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Protectionist USTR-designate Tai gets bipartisan pass

March 1, 2021 by Richard Schulman 1 Comment

Bipartisan softballs are lodged at President Biden’s protectionist USTR-designate Katherine Tai during her confirmation hearings. A Biden executive order will launch a 100-day US supply chain review. The administration’s refusal to follow up on a US-UK free trade agreement begun by the Trump administration smells of petty partisanship and contradicts the present administration’s claim that […]

Filed Under: Trade  Tagged: Katharine Tai, protectionism, US-China Phase One trade deal

Trade in split Congress likely to be bipartisan but protectionist

November 12, 2018 by Richard Schulman Leave a Comment

Xi-Trump summit unlikely to settle US-China trade differences

Trade correspondent L.C. reports: In the wake of the highly partisan US midterm elections, trade is one of the few areas where bipartisanship is possible. Most observers believe that Congress will pass the US-Canada-Mexico (USMCA, a.k.a. NAFTA 2.0) implementing bill during 2019. It is also likely that Congress will approve the start of trade talks […]

Filed Under: Trade  Tagged: midterm elections, protectionism, split Congress, USMCA, Xi Jinping

Despite export boom, US tax cuts and deficit will increase imports over exports, threatening ill-considered administrative protectionism

February 12, 2018 by Richard Schulman 1 Comment

Emblem of the US Trade Representative

Trade correspondent LC’s weekly report The probability that the trade deficit will continue to grow presents a danger for US trading partners. The recent US tax cuts and government spending hike will likely increase US demand, keeping US savings lagging consumption and attracting even more imports, pushing the trade deficit up. Strong demand abroad should […]

Filed Under: Trade  Tagged: American Insstitute for International Steel (AIIS), Canada, China, European Union (EU), protectionism, Robert Lighthizer, safeguards, Section 232, Section 301, South Korea, Taiwan, US Chamber of Commerce, US International Trade Commission (ITC), US Trade Representative (USTR), World Trade Organization (WTO)

Mon.-Tues. (Feb. 5-6, 2018) Weak dollar, trade protectionism the two big things that threaten the improving US economy

February 6, 2018 by Richard Schulman Leave a Comment

Hans Christian Andersen's The Little Match Girl -- left out when others prosper -- a parable of the US in the face of a worldwide Renaissance in trade deals with the US outside looking in?

Steve Forbes, editor of Forbes magazine and a Republican candidate for President in 1996, writes that “Two big things threaten the improving US economy: a weak dollar and trade protectionism.” Regarding the latter, he continues, It’s one thing to update trade agreements such as Nafta, quite another to blow them up or try to dictate […]

Filed Under: Trade  Tagged: African Continental Free Trade Area (CFTA), Angelo Codevilla, CPTPP (new 11-nation TPP), FBI scandal, FISA, protectionism, space exploration, SpaceX, Steve Forbes

Transpacific Partnership now live — minus US. Trump on protectionist drive?

January 23, 2018 by Richard Schulman 1 Comment

U.S. solar panel manufacturers want protection from Chinese state-favored producers; US solar installers and homeowners want the imports to continue

Weekly trade report by L.C. Late breaking item! As we went to press, Canada’s Prime Minister Trudean announced that Canada had accepted joining the Transpacific Partnership (TPP-11). It’s now live — without the U.S. This is a major world trade development that will put much pressure on the US, especially its crucial agriculture sector. Yesterday […]

Filed Under: Trade  Tagged: Canada, China, CPTPP (new 11-nation TPP), protectionism, Robert Lighthizer, Russia, South Korea, Uraniuim One scandal, uranium, WTO

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