Trade

U.S. Trade Deficit Hits Record High in February
Trade
U.S. Trade Deficit Hits Record High in February
2021-04-07 18:40:09
by TWN Staff

WASHINGTON - The U.S. trade deficit surged to a record high in February as the nation’s economic activity rebounded more quickly than that of other nations carefully shake off the economic hardships associated with the coronavirus pandemic. The trade deficit... Read More

Goldmine of New Resources for Railroads
Transportation
Goldmine of New Resources for Railroads
2021-04-05 15:39:06
by Tom Ramstack

WASHINGTON -- Virginia’s plan for a $3.7 billion passenger rail expansion was revolutionary on Tuesday when the governor announced it but later in the week looked like the tip of the iceberg. The next day, President Joe Biden presented his plan... Read More

Supply Bottlenecks Leave Ships Stranded, Businesses Stymied
Economy
Supply Bottlenecks Leave Ships Stranded, Businesses Stymied

NEW YORK (AP) — A trade bottleneck born of the COVID-19 outbreak has U.S. businesses anxiously awaiting goods from Asia — while off the coast of California, dozens of container ships sit anchored, unable to unload their cargo.  The pandemic... Read More

Whiskey Makers Face Worsening Hangover From Trade Dispute
Trade
Whiskey Makers Face Worsening Hangover From Trade Dispute

LOUISVILLE, Ky. (AP) — A hangover from Trump-era tariff disputes could become even more painful for American whiskey distillers unless their entanglement in a trans-Atlantic trade fight is resolved soon. Bourbon, Tennessee whiskey and rye whiskey were left out of... Read More

FCC Targets Five Chinese Telecoms as Threat to National Security
Technology
FCC Targets Five Chinese Telecoms as Threat to National Security
2021-03-12 18:36:55
by TWN Staff

WASHINGTON - Five Chinese companies are producing telecommunications equipment and services that pose "an unacceptable risk" to national security and the security and safety of U.S. citizens, the Federal Communications Commission announced Friday. The companies include Huawei Technologies Co., ZTE... Read More

Railroads Want in on Biden’s $2 Trillion Infrastructure Proposal
Infrastructure
Railroads Want in on Biden’s $2 Trillion Infrastructure Proposal
2021-03-11 17:14:19
by Tom Ramstack

WASHINGTON -- The railroad industry moved closer Wednesday to becoming a big winner in President Joe Biden’s environmentally friendly policies. A House Transportation and Infrastructure subcommittee weighed options during a hearing on which passenger and freight railroad projects should get... Read More

White House Suspends Tariffs on Scotch Whiskey and EU Wine
Trade
White House Suspends Tariffs on Scotch Whiskey and EU Wine
2021-03-05 20:34:09
by Dan McCue

WASHINGTON – The White House on Thursday agreed to suspend millions of dollars worth of tariffs on U.K. exports, including Scotch whisky, as part of an effort to resolve a long-running trans-Atlantic trade dispute over aerospace subsidies. In a joint... Read More

Subcommittee Assignments Give Murphy Strong Voice on National Security, COVID-19 Relief, and Trade
Congress
Subcommittee Assignments Give Murphy Strong Voice on National Security, COVID-19 Relief, and Trade
2021-02-09 12:24:20
by TWN Staff

WASHINGTON - Rep. Stephanie Murphy, D-Fla., has been named to four subcommittees that will ensure she's a leading voice on national security, the continuing federal response to COVID-19, and international trade. The Winter Park Democrat is the only Florida Democrat... Read More

Trade Rep Designee Says Cooperation, Bipartisanship Key to Competing with China
Trade
Trade Rep Designee Says Cooperation, Bipartisanship Key to Competing with China
2021-01-12 22:06:13
by Dan McCue

WASHINGTON - Katherine Tai, President-elect Joe Biden's designee to be the next U.S. trade representative, told a virtual gathering of trade professionals Tuesday that if the U.S. is going to successfully compete against China on the world stage, it's going... Read More

UK Warns of 'Bumpy' Post-Brexit Transition Despite Deal
Trade
UK Warns of 'Bumpy' Post-Brexit Transition Despite Deal

