Trade correspondent L.C. writes: The US confrontation with China ratcheted up on July 6th with the imposition of 25% tariffs on $34 billion in Chinese exports to the US. China immediately responded, as expected, by imposing 25% tariffs on $29.6 billion in US exports. The US tariffs were imposed under Section 301 of its trade […]
President Trump refutes “big bark, little bite” predictions; angers allies
Trade correspondent L.C. reports: US trade policy announced over the past week has answered the key trade question of the past sixteen months of whether President Trump is “big-bark–little-bite” and would ultimately back off from acting on his protectionist trade policy preferences and his peculiar understanding of how the trading economy works: No. Mexico, Canada, […]
Does Trump wish to destroy the WTO? Will he heed Kudlow or Navarro?
Correspondent L.C.’s weekly trade report which follows is likely the most comprehensive such report available on the internet without charge to readers. Beyond the tariffs President Trump is imposing on steel and aluminum and intends to impose on Chinese exports, the US press reports that he is serious about wanting to rearrange US trade relationships so […]
Tariff exclusions create complications for Trump and Republican allies
Our trade expert L.C.’s weekly trade report follows: President Trump’s March 8th proclamations of tariffs of 25% on steel and 10% on aluminum — but with tariff exclusions for Canada and Mexico — have created considerable political and economic complications for the President and his Republican allies. Trump issued the proclamations under Section 232 of […]
School schootings, SpaceX reactions, trade war threat
Three important developments clamor for discussion since our previous issue: the policy recommendations, foolish and sound, in the wake of the Parkland, FL school shootings; the delayed reactions to the successful flight of the SpaceX Falcon rocket; and the trade war threat of the Commerce Department’s recommendation for steel and aluminum tariffs and import quotas. […]
