Trade correspondent L.C. reports: The Trump Administration made it clear on February 7th that the summit between President Trump and President Xi Jinping expected later this month will not take place, at least not while the US President is in Asia for his February 27-28 meeting with Kim Jong Un. The news took most observers […]
President’s bid for more trade power likely to fail
Trade correspondent L.C. reports: The White House has drafted a “US Reciprocal Trade Act” that would give the president authority to impose tariffs unilaterally on specific products and countries. The president wants to promote it in his January 29th State of the Union address and would like it to be introduced in Congress before then. […]
President unconcerned with tariff effect on economic outlook
Trade correspondent L.C. reports: With President Trump’s meeting with Chinese President Xi Jinping less than a week away, the outcome for trade and tariffs remains uncertain. Disagreement among the US president’s advisers continues. President Trump himself seems unconcerned with the impact the trade uncertainty is having on the health of the world economy. On Thanksgiving […]
Chinese leaders unhinged as economy weakens
Trade correspondent L.C. reports: An economic summit of world leaders held in Papua New Guinea ended in acrimony yesterday, the Wall Street Journal reported today, “as a fight over Chinese trade practices cast doubt over the ability of Washington and Beijing to resolve their trade battle soon. For the first time in the Asia-Pacific Economic […]
What would a great US statesman now do?
Our ally in multiple recent wars, the United Kingdom, is now paralyzed over its attempt to make an acceptable exit from the bureaucracy-encumbered European Union (EU). President Trump applauded this exit (“Brexit”) when it was first proposed, and he applauded the surge of British patriotism that supported it. The US President could now commit a […]
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