Also featured: US-UK trade treaty in early discusssion, Biden endorses the Jones Act, Raimondo confirmation runs into China problems, Biden’s Buy American plans face obstacles, EU to try to resolve WTO Appelate Body crisis The weekly trade report with L.C. As expected, the United Kingdom will formally ask to join the Trans-Pacific Partnership (CPTPP) on […]
UK, in reversal, bans Huawei 5G
Calls for ten-nation “club” to build own 5G network The weekly trade report by L.C. There were two important Huawei developments this week. Huawei Chief Financial Officer Meng Wanzhou lost her bid for a Canadian court to halt her extradition to the US, and the UK reversed its earlier decision to allow Huawei to be […]
Congress introduces two bills to thwart Huawei threat
Trade correspondent L.C. reports: Congress is weighing in on the Huawei situation, exerting pressure against the possible easing of US government restrictions on the company and against the President using it as a bargaining chip in trade talks with Beijing. In fact, some in Congress and beyond think the Administration erred in not destroying China’s […]
President accuses trade partners of currency manipulation
Trade correspondent L.C. reports: President Trump has renewed his allegations of foreign currency manipulation at the same time as he is pushing for US manipulation. Meanwhile, the administration’s proposal to treat currency undervaluation as a countervailable subsidy has come under attack at the WTO. On July 3rd the president tweeted, “China and Europe playing big […]
Suspense over auto tariffs
Trade correspondent L.C. reports: Did the Commerce Department meet its February 17th deadline to deliver to the White House a report on whether automotive imports are a threat to national security? No one knows, and the White House isn’t saying. The secrecy is rankling. As the president of the American International Automobile Dealers Association said, […]
