China bars US credit cards too

Ushering in the New Year, President-elect Trump named Robert Lighthizer, a veteran trade negotiator and “harsh critic of China’s trade practices,” to be his lead trade negotiator. Trump’s trade rhetoric has been blood and thunder. He has threatened 45 percent retaliatory tariffs against China and other trade partners that are not living up to their…

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Democrats Press Trump on Trade

House Democrats, relegated to the chamber’s minority for a fourth consecutive Congress, are eyeing a drastic rewriting of the nation’s trade policies as a potential area in which they can wield relevance in President-elect Donald Trump’s new administration. [David Catanese| January 3, 2017 |US News] On the first day of the 115th Congress, a group…

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USTR Froman’s exit memo attempts to cast misguided failures as success

U.S. Trade Representative Michael Froman views the negotiation of the Trans-Pacific Partnership as a crowning trade achievement of the Obama administration despite the deal’s highly uncertain future, suggesting in an “exit memo” this week that the incoming Trump team use it to “shape” globalization. [Daily News| January 7, 2016 |Inside US Trade] Agreements like TPP…

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Wyden wants ‘tough’ and ‘smart’ trade policy under Trump; Brady to talk to Lighthizer ‘soon’

Senate Finance Committee ranking member Ron Wyden (D-OR) this week told Inside U.S. Trade he will push Trump cabinet nominees with responsibility for trade policy on their commitment to enforcement, stressing he would like the new administration to take a “tough” and “smart” approach. [Daily News| January 5, 2017 |Inside US Trade] “If I could describe what…

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