I’m joined by Brian McCarthy, founder and chief strategist for Macrolens. McCarthy is a regular traveler to China, and his interactions on the mainland shaped his views of the financial risks in the Chinese market. Macrolens is a provider of independent macroeconomic research dedicated to helping investors better understand the Chinese macroeconomy. Brian has testified…
China Attempts to Work Out Capitalist Problems With an Authoritarian State Control: Brian McCarthy
April 5, 2022
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New US-UK Trade Accord Rolls Back Trump-Era Tariffs
March 22, 2022
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The United States and Britain struck a trade deal on Tuesday to lift American tariffs on British steel and aluminum, while the U.K. will remove levies on U.S. motorcycles, whiskey, and tobacco. Britain will be able to ship “historically-based sustainable volumes” of steel and aluminum goods to the United States starting June 1 without tariffs…
Beijing’s Failure to Meet ‘Phase 1’ Pledges, Ongoing Trade Abuses Call for New US Policy: Experts
Beijing’s marked failure to meet its promises under the “phase one” trade deal signed in January 2020, and its ongoing flouting of World Trade Organization (WTO) rules and guidelines, call for a shift in how the United States and aligned nations approach commerce with the vast markets of China, experts said. Under the agreement, China…
China Failed to Meet ‘Phase 1’ Trade Deal Commitments: US Trade Official
U.S. Deputy Trade Representative Sarah Bianchi has raised concerns at a Washington trade conference about the Chinese regime’s failure to honor its commitments under the “phase one” trade deal signed in January 2020. Under the agreement, which expired at the end of 2021, China promised to ramp up purchases of U.S. energy, agricultural, and manufactured…
South Korea Applies To Join Pacific Trade Partnership, Reducing Trade Reliance On China
South Korea’s finance minister said the country would begin an application to join a massive Asia-Pacific free trade deal before the end of President Moon Jae-in’s term in office. The trade deal could boost South Korea’s multilateral trade within the region and reduce its import reliance on China. The “Comprehensive and Progressive Trans-Pacific Partnership Agreement”…
China Presses US to Cancel Tariffs in Virtual Meeting
October 9, 2021
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China’s top trade negotiator Liu He pushed his U.S. counterpart Katherine Tai to cancel trade tariffs in a virtual meeting on Oct. 9 as the world’s biggest economies kick off negotiations following a lengthy break. During the virtual talk, the Chinese side “negotiated over the cancellation of tariffs and sanctions, and clarified position on China’s…
New US-China Trade Plan Leaves Industry Hungry for Specifics
October 5, 2021
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WASHINGTON—Having waited eight months for U.S. Trade Representative (USTR) Katherine Tai’s promised “top-to-bottom” policy review of trade with China, some U.S. industries and experts were complaining about the plan’s lack of specifics on negotiations or timing. Unveiling her plan on Monday, Tai, President Joe Biden’s top trade official, pledged to hold talks with Chinese officials…
China and US Corporate Hypocrisy
Commentary The U.S. Business Roundtable, the Chamber of Commerce, the American Farm Bureau, the Semiconductor Association, and several other major U.S. business groups have just asked that President Biden reduce U.S. tariffs on imports from China and negotiate a new trade deal with Beijing. These groups explain that they are making this request because the…
Scottish and Northern Irish Ministers Raise Australia Deal Concerns
Rural affairs ministers from Scotland and Northern Ireland have written to the UK government with concerns about the Australia trade deal. In a joint letter to International Trade Secretary Liz Truss, the two administrations say the deal risks having a disproportionate impact on domestic farmers and producers. Prime Minister Boris Johnson and his Australian counterpart,…
Australia, Britain Reach Free Trade Deal to Cut Many Tariffs
LONDON—Britain and Australia announced the broad outlines of a free trade deal Tuesday, eliminating tariffs on a wide range of goods as the UK seeks to expand links around the world following its exit from the European Union. The pact is expected to boost exports of traditional British products such as Scotch whisky, while boosting…
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