USMCA Renewal in Focus as US Hits Canada with New Tariffs

USMCA – Canada Officially Requests Renewal as U.S. Triggers Forced Labor Protection Tariffs

USMCA – Canada Officially Requests Renewal as U.S. Triggers Forced Labor Protection TariffsSundance – A rather ironic sequence of events as Canada formally requests to renew the USMCA (CUSMA) trade agreement for 16-years, followed a day later by the U.S. announcing additional tariffs toward 60 countries including Canada.

On Tuesday, Dominic LeBlanc, the trade minister from Canada assigned to USMCA negotiations, traveled to Washington DC for a meeting with U.S. Trade Representative Jamieson Greer.

LeBlanc, reflecting the obtuse nature the Canadian trade delegation is now well known for, seemed oblivious to the friction points in the U.S. position and formally requested the trade deal be renewed for another 16 years. {Citation}

LeBlanc called the agreement “highly beneficial” to all three countries. From the Canadian position this may be true, but that’s not even remotely what the U.S. team has presented in private and public comments. Continue reading

Zelenskyy’s Chief of Staff Yermak: From Power Player to Courtroom

Zelenskyy’s Chief of Staff Andrey Yermak Appears in Court to Face Stunning Charges of Corruption and Money Laundering

Zelenskyy’s Chief of Staff Andrey Yermak Appears in Court to Face Stunning Charges of Corruption and Money LaunderingSundance – Andrey Yermak is not just some random high-level government official in Ukraine. Andrey Yermak was President Zelenskyy’s right hand, chief of staff, organizer of the functions of Ukrainian government and the guy who controlled the systems that keep all other government officials working on the agenda of the President.

If you took Susie Wiles and Marco Rubio’s responsibilities and combined them into one job function, that would be the scale of importance and influence that Andrey Yermak controlled inside the Ukrainian government and the office of President Zelenskyy.

Today, following an explosive criminal corruption charge that surfaced less than 36 hours ago, Andrey Yermak appears in court to face charges of corruption, theft and money laundering. Yermak was under investigation for his role in theft through the energy sector and now stands accused of using construction projects near Kiev as a tool to launder money to himself and other high-level government officials. Continue reading

Fed Power & Its Role in Shaping America’s Wealth Gap

Jerome Powell and So-Called ‘Fed Independence’

Jerome Powell and So-Called 'Fed Independence'Brian Wesbury – Jerome Powell is finished as Federal Reserve Board chairman, but he has time left in his term, so he is sticking around. He would be only the third chair in history to stay, and he says, “My concern is legal attacks on the Fed, which threaten our ability to conduct monetary policy without considering political factors.”

Cry me a river. So-called “Fed independence” has morphed from an arcane academic argument into dinner-table talking points. Apparently, the Fed wants to be left alone to do whatever it wants. Unfortunately, in the past 18 years, Fed policy has had more impact on the political environment than it likely ever has. Continue reading

Time to Stand Firm: Why US Returns to 25% Auto Tariffs

9 Months, 0 EU Compliance: Trump Was Right To Restore Auto Tariffs On The Europeans

9 Months, 0 EU Compliance: Trump Was Right To Restore Auto Tariffs On The EuropeansAlexander Muse – Imagine signing a contract to sell your house. The buyer takes the keys on closing day, moves in, and starts using the place. Then, six months later, you discover the buyer never actually transferred the money. Worse, the buyer’s lawyers have quietly rewritten the purchase agreement to add an expiration date, so that if you complain, the whole contract simply dissolves and the buyer keeps the keys for free. You would not call this a misunderstanding. You would call it a swindle, and you would expect the law to give you your house back.

That, in essence, is what Brussels has just attempted to do to the United States, and President Trump’s decision to return auto tariffs to 25% is the legal and moral equivalent of changing the locks.

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Belt and Road Explained: China’s Secret Strategy for Power

Beijing’s Quiet Empire: How Belt And Road Rewrote The Rules Of Conquest

Beijing’s Quiet Empire: How Belt And Road Rewrote The Rules Of ConquestAlexander Muse – Consider the moment a sculptor finishes her work and holds the statue aloft. We can describe what she holds in many ways. It is clay, it is a statue, it is a commodity, it is an investment. The description we choose depends on the question we are asking. Something similar happens when we try to describe what China has built over the past decade under the Belt and Road Initiative. Is it aid? Is it commerce? Is it strategy? Is it empire?

The temptation is to insist on one answer and dismiss the others. The more honest approach, and the one I want to defend here, is that the BRI is best understood as a modern form of imperial power, provided we are careful about what that phrase means and what it does not mean.

The careful version of the claim matters, because the careless version invites easy refutation. No one thinks Beijing is building 19th-century colonies. No one thinks Chinese governors are being installed over the parliaments of Sri Lanka or Kenya. No one thinks the People’s Liberation Army is raising flags over annexed provinces in Southeast Asia.

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