Congress unanimously passes bill to de-list Chinese companies on US exchanges unless they comply with US auditing requirements. China, fearing bipartisan Trump and Biden moves to unite allies, offers South Korea and Japan a trilateral free-trade agreement, erects WTO-illegal tariffs on Australia, and threatens EU and others if they support Australia or the US. The […]
Limited US trade deal with Japan but not India
Trade Correspondent L.C.’s Weekly Trade Report: As anticipated (URL), President Trump and Prime Minister Shinzo Abe announced a limited trade agreement dealing mainly with tariffs and a second agreement on digital trade when they met in New York on September 25th. But the expectation that President Trump and Prime Minister Narendra Modi would announce a […]
US seeks limited trade agreements with India, Japan, not China
Trade correspondent L.C.’s weekly report: The Trump Administration is moving aggressively to reach limited trade agreements with India and Japan before the 2020 US elections – but not with China. On September 22th President Trump attended a 50,000 person rally in Houston (dubbed “Howdy, Modi!”) that Indian-Americans held for India’s Prime Minister Modi. This was […]
US seeks to head off Turkey break with free trade offer
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. […]
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 […]
