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Prosperity threatened by interest rates, oil, and trade wars

October 15, 2018 by Richard Schulman Leave a Comment

The Phillipines is one of a number of emerging economies threatened by rising US interest rates and unsettled trade relations

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 […]

Filed Under: Trade  Tagged: Dennis Shea, IMF, Japan, RCEP, TPP, US-China trade war, Vietnam, World Trade Organization (WTO)

Little support in private sector for administration’s escalating trade war

September 24, 2018 by Richard Schulman Leave a Comment

The administration's escalating trade war is setting back the US effort to win the fifth generation ("5G") technology race with China

Trade correspondent L.C. reports: The US has imposed the threatened third major expansion of Section 301 tariffs —  10% tariffs on $200 billion in Chinese exports to the US. China’s has responded with retaliatory tariffs that will hit $60 billion in US exports to China and take effect today, Sept. 24th. There is virtually no […]

Filed Under: Trade  Tagged: 5G, Canada, EU, Japan, Mike Pompeo, World Trade Organization (WTO)

Xi under pressure as US-China tariff standoff escalates

August 6, 2018 by Richard Schulman 1 Comment

Presidential economics adviser Larry Kudlow says US and China aren't talking at present

Trade correspondent L.C. reports: The US-China tariff standoff escalated again this week. The President on August 1st directed US Trade Representative (USTR) Lighthizer to look at the possibility of imposing tariffs of 25%, rather than 10%, on the next tranche of China imports to be subjected to tariffs. That tranche, containing thousands of products, is […]

Filed Under: Trade  Tagged: Russia sanctions, World Trade Organization (WTO), Xi Jinping

New Trump tariffs on $200 bn. of Chinese imports will hit US consumers directly

July 16, 2018 by Richard Schulman Leave a Comment

Deputy United States Trade Representative and Chief of Mission to the WTO

Trade correspondent L.C. reports: The planned Trump administration tariffs of 10% on $200 bn. of Chinese imports will hit US consumers directly — unlike the previous tariffs, which were on producer goods (steel and aluminum) and thus hit manufacturers first. The list US Trade Representative (USTR) Robert Lighthizer has prepared contains 6,031 products. The tariffs […]

Filed Under: Trade  Tagged: China, Robert Lighthizer, Trade Policy Review, World Trade Organization (WTO)

Does Trump wish to destroy the WTO? Will he heed Kudlow or Navarro?

March 19, 2018 by Richard Schulman Leave a Comment

US Trade Representative (USTR) Robert Lighthizer

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 […]

Filed Under: Trade  Tagged: Larry Kudlow, Peter Navarro, Section 232, Trans-Pacific Partnership, World Trade Organization (WTO)

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