Such a deal could begin returning the US to being an active trade player in the region and help lessen Chinese economic domination of the region. All seventeen House Ways and Means Committee Republicans are unanimous in calling for enacting Trade Promotion Authority (TPA) for the Democratic president so that trade deals can be expedited […]
Biden’s “Buy American” program makes him the second coming of Trump
The Biden administration is keeping the previous administration’s tariffs and expanding some of its programs, such as “Buy American,” in the hope of winning blue-collar workers away from Republicans in the 2022 elections. The July 26th to August 1st, 2021 roundup of major trade developments, with L.C. The White House last week put a major […]
A beneficial US-Vietnam currency settlement
A potential tariff war with an important US trade and strategic partner has been avoided. The July 19th to July 25th, 2021 roundup of major trade developments, with L.C. The Section 301 case targeting Vietnam for currency manipulation has been concluded – amicably, without the imposition of new US tariffs. When the US Trade Representative […]
EU’s CBAM and Fit for 55 hurt business, consumers, and trade partners
Encouraged by the Biden administration’s $3.5 trillion green plans — yet to be passed — Brussels’ EU bureaucracy is pursuing its own drastic de-carbonization plan — also yet to be passed. It controversially features tariffs on the imputed CO2 content of imports to the EU. The July 12th to July 18th, 2021 roundup of major […]
Yellen-Biden victory lap for G20 global tax hike is premature
* G20 leaders endorse G7, OECD agreements preparing way for higher US taxes, but politics has yet to weigh in;* US Court of International Settlements gives plaintiffs preliminary win over Trump-Biden administration’s Section 301 tariffs;* FOIA request forces release of a shoddy Section 232 report justifying auto tariffs on national security grounds that its authors […]
