Trade policy is likely to change if Joe Biden is confirmed as president-elect but probably not as much as free-trade advocates had been hoping. The weekly trade report with L.C. On Saturday morning, Nov. 7th, the Associated Press took it upon itself to declare Biden to be US president-elect. The AP, a left-wing news organization, […]
Senate grills Lighthizer over Bolton book charges
The weekly trade report with L.C. During his annual testimony to Congress on June 17th, USTR Robert Lighthizer was put on the defensive by questions citing former National Security Advisor John Bolton’s newly published book. The Bolton book charges that the President’s interest in a trade deal with China was driven more by 2020 re-election […]
President and Navarro against tariff relief as stimulus
The weekly trade column with correspondent L.C. Both President Trump and his trade adviser Peter Navarro are against the use of tariff relief as a stimulus to stem the economic decline that the coronavirus epidemic has caused. After the president dismissed the mounting number of demands for removing his unilateral tariffs, late on March 20th […]
Prosperity threatened by interest rates, oil, and trade wars
by Trade Correspondent L.C. — The world economy faces three principal threats at the moment: Rising interest rates, endangering those emerging economies with heavy debt burdens; Possible Saudi-triggered oil price increases in the wake of the Khashoggi affair; and Ongoing trade war among the US, its allies, and China. Regarding the US-China trade war, while […]
US rejoining TPP to counter China is desirable but won’t be easy
Trade correspondent L.C.’s weekly report follows President Trump re-stated this week his interest in taking a second shot at joining the Trans-Pacific Partnership (now called the Comprehensive & Progressive TPP). One of his first acts as President was to withdraw from the TPP negotiations. The administration’s new rationale for joining the TPP is that it represents […]
