The services pact should benefit the US, which is the world’s largest exporter of services. Meanwhile, the US, EU, and Japan are discussing ways to counter at the WTO the market-distorting practices of non-market economies — namely, China’s. Separately, the US and EU are also holding discussions on strategic cooperation in the Indo-Pacific region, where […]
Biden vs Canada; AMLO vs the US
World trade and the Indo-Pacific aside, the Biden administration has problems closer to home. It has taken actions against Canada that hurt both that country and the US, and it is facing damaging actions not of its doing from Mexico’s authoritarian leftist president AMLO. The November 29th, 2021 trade report with L.C. On November 26th, […]
Biden admin dysfunctional trade policy finds few amigos abroad or at home
* Raimondo-Tai talk-talk team does Tokyo. * US thinks WTO’s pro-EU ruling on olives is the pits. * Bipartisan USCC issues to Congress its hardline annual report on China. * The WTO’s annual report emphasizes that the highly connected global economy “has made the world more vulnerable to shocks… but also more resilient to them […]
White House contemplates new Section 301 action against China
The Biden administration would target Chinese industrial subsidies rather than the intellectual property theft and forced technology transfers the Trump administration opposed. The weekly trade report with L.C. The Biden administration is considering initiating a new Section 301 – unfair trade practices — investigation of China. The target would be China’s industrial subsidies, something the […]
Biden administration somersaults on TRIPS (patent waivers)
The May 3rd to May 9th, 2021 roundup of major trade developments, with L.C. The Biden administration reversed its previous opposition and endorsed the TRIPS waiver proposal for COVID-19 vaccines. The proposal, submitted to the WTO by India and South Africa last October, would waive patent protection for vaccines otherwise enjoyed by medical goods under […]
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