The Trump Administration brought a bit more clarity to the Section 232 “national security” tariffs being imposed on steel (25%) and aluminum (10%). Korea and the US have meanwhile settled their differences, and the US and China are in negotiations. But there’s still lack of clarity as to how countries will be exempted from US […]
Trump tariffs freeze investments, split Republicans, hurt allies, boost China
President Trump announced 25% steel tariffs and 10% aluminum tariffs in the name of military security. The tariff announcement will freeze US investments, split Republicans, hurt US allies (especially Canada), and boost the influence of China as an economic, diplomatic, and military power. The Trump tariffs, however, have near unanimous Democratic Party support. A U.S. […]
Despite export boom, US tax cuts and deficit will increase imports over exports, threatening ill-considered administrative protectionism
Trade correspondent LC’s weekly report The probability that the trade deficit will continue to grow presents a danger for US trading partners. The recent US tax cuts and government spending hike will likely increase US demand, keeping US savings lagging consumption and attracting even more imports, pushing the trade deficit up. Strong demand abroad should […]
Transpacific Partnership now live — minus US. Trump on protectionist drive?
Weekly trade report by L.C. Late breaking item! As we went to press, Canada’s Prime Minister Trudean announced that Canada had accepted joining the Transpacific Partnership (TPP-11). It’s now live — without the U.S. This is a major world trade development that will put much pressure on the US, especially its crucial agriculture sector. Yesterday […]
What to do about Pakistan?
During the Cold War, Pakistan was a key US ally. It helped the Reagan administration arm the Taliban to drive the Russians out of Afghanistan. Pakistan is still supporting the Taliban because it fears India’s domination of Afghanistan, which the US is encouraging. What to do about Pakistan? A better US policy would be to […]
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