The gap between Donald Trump’s trade rhetoric and what the US government actually does is now so extreme the industry needs to reconsider the real significance of his bluster.
Donald Trump’s promised tax reform plan turned out on April 26 to be a content-free, single-sided, list of aspirations. The list made no mention of border taxes.
Donald Trump revealed he plans to announce major tax cuts by the end of April – but most commentators believe his announcement must delay any talk of border taxes.
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
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.
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.
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.
Before a March 14-15 meeting in Chile planned to review next steps after US withdrawal from the TPP, other negotiating partners – plus China, Korea and Colombia – shared views on future possibilities.
A March 10 article in the Financial Times, generally reflecting much other comment, claims US officials dealing with trade are engaged in a “civil war” with each other.