Japan is reportedly resisting being arm-twisted into adopting the same managed trade deal that the US forced on the EU and other countries in lieu of just lifting the dubious Section 232 tariffs on steel and aluminum imposed by former President Trump. Japan, like the rest of the US’s Pacific allies, wants it to join […]
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 […]
US, lacking trade policy, concedes field to China
Also featured in this week’s trade roundup:* US vs. India, South Africa over waivers for vaccine production;* Calls for US to help India overcome its pandemic surge;* Australia security conflict with China over Victoria;* New Zealand retreat from Five Eyes solidarity;* Europe’s carbon tax;* Biden’s Climate Summit fiasco;* Canada’s planned Digital Services Tax;* Administration restoration […]
Australia’s Cormann wins OECD race; Greens unhappy
– Australian Prime Minister Scott Morrison hosts a virtual Quad leaders meeting on March 12th; – Secretary of State Blinken and Defense Secretary Austin will cross Pacific to meet with their Japanese and South Korean counterparts prior to a high-level US-China meeting in Anchorage, Alaska;– Japanese Prime Minister Yoshihide Suga will be the first foreign […]
International resistance to China grows
US blocks Chinese access to additional defense-related US technologies. Coalitions of democracies to resist China are expanding on four continents. The CPTPP has become newly popular. Will the US rejoin? One off-note: Treasury’s currency manipulation report. The weekly trade report with L.C. The Commerce Department announced on December 18th that it has added China’s Semiconductor […]
