Trade correspondent L.C. reports: The idea of a US-Turkey Free Trade Agreement was raised this week by Sen. Lindsey Graham (R-SC). He spoke about the possibility after meeting with visiting Turkish Foreign Minister Mevlut Cavusoglu, with whom the President asked him to meet. The prospect of an FTA was presumably also the White House’s idea. […]
US and China back to ‘Go’ as EU forges new trade deals
by Trade Correspondent L.C.: Presidents Trump and Xi Jinping met on June 28th on the sidelines of the G20 Summit in Osaka and agreed to a tariff standstill and resumption of trade talks. The new engagement doesn’t come with any clear instructions for reaching a successful outcome; the move is seen as a buying-time exercise. […]
Big G20 question: will the threatened 25% tariffs be avoided?
Trade correspondent LC reports: When President Trump and Chinese President Xi Jinping meet on June 28th-29th at the G20 Summit in Osaka, there is hope that the US President won’t feel the need to follow through on his threat to impose 25% tariffs on the remaining $300+ billion of Chinese imports (“List 4”) that haven’t […]
US capital investment hit by Trump’s trade warring
Trade correspondent L.C. reports: President Trump has liberated the US from President Obama’s regulatory damage to the economy only to replace it with his own no less harmful trade damage. Over a year ago, Founders Broadsheet warned that the administration’s tactics would harm the US, and our concerns are now unfortunately coming to be validated. […]
WTO reportedly rejects China’s claim to be market economy
Trade correspondent L.C. reports: China has reportedly lost the WTO case it brought against the EU for not granting it market-economy status. The report of this ruling comes from Bloomberg, citing two well-placed sources. WTO rulings are circulated to the parties to a case well before they are publicly released, so the report amounts to […]
