* G20 leaders endorse G7, OECD agreements preparing way for higher US taxes, but politics has yet to weigh in;* US Court of International Settlements gives plaintiffs preliminary win over Trump-Biden administration’s Section 301 tariffs;* FOIA request forces release of a shoddy Section 232 report justifying auto tariffs on national security grounds that its authors […]
Republican congressmen fear losing races because of trade war impact
Trade correspondent L.C. reports: President Trump says he is about to impose $200 bn. in new tariffs on the next tranche of targeted Chinese exports, though the interest rate may be 10%, not the 25% earlier contemplated. Nevertheless, Washington appears to be wary of the response — Chinese and domestic — to new US tariff […]
Basic economics says the Trump tariffs won’t affect the US trade balance in the least
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 […]
