After U.S. Trade Representative Robert Lighthizer and South Korea’s trade minister, Kim Hyung-chong, failed last month to agree on how to move forward on the U.S.-Korea Free Trade Agreement, the Trump administration is considering initiating the process of withdrawing from the deal as early as Tuesday, sources told Inside U.S. Trade. [Jenny Leonard| September 1, 2017…
The European Union, Mexico and other foreign governments are blasting the premise behind a U.S. International Trade Commission safeguard investigation into large residential washer imports, arguing it violates U.S. commitments under the North American Free Trade Agreement and the World Trade Organization. [Isabelle Hoagland| September 1, 2017 | Inside US Trade] In briefs filed with…
WILKES-BARRE, Pa. — Democrats facing reelection next year in states President Trump won are seizing on trade at this early stage as a crucial issue and a Republican vulnerability. [Robert Costa | September 2, 2017 | The Washington Post] But rather than jeer Trump’s protectionist positions, Democrats are echoing them and amplifying them, arguing that Trump…
An American chip maker is asking Donald Trump to approve its takeover by a Chinese government-backed fund, requesting the president overrule the recommendation of U.S. national security officials, and injecting him into a battle between the two countries to dominate the semiconductor industry. [Kate O’Keefe | September 1, 2017 | Wall Street Journal] An American…
President Donald Trump met with an executive from an American advanced materials manufacturer who urged the president to prevent China from cornering the market in rare earth materials by nationalizing the only rare earth mine in the United States. [John Carney | August 30, 2017 | Breitbart] An investor group that allegedly has ties to…
By Jeff Ferry, CPA Research Director As President Trump talks more openly about aggressive action on the trade front to support the US economy, traditional economists and commentators, especially many on Wall Street, are raising the volume on a scare campaign, aimed at suggesting all sorts of imaginary negative consequences. They fail to recognize that…
Donald Trump last month rejected a Chinese proposal to cut steel overcapacity despite it being endorsed by some of his top advisers, as he urged them instead to find ways to impose tariffs on imports from China. [Demetri Sevastopulo | August 30th, 2017 | Financial Times] One week after the July G20 summit in Hamburg, at which…
By Michael Stumo, CEO of CPA, and Jeff Ferry, CPA Research Director President Trump raised the possibility of withdrawing from the North American Free Trade Agreement last week in an Arizona speech. “Personally, I don’t think we can make a deal … I think we’ll end up probably terminating NAFTA at some point,” Trump said.…
The following is a rare account of President Trump in a small Oval Office meeting, venting at senior staff for sometimes resisting his hawkish trade agenda. [Jonathan Swan | August 27, 2017 | Axios] This account — confirmed by sources with knowledge of the meeting and undisputed by the White House — hints at where…
BEIJING (Reuters) – Late last month, executives from more than a dozen top European companies in China met in Beijing to discuss their concerns about the growing role of the ruling Communist Party in the local operations of foreign firms, according to three people with knowledge of the discussions. [Michael Martina | August 24, 2017 |…
