Donald Trump admitted on April 12 that he had no plans to honour public commitments he had repeatedly made to deal with the “currency manipulation” he insisted China was practising.
Brexit and the Trump Revolution are often linked. What really unites them is the extraordinarily uncommercial attitude many of their politicians are taking to what real businesses want.
A late March Report from the office of the US Trade Representative gives an extraordinary insight into the self-centred paranoia of the current US Administration.
Donald Trump has now approached Democrats for support in introducing border taxes, the Rupert Murdoch-owned The Times claimed on March 30. But Commerce Secretary Wilbur Ross said on March 31 that Trump’s still undecided.
Donald Trump will sign during March 31 two Executive Orders
Activists continue to investigate what lies behind the Trump Administration’s inactivity over its promises on China.
Tadashi Yanai, chairman and president of Fast Retailing, said on March 28 that there is “no chance” of US production for the company – probably the first time any Top 20 global apparel retailer has come out and denied the possibility of US production.
If the US Adminstration ever starts doing anything about its trade ideas, Democrats are beginning to produce ideas for how they might influence policy.
“We will continue with tax reform,” said Paul Ryan, Republican Speaker of the US House of Representatives at a March 24 press conference after the Republicans had lost their attempt at repealing the Obama-era healthcare system. “I spoke with the president, the Treasury secretary, his economic advisers earlier today about tax reform. So we are going to proceed with tax reform.”
Reports in the specialist global trade press on March 22 indicated that the US Senate will not accept notice of the start of NAFTA renegotiations until President Trump’s US Trade Representative (USTR) nominee, Robert Lighthizer, has been confirmed.
A list of “model elements in trade deals”, produced by the White House National Trade Council Director Peter Navarro appears to have now grown to a “non-exhaustive” list of 24 items.
Though the EU-US TTIP agreement is widely thought to be “in the freezer”, evidence given to confirmation hearings by Robert Lighthizer, Donald Trump’s nominee for US Trade Representative, seems to indicate the US Administration is still open-minded about its future.
The Trump by the end of March began airing real plans that could result in new policies. In almost every case, later than planned, and never unanimous.
German Chancellor Angela Merkel will tactfully threaten Donald Trump with av range of punitive measures if he continues to plan anti-German trade moves, a leaked German government briefing paper published in the March 10 edition of Der Spiegel has reported.
Few observers have high expectations for a March 14 summit in Chile of the countries that had been negotiating the Trans Pacific Partnership until Donald Trump pulled the US out.