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 […]
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. […]
China’s phony data and treaty unreliability
The weekly trade report — by Trade Correspondent L.C. One of the few growth industries in China now are the private start-ups selling accurate reports on the Chinese economy to business customers. The government reports have been found useless for business planning. Today’s Wall Street Journal gives front page coverage to how the Chinese Communist […]
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 […]
Trump’s trade agreements antagonize allies but are mostly PR
Trade correspondent L.C. (supplemented by a late-breaking addition): As we went to press, Bloomberg issued the following report on the just-concluded US-Canada agreement to continue NAFTA: “Globalists Will Love Trump’s New Nafta Deal. Despite the fanfare, the agreement doesn’t change much. “For the group of people meant to be enemies of President Donald Trump’s trade […]