LONDON (AP) — First came the Brexit trade deal. Now comes the red tape and the institutional nitty gritty. Four days after sealing a free trade agreement with the European Union, the British government warned businesses to get ready for... Read More

Senate Debates Tactics to Make America More Competitive with China
Trade
Senate Debates Tactics to Make America More Competitive with China
2020-12-17 14:36:00
by Tom Ramstack

WASHINGTON -- The U.S. Senate continued a hardline crackdown on China Wednesday during a hearing on how to ratchet up American economic competitiveness. Economic advisors repeated warnings that the U.S. government needs to create more incentives for domestic industries that... Read More

Facebook Sued by US, States in Antitrust Case
Business
Facebook Sued by US, States in Antitrust Case

WASHINGTON — Facebook Inc. was sued by U.S. antitrust officials and a coalition of states that want to break up the company by unwinding its acquisitions of Instagram and WhatsApp, deals the government says was part of a campaign to illegally crush competition. The Federal Trade Commission and... Read More

Ways and Means Aide Katherine Tai Said to be Biden's Choice for Trade Representative
Trade
Ways and Means Aide Katherine Tai Said to be Biden's Choice for Trade Representative

WASHINGTON — Katherine Tai, chief trade counsel for the House Ways and Means Committee, is reported to be President-elect Joe Biden's nominee to be America's trade negotiator. Tai would lead the Office of the U.S. Trade Representative, an agency she knows well from her committee work... Read More

ASEAN, China, Other Partners Sign World's Biggest Trade Pact
Trade
ASEAN, China, Other Partners Sign World's Biggest Trade Pact

China and 14 other countries agreed Sunday to set up the world’s largest trading bloc, encompassing nearly a third of all economic activity, in a deal many in Asia are hoping will help hasten a recovery from the shocks of... Read More

Spike In Phony PPEs at Peak of COVID-19 Crisis Shines Spotlight on Issue of Illicit Trade
Trade
Spike In Phony PPEs at Peak of COVID-19 Crisis Shines Spotlight on Issue of Illicit Trade
2020-09-11 18:03:17
by Dan McCue

WASHINGTON - It wasn't unexpected. Counterfeits and knockoffs are all around us, from sneakers to handbags and even cures for the common cold. But a surge in demand for personal protection equipment, not to mention tobacco, alcohol and cleaning products,... Read More

Wine Sellers Brace for Second Round of Tariffs
Business
Wine Sellers Brace for Second Round of Tariffs
2020-08-07 19:26:31
by Dan McCue

WASHINGTON - As if a global health crisis wasn't enough to have on their plate, wine sellers are bracing for the imposition of another round of tariffs that could raise the price of imported European wines and other products by... Read More

UK’s Truss in Washington to Press for Post-Brexit Trade Deal
Trade
UK’s Truss in Washington to Press for Post-Brexit Trade Deal

U.K. International Trade Secretary Liz Truss will meet with her U.S. counterpart Robert Lighthizer in Washington on Monday as part of the third round of talks to reach a trade deal between the two countries. Prime Minister Boris Johnson put... Read More

Senate Confronts China Threat to Beat Out U.S. Economy
Geopolitics
Senate Confronts China Threat to Beat Out U.S. Economy
2020-07-23 20:25:35
by Tom Ramstack

WASHINGTON - The U.S. Senate tried to figure out a response Wednesday to a trade war with China that is taking on new urgency during the coronavirus pandemic. Republican and Democratic senators identified Chinese computer hackers and patent thieves as... Read More

López Obrador Heading to Washington to Meet Trump Amid Controversy
Trade
López Obrador Heading to Washington to Meet Trump Amid Controversy

MEXICO CITY — Donald Trump notoriously kicked off his presidential bid in 2015 by disparaging Mexican immigrants as drug dealers, criminals and “rapists,” adding: “And some, I assume, are good people.” During his own campaign two years later, future Mexican... Read More

New Trade Accord Between US, Canada and Mexico Goes Into Effect
Trade
New Trade Accord Between US, Canada and Mexico Goes Into Effect
2020-07-01 18:55:56
by Dan McCue

WASHINGTON - It's NAFTA no more. As of 12:01 this morning, the U.S. - Mexico - Canada trade agreement, better known as the USMCA, is in full effect, formally replacing the 26-year-old North American Free Trade Agreement "Today marks the... Read More

