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US Secretary of State Antony Blinken's remarks to the Australian foreign minister that the US will "not leave Australia alone on the field, or I should say alone on the pitch in the face of economic coercion from China." Trade relations between China and Australia are being reduced as Australia takes on a new role in the Indo-Pacific region.

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The USMCA agreement negotiated by president Trump between the U.S. Canada and Mexico that replaces NAFTA, win support from Republicans and Democrats in the U.S. Congress. Democrats pushing for Trump's impeachment have decided to still support passage of the USMCA, handing president Trump a victory, as they see it giving a positive benefit to U.S. workers.

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The Trans Pacific Partnership (TPP) free trade pact led by Japan and the U.S. moves to the next stage with legislation introduced by Orrin Hatch and Ron Wyden in the U.S. Congress for granting trade promotion authority to the U.S. president. This would facilitate the negotiation of an agreement leading to concessions by different countries. Talks between Japan and the U.S. intensified with the U.S. president Obama saying in his 2015 State of the Union message that China wanted to write the rules for trade in Asia, and asking why the U.S. should not work to write its own rules. Defense Secretary, Aston Carter, called it more important than another aircraft carrier. Support from Europe, India and other countries for the China sponsored Asian Infrastructure Investment Bank, as a rival to the U.S. dominated World Bank and IMF, also give urgency to the TPP. The TPP countries, Vietnam, Malaysia, Singapore, Australia, New Zealand, Japan, Peru and Chile, make up over $400 billion of about $4 trillion in U.S. trade, according to the Peterson Institute for International Economics. The TPP is now seen not just a free trade pact, but also as away to counter China's influence in Asia. Experts see the Obama administration as having bungled its handling of the Asian Infrastructure Investment Bank which the U.S. did not join, and its allies in Europe, other Asian countries including India, decided to join as founding members. Democrats in Congress led by Senator Schumer, Warren, oppose the legislation granting fast track for free trade pacts citing the loss of jobs and lowering of wages for workers in manufacturing in the U.S., with only about a dozen Democrats favoring the legislation, leading to a split in the party. Projections by Peter Petri, Michael Plummer, Fan Zhai, of the Peterson Institute for International Economics, show a net negative impact on depressed wage sectors such as U.S. manufacturing with additional $45 billion in U.S. imports and $35 billion in exports for heavy manufacturing from the TPP free trade pact, and additional $33 billion of U.S. imports and $10 billion exports in light manufacturing by 2025. Higher wage sectors such as U.S. Services including IT get a boost with additional $42 billion in exports and $ 8 billion imports. Agriculture shows insignificant gains with additional exports of $2 billion and imports of 0.5 billion. The auto and transport sector disproportionately favors Japan with $33 billion in additional U.S. imports and $8 billion in exports. ...

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The U.S. trade deficit widened sharply in March from February 2015, increasing by 43.1%, after the ending of a labor dispute at West coast ports. The deficit widened to $51.37 billion. This is more than expected from a strong dollar. This could make 1st quarter GDP figures show a contraction for the U.S. economy. Products imported from China were up 32%, compared with March 2014. Exports were up only 0.9%. Experts estimate GDP contraction of 0.4%- 0.5% for the 1st quarter 2015. In 2014 a similiar situation happened but growth was up for the rest of the year and experts see this happening again in 2015.

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Making stuff- machining and other skills -are now cool in American schools. You Tube reality show "Clash of Trades" and building up prestige of machining skills and machining jobs in the trades from a young age. Young people are getting excited about making things again.Other articles in NYT and elsewhere in media this month show how the big tech companies have become huge and  bureuacratic, so big that no one cares for the individual, its just get on with it. Computer coding jobs not just in the US but also in India are not glamorous anymore, as companies employ tens of thousands of programmers in many locations and are not responsive. 

