Gavin Bade
@GavinBade
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Trade and economics reporter, @WSJ. Bari sax, @futurebanddc. Michigander, DC resident, Georgetown Hoya, #LFC, #DontMuteDC. DM open.
District of Columbia, USA
Joined September 2011
Hey everyone! Today is my first day at the Wall Street Journal covering all things trade and international economic policy. Tips to Gavin.Bade@wsj.com or DM me here. Talk soon!
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FOLKS! This account (with an underscore in the handle) is NOT ME. Please don’t respond to any of its messages and do block and report it!
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Both China and US have vacillated between tough talk and de-escalation in recent days, but the rhetoric took a harder turn Tue. In the latest standoff, Beijing believes it has found US’s Achilles’ heel: Trump’s fixation on the market. W/@GavinBade
wsj.com
Chinese leader Xi Jinping thinks the president will fold before launching new tariffs that would roil markets.
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NEW: Trump changed course to a more deescalatory tone versus China as he discussed with aides ways to say something publicly that could halt the market drop Trump spoke with Treasury Secretary Bessent about such a message. W/@Lingling_Wei @GavinBade
https://t.co/MOx0LPilNY
wsj.com
President Trump is trying to publicly ease tensions with China to soothe markets while privately keeping up pressure on Beijing.
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SCOOP: Trump not planning to tariff generic drugs, White House says. Major scaling-back of the Section 232 probe on pharmaceuticals, and reversal of a campaign pledge. Decision caps months of debate in admin, with Domestic Policy Council staff cautioning against tariffs
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NEW: President Trump + his team are considering using $550 billion provided through the trade deal w/ Japan as a way to reignite U.S. manufacturing. Trump has dreamed of a U.S. manufacturing comeback- this could be how he tries to do it. W/ @GavinBade
https://t.co/LnrXzjWTd6
wsj.com
Discussions center on how to use money from a $550 billion fund to spur the construction of factories and other infrastructure in the U.S.
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NEW: USMCA renegotiation is ON. USTR today issued request for comments from stakeholders on priorities for reviewing the North American free trade deal. We reported earlier that this was coming:
wsj.com
Public consultations on the key U.S. trade deal with Mexico and Canada will be the first act in what is likely to be a lengthy and contentious review.
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Neoliberalism did not make the world embrace market economics just as neoconservatism did not make the world embrace democracy, Greer adds later
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USTR Greer flames President George W, Bush at National Conservatism conference, saying his "hubris in attempting to bring democracy to Iraq was matched only by his expectation of bringing market economics to China."
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NEW w/ @GavinBade : In April, a group of Utah business leaders visited Washington to petition lawmakers for relief from tariffs. They left feeling encouraged by what the elected officials shared privately, only to later feel like their follow-up actions in public fell short. The
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NEW: US, Japan working out details for $550B investment fund pledge. Sen. Bill Hagerty met with Japanese delegation yesterday, said the fund is a "government commitment" separate from previous FDI announcements. But structure and sources of funding still being determined.
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Overseas taxes and regulations on U.S. tech companies are a sticking point in trade talks with several countries, highlighting Trump's focus on digital trade issues and a potential win for the tech industry. W/ @GavinBade: https://t.co/BVHoJeJPJQ
wsj.com
The administration hopes to use the threat of tariffs and access to the U.S. economy to stop countries from imposing new taxes, regulations and tariffs on U.S. technology firms.
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White House statement confirms the rules of origin that will determine whether goods get a 19% or a 40% tariff are not finalized yet. Central detail unfinished here, leaving companies in the lurch.
More details on Trump's deal with Indonesia, but no clarity on rules for 19% vs 40% tariff -- a huge gap with only days before Aug 1 deadline
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More details on Trump's deal with Indonesia, but no clarity on rules for 19% vs 40% tariff -- a huge gap with only days before Aug 1 deadline
wsj.com
The Trump administration announced details on its trade framework with Indonesia, although key specifics about how the U.S. will apply tariffs to goods from that nation remain unclear.
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Trump threatens a 30% tariff on the EU and Mexico starting Aug. 1, as EU officials aim to reach an outline deal https://t.co/cfDVBSmZmj with @GavinBade and @PerezEnMexico
wsj.com
The president stepped up his pressure on both trading partners, warning he would impose the higher levies from Aug. 1 if deals aren’t reached by then.
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MORE: USTR has circulated draft trade deal outlines for about two dozen nation — lists of US demands for other nations to meet. Many of those nations have subsequently been hit by Trump's tariff letters, implying the letters are a negotiating tactic, say people familiar
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EXCLUSIVE: Bessent pressed Trump to extend tariff deadline, feeling deals could be close. Trump's tariff letters viewed as negotiating tactic, not the final word with trading partners @schwartzbWSJ and me
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