Jimmy Carter: Trump is right. Canada’s lumber trade practices are unfair.

I agree with the recent decision of the White House and the Commerce Department to impose anti-subsidy duties against Canada’s unfairly traded softwood lumber imports.   [Jimmy Carter] May 9th, 2017 [The Washington Post] This belated enforcement of U.S. trade laws will help millions of private timberland owners, American forestry workers and members of their local communities by leveling the playing…

What China Really Wants: ‘Free Market’ Status

Is China a market economy? At first glance, given the pervasive — and, in fact, growing — role of the state in every aspect of Chinese industry and finance, the question seems inane. Of course it isn’t. [Alan Tonelson] May 2nd, 2017 [LifeZette] The Trump administration is expected to make this obvious truth the official policy of…

South Korean crony capitalism under fire

Forget Machiavelli, or “Game of Thrones.” When it comes to staying in power, South Korea’s richest business clans have the game plan down. [Jonathan Soble, Jeyup S. Kwaak & ChoeSang-Hung] May 8th, 2017 [The New York Times] There is the charity maneuver, in which family members park their stakes in their business empires in philanthropic nonprofits,…

Commerce secretary warns Canada against ‘retaliatory action’ on lumber tariff

Secretary of Commerce Wilbur Ross on Saturday doubled down on the imposition of tariffs on Canadian softwood lumber, saying they were not based on “political considerations” and that “threats of retaliatory action” are “inappropriate.” [REBECCA MORIN] May 6th, 2017 [Politico]  “The Department of Commerce’s recent preliminary decision to impose tariffs on Canadian softwood lumber was…

How Mexico’s Unions Sell Out Autoworkers

Wage contracts are inked years before plants open and workers never get a say. At a ceremony at Mexico’s Los Pinos presidential residence in July 2014, BMW Chief Executive Officer Harald Krüger pledged to spend $1 billion to build a factory in the northern state of San Luis Potosí that will employ 1,500 workers. To…