Most governments, hating low taxes, have just endorsed the Biden-Yellen proposal to create a world minimum tax cartel of at least 15%. Meanwhile, the Biden administration hasn’t bothered to renew Trade Promotion Authority, underlining its indifference to expanding US trade abroad. Nor, in a policy that benefits China, has it stopped knee-capping the World Trade […]
Bipartisan agreement on batteries, China, but OECD battle ahead
Also: US Court of International Trade (CIT) rules against tariffs on downstream steel and aluminum products, a rare court win against the Trump administration’s Section 232 tariffs The April 5-11, 2021 roundup of major trade developments, with L.C. The Biden administration has launched an effort to get the international tax talks hosted by the OECD […]
The Feb. 1-7, 2021 roundup of major trade developments
* Biden admin endorses WTO majority choice for Director-General.* Aluminum tariffs reinstated on UAE.* Court of International Trade upholds Section 232 steel tariffs.* Semiconductors in spotlight.* Beijing attempts to dominate world technology standards.* AMLO turns statist,* Biden abuses Canada.* EU proposes tariff settlement with US, joint trade policy commission. with Founders Broadsheet trade columnist L.C. […]
Court punts on taking non-delegation case
The Supreme Court has punted on taking the non-delegation case brought before it by the AIIS, whose members hope to nullify the Trump administration’s Section 232 tariff on imported steel. Trade issues impacting Canada, Vietnam, China, and the WTO are also covered, as well as recent US visa restrictions. The weekly trade report by L.C. […]
US threatens WTO existence but punts on auto import tariffs
Bloomberg News carried an explosive account of a November 12th meeting of the World Trade Organization Committee on Budget, Finance & Administration at which the US raised “the possibility of blocking the approval of the institution’s biennial budget and effectively halting its work starting next year.” If a budget isn’t approved by consensus of the […]
