Running bilateral trade surplus/deficits with different countries is the way it should be. Trying to eliminate each one is simply stupid. I have a trade deficit with my grocer, a trade surplus with my employer. I am not sure it would be a great idea for me to work for my grocer.

UK wealth managers say American clients are moving money to Britain on.ft.com/42fmDWf

Three things you need to know about Liberation Day tariffs: 1. It’s not about the methodology. The formula has been widely mocked, but that misses the point. The numbers aren’t meant to hold up in a PhD defense—they’re meant to shock, to create leverage. The more extreme the

In honor of President Donald J. Trump' historic trade action, USTR is spotlighting another 10 unfair trade practices faced by American exporters. 1/10: Over 100,000 Chinese-made American flags are sold every month on just one e-commerce platform alone, resulting in $2 million in lost sales for

Some comments on what’s going on right now via ABC’s The Business this evening here Aussie time. The time to choose sides may be nigh. youtu.be/ABU9OoPJUfs?si…

Navarro says EU will need to lower its non-tariff barriers including VAT if it wants to reach a deal to lower US tariffs. EU will engage on US concerns on NTBs but a wholesale roll back of regulation on agri-food & tech or reconsideration of EU member states’ VATs is VVV unlikely

Let me be explicit on U.S.–EU relations. The EU’s proposal to establish a zero-tariff free trade zone for cars and industrial goods with the United States is a strategically sound and timely initiative. This must become the core objective of direct negotiations - focused on

To my point yesterday, prices increase, demand reduces, and US services jobs will suffer. Maybe manufacturing goes up. But the US economy goes down the value chain. And thus becomes less wealthy.

China's Position on Some Issues Concerning China-US Economic, Trade Relations. China's State Council Information Office on Wednesday released a white paper titled "China's Position on Some Issues Concerning China-U.S. Economic and Trade Relations." globaltimes.cn/page/202504/13…

‼️🇪🇺🇺🇸 Excellent interview of Ursula von der Leyen by roula khalaf Henry Foy The EU has serious leverage over Trump and the US economy despite noise to the contrary. Good the European Commission is prepared to use it “EU could tax Big Tech if Trump trade talks fail, says von der Leyen”

Scoop: The UK has signaled to the EU that it's open to accept the dynamic alignment of rules on agrifood products + supervision of the ECJ over the SPS deal it wants to negotiate. Big shift in UK position. w/Jorge Valero + Alberto Nardelli bloomberg.com/news/articles/…

#EUDR: European Commission takes action to simplify the implementation of the %EU #Deforestation Regulation. ec.europa.eu/commission/pre…

"Unless there is a Good Friday in your life, there can be no Easter Sunday." —Venerable Fulton J. Sheen #HolyWeek