Former U.S. trade representative Ambassador Robert Lighthizer views the decades of U.S. trade deficit with China as a “wealth transfer.” In his recent interview with EpochTV’s “American Thought Leaders” program, he outlined a playbook to beat China at its own game through strategic decoupling, very much the same thing China has been doing to the…
Trump’s Trade Chief Lays Out Plan to Beat China at Its Own Game
July 24, 2023
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DeSantis Supports Revoking China’s Trade Status
WASHINGTON—Republican presidential candidate and Florida Gov. Ron DeSantis said on Sunday he would take steps to revoke China’s permanent normal trade relations status if he won the 2024 White House race. “I favor doing that. I think we probably need Congress but I would take executive action as appropriate to be able to move us…
Delegation of Canadian MPs Meets Taiwan’s President Tsai for Trade and Security Talks
A delegation of Canadian MPs that traveled to Taiwan met with President Tsai Ing-wen on July 6 and discussed strengthening trade and security partnerships between the two nations. Ms. Tsai welcomed the parliamentary delegation, led by Conservative MP Melissa Lantsman, who is also deputy leader of her party, at the Taiwan Presidential Office. Other members…
Canadian Parliamentary Delegation Meets With Taiwan’s President for Trade and Security Talks
A delegation of Canadian MPs who travelled to Taiwan met with President Tsai Ing-wen on July 6 and discussed strengthening trade and security partnerships between the two nations. Ms. Tsai welcomed the parliamentary delegation, led by Conservative MP Melissa Lantsman, the party’s deputy leader, at the Taiwan Presidential Office. Other members of the delegation included…
‘Three Amigas’ Meet in Cancun to Review Ongoing Trade Agreement Between Canada, Mexico, US
Three government representatives from North America’s trading partners are in Cancun, Mexico, for two days to discuss trade agreements. Canada’s International Trade Minister Mary Ng is meeting with Mexico’s Economy Secretary Raquel Buenrostro and U.S. Trade Representative Katherine Tai to review the last three years of the U.S.–Mexico–Canada Agreement (CUSMA), a trade agreement between all…
Biden’s Weaponizing the Dollar Against Russia Has Backfired
July 3, 2023
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Commentary In the full panoply of the Biden administration’s foreign policy errors aned gaffes, perhaps none was so stupid as its failed attempt to weaponize the dollar—the world’s reserve currency—against Russia for its invasion of Ukraine. It’s telling that during World War II, neither the United States nor the United Kingdom—when the British pound sterling was…
US Goods Trade Deficit Narrows; Retail Inventories Rise
WASHINGTON—The U.S. trade deficit in goods narrowed in May as imports fell, but the improvement was probably insufficient to prevent trade from being a drag on economic growth in the second quarter. The hit from trade on gross domestic product was, however, likely to be offset by a rise in inventory investment, with the report…
ANALYSIS: How the Pandemic Impacted Trade Between the US and Mexico
Officials and experts along the U.S.-Mexico border said that over $1 trillion worth of trade a year between the two countries has finally recovered after taking a hit during the COVID-19 pandemic, with many manufacturers relocating to Mexico, where they export goods to the United States. During the pandemic, from 2019 to 2020, the value…
Australia Willing to Walk Away as EU Trade Negotiation Stalls
The Australian government has expressed that it will stop pursuing a free trade agreement with the European Union (EU) if the deal is not in the country’s national interest. This comes after Trade and Tourism Minister Don Farrell returned from his recent trip to Belgium to negotiate the trade deal. The EU has demanded Australia…
‘Worsening’ Trade Could Adversely Affect US GDP as Deficit Jumps to Highest Level in Six Months
The U.S. trade deficit rose in April to widen to a six-month high, potentially affecting second-quarter GDP growth. The trade deficit for April 2023 rose by $14 billion, to $74.6 billion, according to a June 7 news release from the Bureau of Economic Analysis (BEA). This is 23 percent rise from March’s $60.6 billion deficit…
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