaluation to its rules on countervailing duties. US law defines a countervailable subsidy as a financial contribution from a government or public entity that is specific and provides a benefit to […]
Nostalgia for obsolete jobs isn’t smart
The populist nationalism promoted by President Trump, Tucker Carlson, Michael Anton, Breitbart and others has many virtues, but welcoming the upgrading of the division of labor through trade and technology is not one of them. Trade and technology are the engines that drive the productivity improvements on which improvement in wages, standard of living, and […]
US capital investment hit by Trump’s trade warring
Trade correspondent L.C. reports: President Trump has liberated the US from President Obama’s regulatory damage to the economy only to replace it with his own no less harmful trade damage. Over a year ago, Founders Broadsheet warned that the administration’s tactics would harm the US, and our concerns are now unfortunately coming to be validated. […]
Don’t write off conservatism
Conservatism has been wrongly declared dead by both Democrats and avid Trump supporters, but that’s a misreading of the situation both in the US and elsewhere in the world.
Major escalation of US-China trade war by both sides
Trade correspondent L.C. writes: President Trump’s threatened tariff escalation against China – announced a week ago – has now come to pass. The Section 301 tariff rate of 10% on $200 billion of US imports from China has been increased to 25%. The tariff increase went into effect for goods leaving China after 12:01 a.m. […]
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