Trade correspondent L.C. reports: The White House formally notified Congress on October 16th that it intends to begin free trade negotiations with three important allied trading partners: Japan, the EU, and the UK. Allied solidarity is crucial as China rushes to lock up strategic raw materials worldwide while resisting US efforts to reform its state-dominated […]
Trump threatens Japan and Canada with ruinous auto tariffs
Trade correspondent L.C. reports: President Trump threatened Japan with unspecified action over its persistent trade surplus with the US. The threat came in a telephone conversation with Wall Street Journal assistant editor James Freeman, who quoted the President as saying that the US has “good relations” with Japan but that he “is still bothered by […]
New Trump tariffs on $200 bn. of Chinese imports will hit US consumers directly
Trade correspondent L.C. reports: The planned Trump administration tariffs of 10% on $200 bn. of Chinese imports will hit US consumers directly — unlike the previous tariffs, which were on producer goods (steel and aluminum) and thus hit manufacturers first. The list US Trade Representative (USTR) Robert Lighthizer has prepared contains 6,031 products. The tariffs […]
Trump escalates trade threats against China but priorities unclear
Trade correspondent L.C. writes: The Trump administration is continuing to escalate its trade pressures on China, but it’s not clear whether the priority is limiting technology transfer to China or improving the US trade balance with that country, nor why it is risking progress on either goal by simultaneously launching trade battles against allies and […]
As G7 ends, President Trump opposes allies rather than concerting measures against China
Trade correspondent L.C. reports on the unraveling of the G7 summit. When the annual Group of Seven Summit (G7) in Charlevoix (Quebec) on June 8th-9th ended, President Trump decided to oppose allies rather than concert with them measures against China. This raises questions about all aspects of US trade policy going forward: The escalating moves […]
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