As the year ended, the UK finally exited the EU; China with Angela Merkel’s help concluded an EU-China trade agreement (despite suggestions from Biden officials that it should wait to consult with the incoming US administration); and the departing Trump administration issued a request to the WTO that environmental shortcomings become countervailable. The weekly trade […]
Relief at UK-EU Agreement, But Whither the EU Now?
Boris Johnson has his Brexit and the EU its 27 intimidated “remainer” nations. But the Biden administration may not find the welcome it had been anticipating from a Europe that wants to be defended by the US while ignoring US security interests. The weekly trade report with L.C. On Christmas Eve the EU and UK […]
US-China olive twigs exchanged
by Trade Correspondent L.C. The US-China trade war seemed to slightly ease this week amid speculation that both sides wish to spare their economies further tariff escalation. Beijing is now proposing two negotiating tracks: one for strictly trade matters – which Vice Premier Liu He would lead – and one for national security matters. The […]
Euro Parliament advises against US-EU trade deal
Trade correspondent L.C. reports: Hope for a US-EU trade deal received another blow, this time from the European Parliament. On March 14th, a resolution for giving the EU’s executive – the European Commission – a mandate for pursuing the negotiations failed. Opposition to the mandate came largely from the Parliament’s leftist members. The resolution would […]
The WTO’s importance to US and UK prosperity
Contrary to the coverage of major media outlets, the United Kingdom (UK) will do better with a “hard Brexit” — leaving the European Union (EU) with no deal — than the centrist solution negotiated by UK Chancellor Theresa May or the “remain” option (staying in the EU) advocated by the British left. The institution that […]
