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 […]
Modest trade policy changes expected if Biden elected
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, […]
USMCA puts US under UN
The Weekly Trade Report – by L.C. The USMCA may move soon to a vote on the Senate floor, but the National Taxpayers Union (NTU) writes that “North American trade policy is too important to rush.” Congressional leaders leading the stampede are behaving like “timeshare salesmen…in trying to create a sense of scarcity and urgency […]
