Trade correspondent L.C. writes: China is reportedly prepared to offer to boost imports from the US by one trillion dollars. This would supposedly correct the entire bilateral trade imbalance by 2024 . Is China’s offer to be taken seriously? Any pledge by Beijing to increase imports runs up against a tough reality — the slowing […]
Trump’s trade agreements antagonize allies but are mostly PR
Trade correspondent L.C. (supplemented by a late-breaking addition): As we went to press, Bloomberg issued the following report on the just-concluded US-Canada agreement to continue NAFTA: “Globalists Will Love Trump’s New Nafta Deal. Despite the fanfare, the agreement doesn’t change much. “For the group of people meant to be enemies of President Donald Trump’s trade […]
China retaliates against US with tariffs hitting Midwest farmers
Founders Broadsheet trade correspondent L.C. reports: Late Sunday April 1st, China announced that effective immediately it will be imposing tariffs of 25% on eight US exports, including pork, and 15% on one hundred and twenty other US exports, including fruits. This is China’s response to President Trump’s Section 232 (defense-related) steel and aluminum tariffs announced […]
Transpacific Partnership now live — minus US. Trump on protectionist drive?
Weekly trade report by L.C. Late breaking item! As we went to press, Canada’s Prime Minister Trudean announced that Canada had accepted joining the Transpacific Partnership (TPP-11). It’s now live — without the U.S. This is a major world trade development that will put much pressure on the US, especially its crucial agriculture sector. Yesterday […]
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