by Richard Schulman Joe Biden wanted to be a reincarnation of FDR, but his template was the anti-capitalist FDR of 1933-1937 – when the US was deep in a world depression and suffering unprecedented unemployment. Neither of these exist today. If Biden really wants to recover his reputation, he needs to transform himself into the […]
EU moves toward adopting “Anti-Coercion Instrument”
Until now, if an individual EU member is threatened by a non-member (as Lithuania has been by China), the EU can’t retaliate against the threatening party unless it secures the unanimous approval of all 27 EU member countries’ legislatures — a cumbersome and usually impossible procedure. But the European Commission (EC) is proposing the adoption […]
China tries to counter AUKUS setback with CPTPP application
The weekly trade report with L.C. Beijing made it official this week: China is formally asking to join the CPTPP. The process ahead for it is expected to be long and difficult and quite likely unsuccessful. China’s announcement came, probably not accidentally, a day after the US, Australia, and the UK announced on September 15th […]
Japan, Europe resist China’s demands they shun Taiwan
The weekly trade report with L.C. Taiwan’s diplomatic isolation in the face of Chinese threats seems to be coming to an end: Japan is promoting Taiwan’s entry to the CPTPP. Parliamentarians from the Japanese (LDP) and Taiwanese (DPP) ruling parties met virtually on August 27th, an unusual occurrence indicative of Tokyo’s efforts to warm its […]
Pacific allies urge US to re-engage through digital trade deal
Such a deal could begin returning the US to being an active trade player in the region and help lessen Chinese economic domination of the region. All seventeen House Ways and Means Committee Republicans are unanimous in calling for enacting Trade Promotion Authority (TPA) for the Democratic president so that trade deals can be expedited […]
