A potential tariff war with an important US trade and strategic partner has been avoided. The July 19th to July 25th, 2021 roundup of major trade developments, with L.C. The Section 301 case targeting Vietnam for currency manipulation has been concluded – amicably, without the imposition of new US tariffs. When the US Trade Representative […]
Commerce Secretary nomination rounds out Biden trade team
Commerce to get moderate Democrat Gina Raimondo as head. Trump admin pulls back on digital services tax retaliation but may rush, despite business opposition, last minute sanctions on Vietnam. China tech sanctions are levied by administration but NYSE fumbles. India is criticized at WTO for harmful tariff barriers and poor IP protection. The weekly trade […]
Xi’s Plan for Full Control of Private Sector
In China, the dictatorship marches on. The US president and House prepare countermeasures to secure critical supply chains, but the administration is still harrying allies including Canada, the EU, Vietnam, Mexico, and the WTO. The weekly trade report with L.C. Chinese Communist Party Secretary-General Xi Jinping is promoting even greater Chinese Communist Party (CCP) control […]
In lumber dispute, WTO sides with Canada
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 […]
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. […]
