President Trump announced 25% steel tariffs and 10% aluminum tariffs in the name of military security. The tariff announcement will freeze US investments, split Republicans, hurt US allies (especially Canada), and boost the influence of China as an economic, diplomatic, and military power. The Trump tariffs, however, have near unanimous Democratic Party support. A U.S. […]
Despite export boom, US tax cuts and deficit will increase imports over exports, threatening ill-considered administrative protectionism
Trade correspondent LC’s weekly report The probability that the trade deficit will continue to grow presents a danger for US trading partners. The recent US tax cuts and government spending hike will likely increase US demand, keeping US savings lagging consumption and attracting even more imports, pushing the trade deficit up. Strong demand abroad should […]
Canada files with WTO a global attack on US unfair-trade laws
Weekly trade report for Jan. 8-14, 2018 by L.C. Canada has filed a new World Trade Organization (WTO) complaint against the US that is stunning in its scope. It targets in detail the way the US implements its unfair-trade laws, enumerating many practices that are at the core of US trade-remedy measures but that allegedly […]
