The sulfur trade still runs one way. The United States places no condition on who buys American sulfur, including Chinese state-owned enterprises, while Beijing bars its phosphate fertilizer and most sulfuric acid from world markets.
In one month, between mid-September and mid-October, Chinese technology attached to new cars – mostly EVs, but not all – were called out in two European countries for essentially being data vacuums for China. In some cases, the data is collected for the companies to understand how the driver uses their product, and to make adjustments over time. But in other cases, they were used as on-board recording devices.
As Capitol Hill debates what the future of the U.S. generic drugs industry will look like, another alarm bell has rung at the Food and Drug Administration (FDA). This time, imported semaglutide generics – similar to Ozempic – sold by a company called the Cheap Medicine Shop were issued an FDA Warning Letter for marketing a drug that had not been approved for sale in the U.S.
Days off the Trump-Xi meeting, four Members of Congress are currently pushing a more structural and long-term China-risk-reduction agenda than the Trump administration is pursuing through the bilateral relationship.
Treasury Secretary Scott Bessent says the United States and China are considering lowering tariffs on “noncritical” items — the consumer goods that fill American shopping carts — as part of the package being assembled around this week’s Trump-Xi summit.
Late on Friday, August 21, the tentative U.S.–Canada trade agreement collapsed, shortly before new tariffs took effect. Market reporting centered on cutting the Section 232 tariff on Canadian primary aluminum to 25 percent, and the concession was poised to reach fabricated aluminum products as well.
The collapse of the U.S.-Canada trade deal is providing a rare glimpse into the secret world of international trade negotiations. Beyond just the insider view, we are being given hope that the mirage of “Fortress North America” can be put to rest.
Mexico’s top trade diplomat, Marcelo Ebrard, was in Washington for several days last week [from Aug. 24 to Aug. 26] but quietly left empty handed on Wednesday.
The collapse of the U.S.-Canada trade negotiation on August 21 drew headlines and criticism aimed at Washington. What the criticism misses is that the deal on the table would have undercut a key plank of U.S. reindustrialization policy and a vital supply line for national security.