This week’s report with trade correspondent L.C. covers US trade developments with Canada (lumber), Vietnam (tires), Brazil (steel), and Taiwan (FTA); the Republican convention; and Japan-Australia-India talks for “supply chain resilience” A WTO dispute settlement panel has found that the US erred in determining that Canadian softwood lumber was unfairly subsidized and that it therefore […]
No temporary tariff relief for now
The weekly trade report with L.C. Last Friday, March 27th, the Wall Street Journal quoted a senior administration official to the effect that “The Trump administration is preparing to suspend collection of import tariffs for three months to give U.S. companies financial relief amid the coronavirus pandemic.” Asked about this at a press conference the […]
First trade talks with China fail; Cold War the new reality
Failure of first round of US-China trade talks May 8th, based principally on L.C.’s weekly trade reporting. The good news is that the two sides agreed to continue talking. The bad news is that there was no indication from the May 3rd-4th meeting that any potential landing zones, compromises, or concessions were even discussed. Before […]
Despite export boom, US tax cuts and deficit will increase imports over exports, threatening ill-considered administrative protectionism
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 […]