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Apple and Microsoft make up 13.3% of the S&P 500. Apple makes up 7.1% of S&P 500. Other tech stocks such as Netflix, Google, Facebook and Amazon have lost value. Apple and Microsoft are the only two stocks that have gained ground. One has to go back to IBM and AT&T in 1978 to see two stocks with a significant share in the S&P 500. During the banking crisis Apple and Microsoft have acted as havens in the stock markets. Both energy and banking stocks have lost value. Tech stocks lost value in 2022 and are regaining some ground.

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How other nations will negotiate such as EU, Japan and South Korea, which are allies of the US to reach trade agreements remains unknown with the ITT ruling. Will it have an effect, or will other nations recognize that DJT will pursue the Nation's interest in avoiding dangers of $1 trillion trade deficits and loss of manufacturing knowhow to other nations. As DJT has the option to issue tariff orders under other legal authorites which have firm footing such as Sections 301 of Trade Acts which were used in the first term.

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For the first time a senior figure in Beijing tells why China rejected a U.S. offer for a deal in May 2019. Mr. Trump said at the time that China withdrew its agreement on the deal after initially agreeing to it, creating a lack of trust. 

Senior economic official Li Deshiu says "it was a wholly unfair treaty that seeks to colonize China's economy. If this is accepted it is giving up China's development path, giving up China's rights for development, and making China a vassal of the U.S."

He says the trade war is a broader U.S. strategy to limit China's development in key industries. This is the Chinese perspective on the situation which was not stated in clear terms but alluded to till now.

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A revised pact with Columbia will require that Columbia revise its laws to include specific protections for union leaders, activists and workers trying to organize or form a union, and protect aginst actions that adversely affect fundamental workers' rights. This is meant to take into account a history of violence against labor organizers in Columbia, and to make the trade deal with Columbia more acceptable to U.S. unions. This also makes it possible to move forward with passage of the free trade agreements with S. Korea and Panama.

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Wang Xiaohong, head of public security joins a team led by vice premier He Lifeng, for China's talks with Treasury head Scott Bessent, and Jamieson Greer USTR. The talks are held in Switzerland and include fentanyl as a top topic. The US has called its tariffs fentanyl tariffs on China for lack of the necessary action to stop flow of fentanyl from China to the US. Progress will depend on action on this issue and discussion of other trade issues that cause the lack of a level playing field for the US in trade with China.

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The Biden administration had asked the Saudis to hold off till the next meeting of OPEC+ before making production cuts, or at least wait for 1 month. The Saudis went ahead with the production cuts even though the UAE,Kuwait and Iraq agreed with the US, and only supported the Saudi decision for unanimity within OPEC+. It comes only months after president Biden visited Riyadh.

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China build its solar industry with huge subsidies, the US did not. From 2018 to 2022 the US solar industry suffered with lack of help from the US government under the Trump administration and the first year of the Biden administration. 30 US based solar companies shutdown in a bloodbath and many jobs were lost. Enter the climate law in 2022 under president Biden and in 2023 the US investment in solar reached $8 billion, three times what it was in the previous 6 years. 

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 President DJT has several options after SC Tariffs decision -Sections 122 Trade Act of 1972 has 150 day limit and 15% maximum tariff rate, and Sections 232 and 301 of the Trade Expansion Act of 1962 is specifically designed for China and countries with high trade deficits. DJT pointed out at the press conference following the Supreme Court decision pointed out that he had these options at the beginning in April for tariffs. He chose IEEPA instead because the other options required work that would take several months showing the unfair treatment of the US by other nations. It is likely that the president used IEEPA for speed yet kept open the options to replace it with the option that would work best. The new studies will have been started much earlier in 2025 so that the president can introduce all his tariffs under new arrangements. Another aspect of this is that the president has negotiated Free Trade Agreements with most of the nations that are large trade partners from India, China, Vietnam, South Korea, Japan to UK, EU, Germany, France with the idea of boosting the US economy with tariffs of 10-15%. ...