According to Washington Trade Daly The United Steelworks Union has recently filed a unfair trade practices petition with the office of the US Trade Representative. The letter maintains that several Chinese policies and practices are “illegal” and threatens the U.S. economy. In particular they maintain that the U.S. alternative and renewable energy sectors are being […]
After Japan’s anemic 0.1% economic growth in the 2Q, China has now supplanted its ancient rival as the world’s second-largest economy marking another milestone in the country’s transformation from an impoverished ‘Third World’ communist state to global economic superpower, and carries with it broad geopolitical implications.
Recent news suggests that the Obama administration is once again buckling to the pressure of labor unions, this time by pursuing trade sanctions against Guatemala. Yes, Guatemala. Forget that this is the big guy beating up on the little guy, or the rich guy beating up on the poor guy, Guatemala has signed a free […]
Federal Reserve Chairman Ben Bernanke told Congress on Wednesday that the outlook for the economy remains “unusually uncertain” as the US gauge of future economic activity dropped in June, the second decline in past 3 months, suggesting the economic recovery is weakening.
Indonesia is brining a case against the United States over the ban on clove cigarettes. The Americans claim the ban is meant to improve the health of young people. The Indonesians claim it is discriminatory as the ban specifically does not cover menthol cigarettes. This might have something to do with the strong tobacco lobby […]
Last month the WTO ruled against Airbus, stating that they had illegally received loans from European governments, giving them an unfair advantage over Boeing. This decision was obviously celebrated by the Americans. As with most legal cases however, this is not the end. The Europeans will appeal the case and say they will not stop […]
The U.S. Senate this week passed a sweeping bank regulation bill that will make major changes to the U.S. financial system. The legislation cracks down on banks and Wall Street in the hopes of avoiding another major financial meltdown.
Perhaps one of the most interesting and underreported news items of the past year has been the progression of the China-Taiwan Free Trade Agreement (also know by the very Chinese sounding mouth-full of a name Economic Co-operation Framework Agreement or ECFA). It was less than twenty years ago that President Clinton had to send the […]
The last two years has been the dark ages for global trade. The combination of the economic downturn, a new American administration not inherently included to embrace free trade, and the stalled Doha Development Round has meant a lot of early night and long weekends at the World Trade Organization – nothing much has been […]
In the book, ‘This Time is Different,’ by Ken Rogoff & Carmen Reinhart of Harvard and Univ of Maryland, respectively, arrogance and ignorance has been the driving themes leading up to severe financial and economic crises over 800 years of availalble data.
The City of Toronto, Canada – a truly international destination – was undoubtly proud to be the host of the G-20 Summit this past weekend, 26-27 June. As one of the very few developed nations hit hard by the global financial crisis, Canada grasped the opportunity to spruce up its image by investing more than $1Bn […]
G-8 Leaders — composed of the world’s eight major industrialized countries, as well as representatives of the European Union and heads of state from the ten leading Emerging Nations such as Brazil, India, Mexico and South Africa, among others, discussed a wide range of challenges related to financial markets, international trade, development and global peace and stability.
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