Listen to two perspectives on current trade issues: Trump’s imposing of tariffs on Brazil-Argentina steel imports & China phase 1 trade deal deadline
And in latest development, watch for Trump’s decision Thursday, December 12, on whether he’ll raise additional $160B in tariffs on China consumer goods imports to the US, due December 15, or whether he’ll postpone the deadline another 60-90 days. US Trade team continues to be split on further tariff increases: anti-China neocon, Navarro, wants Trump to add $160b more–this time on consumer goods. Treasury Secretary Mnuchin doesn’t. Kudlow goes with whatever Trump decides. Lighthizer will follows the interests of the US military lobby. Trump will decide which way tomorrow. In the past always deferred to Navarro-Lighthizer (May 2018, May 2019, August 2019) scuttling pending agreement with China. Will he do it again? Or postpone December 15 deadline for another 60-90 days. If more tariffs, watch the stock market contract friday or monday. (My bet: 60-40 he’ll extend the deadline).
To listen my two interviews on the Critical Hour radio show
GO TO
https://drive.google.com/file/d/1_93AHxAamSGyWEbc9rFKY_ushtJvGM48/view
and TO:
https://drive.google.com/file/d/1HsSn_ybFZ3fXJ-ANP7ebGuREMTn8P5Bh/view
(Coming next: radio interview on the USMCA treaty (NAFTA 2.0) just signed off by the Democrats and Trump)
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