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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RT @Olivia_Beavers: NEW w/ @GavinBade : In April, a group of Utah business leaders visited Washington to petition lawmakers for relief from….
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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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RT @AmrithRamkumar: Overseas taxes and regulations on U.S. tech companies are a sticking point in trade talks with several countries, highl….
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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RT @kimmackrael: Trump threatens a 30% tariff on the EU and Mexico starting Aug. 1, as EU officials aim to reach an outline deal https://t.….
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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RT @schwartzbWSJ: NEW: President Trump decided on a new Aug. 1 deadline after huddling w/ his key advisor Treasury Secretary Scott Bessent….
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South Korea's government, meanwhile, is brand new. Their negotiator just came his first visit and was hoping to at least buy time.
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Tough breaks for Japan and SKorea. Japan has an upper house election this month and Ishiba gov't felt it couldn't agree to deal that kept auto tariffs intact. Japan's negotiator visited Washington SEVEN times since April 2. Ishiba also personally lobbied Trump at G7.
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Decent time to revisit this piece from last week on why striking a trade deal with Japan has been so tough for Trump this time around. Good stuff in there on South Korea as well. W/ @schwartzbWSJ
wsj.com
Difficult talks with many nations cast doubt on next week’s deadline. “We can do whatever we want,” Trump said.
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RT @Lingling_Wei: Trade deals are proving elusive for Trump. The standoff with Japan shows why. @GavinBade @schwartzbWSJ https://t.co/….
wsj.com
Difficult talks with many nations cast doubt on next week’s deadline. “We can do whatever we want,” Trump said.
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Japan's negotiator Akazawa has been to Washington seven times since Liberation Day, trying to keep in near constant contact so they could avoid exactly this situation. That said, this could just be Trump pushing hard for a concession on Ag, similar to his Canada DST move
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RT @NickTimiraos: Powell: If not for the expectations of higher inflation this year from tariffs, "we would have continued cutting.".
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