Most governments, hating low taxes, have just endorsed the Biden-Yellen proposal to create a world minimum tax cartel of at least 15%. Meanwhile, the Biden administration hasn’t bothered to renew Trade Promotion Authority, underlining its indifference to expanding US trade abroad. Nor, in a policy that benefits China, has it stopped knee-capping the World Trade […]
Taiwan and the TPP get renewed attention
* More US Senate, business, and allied pressure to join TPP, also just favorably reviewed at the WTO;* Administration’s ban on Uyghur forced-labor polysilicon from China conflicts with its solar push; Senate Foreign Relations approves Uyghur protection bill;* Trade talks with Taiwan start this Wednesday, and some US vaccines will go to Taiwan despite Chinese […]
Boeing-Airbus trade truce concluded but China overproduction worries continue
The June 14th to 20th, 2021 roundup of major trade developments, with L.C. The US-EU Summit held in Brussels on June 15th had a welcome trade truce as its outcome. But the strategic commentariat in the US was less complimentary regarding the whirlwind of conferences (G7, US-EU, NATO, Putin) that President Biden attended. Walter Russell […]
Three admin blunders: G7 Summit, Putin meet, supply-chain review
Will the US-EU Summit on June 15th do better? The June 7th to 13th, 2021 roundup of major trade developments, with L.C. Biden’s first foreign foray began with the 47th Group of Seven Summit, hosted by the UK in Carbis Bay, Cornwall, June 11th to 13th. From there, Biden goes to Brussels for a NATO […]
At G7 meet, Biden administration moves to give tax sovereignty to OECD
Also: the United Kingdom enjoys a banner week of trade developments The May 31st to June 6th, 2021 roundup of major trade developments, with L.C. The Group of Seven deal on setting a 15% minimum corporate tax and shifting how multinational companies are taxed is not yet a done deal. The agreement was reached on […]