The Pandemic is Exacerbating America’s Systemic Food Inequality
Food
The Pandemic is Exacerbating America’s Systemic Food Inequality

Access to food has been unequal in America long before the onset of the coronavirus. But the pandemic has deepened the problem, with images of snaking lines at food banks bringing the harsh reality to light. Even in the U.S.,... Read More

US-UK Free Trade Agreement Stalled Over Ag Disputes
Trade
US-UK Free Trade Agreement Stalled Over Ag Disputes
2020-06-22 19:35:10
by Sara Wilkerson

Trade agreement talks between the United States and the United Kingdom have been tabled for the foreseeable future over a disagreement concerning agricultural practices. U.S. Trade Representative Robert Lighthizer revealed the impasse during testimony before the House Ways and Means... Read More

Maritime Industry Asks Congress for Bailout During Coronavirus
Trade
Maritime Industry Asks Congress for Bailout During Coronavirus
2020-06-01 12:08:15
by Tom Ramstack

WASHINGTON - Representatives of the U.S. maritime industry asked Congress for an emergency bailout Friday as they described how coronavirus is hurting ports and shippers. They are expecting their revenue to drop by as much as one-quarter below normal levels... Read More

Pompeo Says US No Longer Considers Hong Kong Autonomous from China
Geopolitics
Pompeo Says US No Longer Considers Hong Kong Autonomous from China
2020-05-27 19:03:43
by Dan McCue

WASHINGTON - Secretary of State Mike Pompeo announced Wednesday that he's informed Congress the State Department no longer considers Hong Kong to have significant autonomy under Chinese rule, a move seen as foreshadowing the end of some or all of... Read More

Department of Transportation Relaxes Rest Stop Rules For Truck Drivers
Transportation
Department of Transportation Relaxes Rest Stop Rules For Truck Drivers
2020-05-18 21:25:26
by Gaspard Le Dem

WASHINGTON - The Federal Motor Carrier Safety Administration announced on Thursday that it had finalized new rules to give truckers more flexibility on their driving hours. The announcement comes after two years of intense public debate over how to give... Read More

China Still Implementing US Trade Deal, Chinese Envoy Says
Trade
China Still Implementing US Trade Deal, Chinese Envoy Says

China’s ambassador to the U.S. said his country is still implementing the first phase of a trade agreement signed with the U.S. earlier this year and called for both nations to assess the changing situation as the coronavirus presents global... Read More

COVID-19-Driven Trade Decisions Must Ensure Free Flow of Goods
Geopolitics
COVID-19-Driven Trade Decisions Must Ensure Free Flow of Goods
2020-04-10 18:37:23
by Dan McCue

WASHINGTON - Despite the continued uncertainties related to the COVID-19 virus, government officials trying to beat back the pandemic need to resist the temptation to erect new barriers to trade, an international trade watchdog said Friday. Further, the report said,... Read More

Justices Rule Firm Chartering Vessel For Transport of Oil Obligated to Provide Safe Berth
Energy
Justices Rule Firm Chartering Vessel For Transport of Oil Obligated to Provide Safe Berth
2020-03-30 20:28:08
by Dan McCue

WASHINGTON - In a case with implications to both maritime transportation and international trade, the Supreme Court ruled a firm that contracted for a delivery of oil was obligated to provide “safe berth” for the vessel carrying it. The underlying... Read More

Expert Says USMCA Will Make North American Firms More Competitive
Trade
Expert Says USMCA Will Make North American Firms More Competitive
2020-03-27 13:40:19
by Dan McCue

WASHINGTON - Although it barely caused a ripple given the understandable focus on the worldwide coronavirus outbreak, a historic new chapter in North American commerce began two weeks ago Friday, when Canada became the third and final country to ratify... Read More

First Post-USMCA Challenge: COVID-19 Border Closures
Trade
First Post-USMCA Challenge: COVID-19 Border Closures
2020-03-20 16:50:32
by Dan McCue

WASHINGTON - The Canada-U.S. border will close to all non-essential travel in both directions Friday night, and officials are set to impose similar restrictions at the U.S. border with Mexico later today. It was only two months ago President Donald... Read More

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