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.
US Trade Representative Robert Lighthizer on May 17 formally notified Congress of the administration’s intention to renegotiate the North American Free Trade Agreement with Canada and Mexico.
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.
Donald Trump’s team during April began announcing practical programmes for dealing with the trade issues they’d previously been merely vocal about:
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.”