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US Subsidiary of South Korea’s LG Will Increase Washing Machine Prices Due to US Tariffs

The US subsidiary of South Korea’s LG Electronics warned retailers on Wednesday that it will raise prices of its washing machines following import duties imposed by the Trump administration this week. It was the first concrete reaction to the trade measures announced this week that have angered US trading partners….

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U.S.-China Trade Deficit Heads for an All-Time High for 2017 as Trump Tells Xi Arrangement ‘Not Sustainable’

By Robert Romano   Once December’s numbers come in, the U.S.-China trade in goods deficit will likely hit an all-time high in 2017 at more than $370 billion, according to U.S. Census data, as President Donald Trump told Chinese President Xi Jinping in a recent phone call that the arrangement is…

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Commentary: Time for China, Japan to Join ‘Developed’ Nations at WTO

By Robert Romano   China ($11.2 trillion) and Japan ($4.9 trillion) combined make up 21 percent of the world’s Gross Domestic Product, according to the World Bank, having benefited from preferential treatment in global trade deals, and are still being treated as “developing” nations under world trade rules. At institutions such…

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