The weekly trade report with correspondent L.C. After berating Japan for “it” in the 1980s and China for “it” during the past decade, Congress and the White House have decided to join the party of sinners — “it” being industrial policy. This is a really sexy new idea — only four centuries old. In the […]
Africa, Ecuador should repudiate Chinese debt
by Richard Schulman Ecuador and many countries in Africa are groaning under Chinese debt. They cannot pay this debt back because the world economy has collapsed into severe recession caused by the Chinese Communist Party (CCP) lies and delays that turned the local Wuhan virus into a world pandemic. These countries and many others should […]
US and China back to ‘Go’ as EU forges new trade deals
by Trade Correspondent L.C.: Presidents Trump and Xi Jinping met on June 28th on the sidelines of the G20 Summit in Osaka and agreed to a tariff standstill and resumption of trade talks. The new engagement doesn’t come with any clear instructions for reaching a successful outcome; the move is seen as a buying-time exercise. […]
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 […]
