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Trade

November Trade Deficit Hits Near Record-High $80.2 Billion

WASHINGTON (AP) — The U.S. trade deficit surged to a near-record high of $80.2 billion in November as exports slowed... Read More

WASHINGTON (AP) — The U.S. trade deficit surged to a near-record high of $80.2 billion in November as exports slowed at the same time that imports jumped sharply. The November deficit was 19.3% higher than the October deficit of $67.2... Read More

2022-01-04 21:02:53
by Dan McCue
USMCA Panel Gives US a Win Over Canada in Dairy Dispute

WASHINGTON — The United States has prevailed in the first dispute resolution case brought under the United States-Mexico-Canada Agreement, known... Read More

WASHINGTON — The United States has prevailed in the first dispute resolution case brought under the United States-Mexico-Canada Agreement, known more commonly as USMCA. The case before the inaugural dispute settlement panel was a long-running dispute over Canadian trade policies... Read More

2021-12-17 20:25:08
by Dan McCue
Panel Recommends Extending Trump-Era Duties on Solar Panels

WASHINGTON — The Biden administration should extend tariffs on solar panel modules and cells an additional four years to safeguard... Read More

WASHINGTON — The Biden administration should extend tariffs on solar panel modules and cells an additional four years to safeguard U.S.-based solar panel manufacturers, a U.S. trade panel said. Former President Donald Trump established the duties on Chinese-made photovoltaic modules... Read More

2021-12-16 22:06:24
by Tom Ramstack
Biden’s Truck Driver Outreach Aimed at Easing Supply Chain

WASHINGTON — The Biden administration on Thursday announced a plan to increase the number of commercial truck drivers in a... Read More

WASHINGTON — The Biden administration on Thursday announced a plan to increase the number of commercial truck drivers in a bid to alleviate supply chain gridlock. The plan includes assistance to state motor vehicle departments to issue more commercial licenses,... Read More

2021-12-16 13:09:00
by Reece Nations
Blue Dog Coalition Shares Supply Chain Hurdles, Solutions During Roundtable

SAN ANTONIO — Members of the Blue Dog Coalition hosted a virtual roundtable discussion on Wednesday over impediments to the... Read More

SAN ANTONIO — Members of the Blue Dog Coalition hosted a virtual roundtable discussion on Wednesday over impediments to the national supply chain as well as what’s being done to solve them. The discussion featured input from Gene Seroka, executive... Read More

2021-12-14 21:29:46
by Dan McCue
New Dems Urge Swift Action on Supply Chain Crisis

WASHINGTON — Congress must take swift and decisive action to shore up the nation’s supply chains if it wants to... Read More

WASHINGTON — Congress must take swift and decisive action to shore up the nation’s supply chains if it wants to keep creating jobs and ensure America leads the global economy, the New Democrat Coalition said Tuesday. Specifically, the largest ideological... Read More

2021-12-09 16:32:37
by Dan McCue
House Passes Bipartisan Bill Aimed at Strengthening Shipping Supply Chain

WASHINGTON —The House on Wednesday night overwhelmingly endorsed a bipartisan bill intended to strengthen ocean supply chains that have been... Read More

WASHINGTON —The House on Wednesday night overwhelmingly endorsed a bipartisan bill intended to strengthen ocean supply chains that have been racked by bottlenecks since last summer. The Ocean Shipping Reform Act, introduced by Rep. John Garamendi, D-Calif., in August just... Read More

2021-12-02 21:45:01
by Tom Ramstack
China’s Trade Practices Criticized as Unfair Amid Growing US Tensions

WASHINGTON — The get-tough attitude toward China’s trade practices was on full display Thursday during a congressional hearing as international... Read More

WASHINGTON — The get-tough attitude toward China’s trade practices was on full display Thursday during a congressional hearing as international tensions heat up. Trade experts and lawmakers accused China of unfairly subsidizing its industries to beat out American competitors, stealing... Read More

2021-11-09 22:34:24
by Dan McCue
White House Rolls Out Multibillion-Dollar Plan to Fix Aging Ports, Ease Bottlenecks

WASHINGTON  — The White House outlined an ambitious multibillion dollar plan on Tuesday to dramatically upgrade the nation’s aging ports... Read More

