HANGZHOU, China — China’s vast steel industry is a major target of President Trump. But this hulking shell of a mill here shows why China is likely to keep pumping out more and more steel, inflaming trade tensions between the two countries. [KEITH BRADSHER] April 20th, 2017 [The New York Times] The Hangzhou steel mill,…
What was worse about President Trump’s decision to let China off the currency manipulator hook (for now) was its geopolitical rationale. [Alan Tonelson] April 20th, 2017 [Industry Today] What was worst about President Trump’s decision yesterday to let China off the currency manipulator hook (for now) was not the scrapping of a long-time campaign promise…
President Trump said on Thursday that his administration will lay out its plan for the renegotiation of the North American Free Trade Agreement within two weeks, while also ripping Canadian dairy and lumber policies. April 20th, 2017 [Inside U.S. Trade] The remarks came as Trump was signing an unrelated executive order on steel imports in…
President Donald Trump signed an executive memorandum on Thursday ordering the Secretary of Commerce Wilbur Ross to investigate steel imports. But he also previewed action on NAFTA. [CHARLIE SPIERING] April 20th, 2017 [Breitbart] “The fact is, NAFTA, whether it’s Mexico or Canada, is a disaster for our country,” he said, referring to the North American…
The Treasury Department has not found that any country meets its criteria for currency manipulation in a much-anticipated report that for the first time says any country that accounts for “a large and disproportionate share” of the U.S. trade deficit will be more closely monitored. [Jenny Leonard, Jack Caporal and Isabelle Hoagland] April 20th, 2017…
China’s environmental protection authority says several factories continued to operate illegally after inspectors had closed them down. [Bibek Bhandari] April 21st, 2017 [Sixth Tone] China’s environmental watchdog has the power to close factories, but its authority is apparently easy to ignore after inspectors leave. The Ministry of Environmental Protection (MEP) recently discovered that several factories…
