Washington, DC. The Coalition for a Prosperous America (CPA) strongly encourages the Trump Administration to fully implement crucial Section 232 steel and aluminum tariffs rather than extend exemptions for certain countries. We support the Commerce Department determination that surging imports of subsidized steel and aluminum “threaten to impair the national security” of the United States.…
WASHINGTON—President Donald Trump eased trade pressure on top U.S. allies Monday, giving the European Union and some nations outside the bloc more time to negotiate deals that would exempt them from U.S. steel and aluminum tariffs. [Michael C. Bender and William Mauldin | April 30, 2018 | WSJ] The White House said broad tariffs of 25%…
WASHINGTON (Reuters) – U.S. President Donald Trump’s chief trade negotiator said on Tuesday he was not looking to negotiate changes to China’s state-driven economic system in trade talks in Beijing this week but would seek to expose it to more foreign competition. [ David Lawder | May 1, 2018 | Reuters] U.S. Trade Representative Robert…
China will further overhaul its bloated state enterprises and push for mergers in sectors such as power and coal, which are plagued by zombie firms, bankruptcy and debt defaults, according to the head of the agency that oversees state assets valued at $26 trillion. [April 11, 2018 | Bloomberg] “Some of the central state-owned enterprises…
BEIJING — When President Xi Jinping announced measures to further open up China’s auto industry to foreign carmakers, the global industry initially cheered. [KEITH BRADSHER | April 25, 2018 | NY Times] Now the cheering has stopped. As details are emerging, foreign auto executives attending China’s annual auto show in Beijing this week said Mr. Xi’s initiative was too narrow…
President Trump is confronting China over its predatory trade practices and outright theft of American property. [MARTHA BONETA AND CURTIS ELLIS | April 27, 2018 | The Hill] China has responded — not by pledging to change its cheating ways, but by imposing politically targeted taxes on American farm exports. This has farmers rightly concerned they may…
The World Bank has appointed Yale University’s Pinelopi Koujianou Goldberg, a leading academic who has probed how international trade can fuel inequality, as the bank’s new chief economist. [Josh Zumbrun | April 26, 2018 | WSJ] The bank said Ms. Goldberg, who goes by Penny, would help strengthen its academic bona fides. She just completed a tenure…
NEW YORK (Reuters) – The U.S. government may start scrutinizing informal partnerships between American and Chinese companies in the field of artificial intelligence, threatening practices that have long been considered garden variety development work for technology companies, sources familiar with the discussions said. [Koh Gui Qing | April 27, 2018 | Reuters] So far, U.S.…
The World Steel Association predicts that global steel demand will increase 1.8 percent in 2018, though Chinese steel demand will drop more than other countries’ over the next two years. [April 26, 2018 | Inside US Trade] The association, a Brussels-based trade group that says its members represent 85 percent of world steel production, released…
The escalating trade war between the United States and China, with the Trump administration considering $100 billion in punitive tariffs in response to China’s $50 billion in retaliatory tariffs, obscures a more important source of conflict: China’s desire to someday establish the yuan as a global reserve currency, on a par with the dollar. [Lan Cao |…