President Trump is continuing his two-front trade war – battling allies and China at the same time — despite the fact that the allies want to work together with the US within the World Trade Organization (WTO) to curb Chinese abuses. The President’s trade policy might be called a non-Bismarckian or “Kaiser Wilhelm II” approach, […]
China retaliates against US with tariffs hitting Midwest farmers
Founders Broadsheet trade correspondent L.C. reports: Late Sunday April 1st, China announced that effective immediately it will be imposing tariffs of 25% on eight US exports, including pork, and 15% on one hundred and twenty other US exports, including fruits. This is China’s response to President Trump’s Section 232 (defense-related) steel and aluminum tariffs announced […]
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 […]
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