• Canadian Pacific and Kansas City Southern railroads agree to merge, forming “first USMCA railroad network”; • HUGE proposal for Honduras, Guatemala, and El Salvador would provide home country jobs, relieve US border crisis; • US farmers taking big export hit from US dropping out of Trans-Pacific Partnership; • US Trade Representative Katherine Tai is […]
Administration’s trade and currency policies are contradictory
by Trade Correspondent L.C. In this odd week for US-China ties, President Donald Trump formally accused Beijing of being a currency manipulator while also calling for the US to manipulate the dollar lower. This raises the question of whether the Trump Administration will directly intervene in the currency markets to devalue the dollar. That’s something […]
Republican congressmen fear losing races because of trade war impact
Trade correspondent L.C. reports: President Trump says he is about to impose $200 bn. in new tariffs on the next tranche of targeted Chinese exports, though the interest rate may be 10%, not the 25% earlier contemplated. Nevertheless, Washington appears to be wary of the response — Chinese and domestic — to new US tariff […]
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 […]
Important news: President Trump is considering rejoining the Trans-Pacific Partnership
The most important news of the day is that President Trump said he is considering rejoining the Trans-Pacific Partnership (TPP-11), the eleven nations that just a few days ago announced that they had secured agreement to go ahead with their trade pact. Of the US press, only the Wall Street Journal covered this major development. […]
