Recent Posts

Trump offers Brexiters a big trade-shaped gift

US Trade Representative Robert Lighthizer has sent a gift to Brexit supporters. His letter notifying Congress that the Trump administration plans to seek a “cutting-edge” free-trade deal with the UK was music to the ears of those who have long argued that leaving the European Union will allow Britain to pursue an ambitious policy of bilateral trade deals. Getting such ...

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China’s machine makers look for a scapegoat

For all the talk of China’s industrial ambitions and trappings of dominance, the truth is its companies can’t keep up with the competition. China’s Ministry of Commerce opened an anti-dumping investigation into Japanese and Taiwanese exporters of vertical-machine centers – core-equipment manufacturing facilities for autos and other high-tech processes – after complaints by a group of Chinese companies. The probe ...

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Greece is actually trapped in its banking crisis

If you thought Greece’s ordeal was over, think again. Months after exiting its international rescue program, the country faces renewed trouble in its banking system. There is no easy fix: money is short and investor patience thin. But it looks increasingly like the gradual approach pursued by Athens and the euro zone authorities is running out of steam. Lenders still ...

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