By Richard Schulman With the wisdom of hindsight, we think the US made a big mistake in leaving Nicolás Maduro in power in Venezuela, faced only with economic sanctions that almost never bring about the downfall of a dictatorship, just more deprivation to powerless citizens. Chile, Colombia uprisings The leftist-instigated arson and urban uprisings in […]
Limited US-China trade deal likely at mid-November APEC summit
Correspondent L.C.’s weekly trade report ____________________________________________ The US and China appear to be proceeding smoothly toward finalizing the recently-agreed “phase one” trade deal so that it can be endorsed by their two leaders when they meet at the November 16th-17th Asia-Pacific Economic Cooperation (APEC) summit in Chile. China also this week passed a new law […]
US wins largest penalty ever for EU’s WTO-illegal Airbus subsidies
Trade correspondent L.C.‘s weekly report: On October 2nd the US received official World Trade Organization authorization to impose almost $7.5 billion annually in retaliation against the European Union for its WTO-illegal subsidies to Airbus. This had been expected, though the amount was on the lower side of what had been anticipated. It was, nonetheless, by […]
Cold War with China? Yes
by Richard Schulman There’s a debate underway in Washington as to whether the Trump administration is provoking a new Cold War with China and whether this is a good idea. One hundred China experts, many closely associated with the Democratic Party, think that the administration is indeed doing so and that this is a bad […]
President accuses trade partners of currency manipulation
Trade correspondent L.C. reports: President Trump has renewed his allegations of foreign currency manipulation at the same time as he is pushing for US manipulation. Meanwhile, the administration’s proposal to treat currency undervaluation as a countervailable subsidy has come under attack at the WTO. On July 3rd the president tweeted, “China and Europe playing big […]
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