Trade correspondent L.C. reports: China has reportedly lost the WTO case it brought against the EU for not granting it market-economy status. The report of this ruling comes from Bloomberg, citing two well-placed sources. WTO rulings are circulated to the parties to a case well before they are publicly released, so the report amounts to […]
Polar bears thriving, global warmists not so much
The well-fed polar bear above, if he could talk and read, would tell the global-warming-obsessed media, like the New York Times, how full of it they are. There have never been so many polar bears as now, the Inuit of northern Canada report. Unlike the Times reporters inhabiting the Upper West Side of New York, […]
US trade policies hurting farmers, driving allies closer to China
Trade correspondent L.C. reports: The Trump administration’s trade policies are facing serious threats worldwide. One of the president’s first acts in office was to exit the twelve-country Transpacific Partnership (TPP-12) negotiated by the previous administration. Japan, however, kept the free-trade-oriented pact alive minus the US, and now the American cows are coming home, literally (see […]
The Jones Act costs billions and kills
Last month Senator Mike Lee (R-UT) introduced a bill, the Open America’s Water Act of 2019, to “repeal the Jones Act and allow all qualified vessels to engage in domestic trade between U.S. ports.” The Jones Act is a 99-year-old protectionist bill that mandates that only US-owned, built, flagged, and manned ships can carry cargo […]
WTO ruling threatens Section 232 steel & aluminum tariffs
Founders Broadsheet trade correspondent L.C. writes: In a decision with major implications for the Trump administration’s Section 232 national security tariffs on aluminum and steel, a World Trade Organization (WTO) dispute settlement panel ruled for Russia against the Ukraine on April 5th. The case was brought against Russia for restricting the transit through Russia of […]
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