L.C.’s weekly trade report follows. Diminish Chinese trade surplus or its hi tech industrial policy? April 10th — The Trump administration is internally split regarding the goal of its $50 bn. in threatened Section 301 tariffs against Chinese imports. Some officials want to win concessions from the Chinese that would bring down the bilateral trade […]
Winter and spring colder than usual? Here’s why
Winter and spring colder than usual? The NY Daily News, among others, thinks so: The Daily News has no clue as to why this is happening. But those who have read Henri Svensmark and Nigel Calder’s The Chilling Stars: A New Theory of Climate Change or good summaries do. The solar wind — plasma flares from […]
China retaliates against US with tariffs hitting Midwest farmers
Founders Broadsheet trade correspondent L.C. reports: Late Sunday April 1st, China announced that effective immediately it will be imposing tariffs of 25% on eight US exports, including pork, and 15% on one hundred and twenty other US exports, including fruits. This is China’s response to President Trump’s Section 232 (defense-related) steel and aluminum tariffs announced […]
China’s totalitarian dictatorship under Chairman Xi aims for world domination
The Passover and Easter season hold out hope for peace on earth. “Today we implore fruits of peace,” Pope Francis said to the crowd assembled in St. Peters’ Square for the pontiff’s traditional Urbi et Orbi (“To the City and World”) Easter address. Unfortunately an older Roman adage will need to be the guide in […]
Basic economics says the Trump tariffs won’t affect the US trade balance in the least
The Trump Administration brought a bit more clarity to the Section 232 “national security” tariffs being imposed on steel (25%) and aluminum (10%). Korea and the US have meanwhile settled their differences, and the US and China are in negotiations. But there’s still lack of clarity as to how countries will be exempted from US […]
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