It was President Trump’s best of weeks and his worst of weeks. It was his best of weeks in that The President instantly won the hearts of conservative Republicans by pardoning Scooter Libby, the innocent casualty of a previous lawless Special Counsel, Lawrence Walsh. President George W. Bush should have pardoned Libby but didn’t; The […]
Tariff exclusions create complications for Trump and Republican allies
Our trade expert L.C.’s weekly trade report follows: President Trump’s March 8th proclamations of tariffs of 25% on steel and 10% on aluminum — but with tariff exclusions for Canada and Mexico — have created considerable political and economic complications for the President and his Republican allies. Trump issued the proclamations under Section 232 of […]
President bends slightly to pro-trade Republicans; conservatives come out in opposition
President Trump bent slightly his severe steel and aluminum tariffs to temporarily exclude Canada and Mexico but left other allied nations still exposed to their brunt. The President’s protectionist tariffs provoked a storm of protests from congressional Republicans, and many conservatives came out in united public opposition to Trumpism for the first time since the […]
Mon.-Tues. (Feb. 5-6, 2018) Weak dollar, trade protectionism the two big things that threaten the improving US economy
Steve Forbes, editor of Forbes magazine and a Republican candidate for President in 1996, writes that “Two big things threaten the improving US economy: a weak dollar and trade protectionism.” Regarding the latter, he continues, It’s one thing to update trade agreements such as Nafta, quite another to blow them up or try to dictate […]
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 […]
