Trade correspondent L.C. reports: Congress is weighing in on the Huawei situation, exerting pressure against the possible easing of US government restrictions on the company and against the President using it as a bargaining chip in trade talks with Beijing. In fact, some in Congress and beyond think the Administration erred in not destroying China’s […]
2018 in trade: China on defensive; TPP-11 underway
The year 2018 is ending with the Trump administration having usefully set China’s hostile trade policy back on its heels but only at considerable cost to US exports – a cost that could been avoided by concerting the anti-China measures with its EU and Japanese allies from the beginning. It is also the 20th anniversary […]
Agreement with Mexico but unity vs China pending
Trade correspondent L.C. reports: As expected, the US and Mexico this morning announced agreement on a trade deal which, if Canada accepts, will constitute NAFTA 2.0. “But a number of key factors remain unresolved in Trump’s effort to replace the North American Free Trade Agreement — the biggest among them whether Canada will sign on […]
US should punish China for killing Qualcomm-NXP merger
The US should punish China for preventing Qualcomm, a premier US chip company, from acquiring NXP, a Dutch company that manufactures a noncompeting line of chips. The merger had been approved by eight other key jurisdictions around the world; China was the only remaining holdout. The Chinese government pretended that it was killing the merger […]
NAFTA deadline looms, President flips on ZTE, Congress mulls defenses
May 14th. Trade correspondent L.C. reports: NAFTA Important developments in the NAFTA renegotiation took place this week: House Speaker Paul Ryan (R-WI) announced that he considers May 17th the final day on which the Administration can notify Congress that it has essentially finished the renegotiation and intends to sign the agreement — if the current […]