WASHINGTON  — The White House outlined an ambitious multibillion dollar plan on Tuesday to dramatically upgrade the nation’s aging ports and relieve the bottlenecks that have plagued the nation’s critical supply chains since early summer. The actions announced during a... Read More

2021-11-02 20:19:37
by Tom Ramstack
Senate Hears how Criminals Infiltrate Online Sales with Stolen or Fake Goods

WASHINGTON — While toy makers warn Christmas shoppers to beware counterfeit or stolen toys in online purchases, a Senate panel... Read More

WASHINGTON — While toy makers warn Christmas shoppers to beware counterfeit or stolen toys in online purchases, a Senate panel on Tuesday examined options for stopping them. The Senate Judiciary Committee also heard about how knockoff online sales are moving... Read More

2021-11-01 13:18:04
by Dan McCue
Bordeaux Leading Bipartisan Effort to Make Supply Chain More Resilient

WASHINGTON — It’s easy to dip one’s toe into the 24-hour news cycle and suppose the breakdown of the nation’s... Read More

WASHINGTON — It’s easy to dip one’s toe into the 24-hour news cycle and suppose the breakdown of the nation’s supply chain for incoming and outgoing goods is a west coast phenomena. The truth is, the backlogs have impacted ports... Read More

2021-10-22 20:05:15
by Reece Nations
Commerce Department Tightens Export Controls on Cybersecurity Items

WASHINGTON — The Department of Commerce’s Bureau of Industry and Security announced on Wednesday it would institute new export controls... Read More

WASHINGTON — The Department of Commerce’s Bureau of Industry and Security announced on Wednesday it would institute new export controls over cybersecurity items such as cyber intrusion software that can be used maliciously. The department’s new policy also creates a... Read More

2021-10-20 17:57:52
by Kate Michael
Experts Fear Travel Restrictions Have Unintended Consequences for Diplomacy

WASHINGTON — Early advice from the World Health Organization warned against imposing travel or trade restrictions on countries experiencing COVID-19... Read More

WASHINGTON — Early advice from the World Health Organization warned against imposing travel or trade restrictions on countries experiencing COVID-19 outbreaks. Now experts fear the decision by most countries to ignore this advice may have unintended consequences for the future... Read More

2021-08-25 14:49:16
by Reece Nations
Ban on Canada, Mexico Border Crossings Extended Through Sept. 21

WASHINGTON — Essential trade and travel between Canada and the U.S. and Mexico and the U.S. will continue as normal,... Read More

WASHINGTON — Essential trade and travel between Canada and the U.S. and Mexico and the U.S. will continue as normal, however restrictions on non-essential crossings will remain in place through Sept. 21. The announcement from the U.S. Department of Homeland... Read More

2021-08-11 15:47:57
by Dan McCue
Report: Travel Restrictions Inflicting Substantial Toll on Global Growth and Trade

A year and a half into the COVID-19 pandemic, travel bans meant to stem the crisis are taking a significant... Read More

A year and a half into the COVID-19 pandemic, travel bans meant to stem the crisis are taking a significant toll on global growth and trade, according to a new report from The Conference Board, the nonprofit business and research... Read More

2021-08-10 17:44:33
by Kate Michael
Inter-American Development Bank Creates Toolkit for Nearshoring Supply Chains

WASHINGTON -- Among the unpredicted impacts of COVID-19 was the vulnerability of American dependence on manufacturing and services from China.... Read More

WASHINGTON -- Among the unpredicted impacts of COVID-19 was the vulnerability of American dependence on manufacturing and services from China. Everything from consumer products to pharmaceuticals and health and safety equipment experienced delays and shortages as a result of China... Read More

US Trade Deficit Hits Record $75.7 Billion in June

WASHINGTON (AP) — The U.S. trade deficit increased to a record $75.7 billion in June as a rebounding American economy... Read More

WASHINGTON (AP) — The U.S. trade deficit increased to a record $75.7 billion in June as a rebounding American economy sent demand for imports surging. The Commerce Department reported Thursday that the deficit rose 6.7% from a revised May deficit... Read More

2021-07-26 13:05:12
by Dan McCue
U.S. and Mexico Fail to Resolve Dispute on Trade Rules for Cars

The U.S. and Mexico failed to resolve a dispute over trade rules for cars during a meeting last week, a... Read More

The U.S. and Mexico failed to resolve a dispute over trade rules for cars during a meeting last week, a development - or lack of one - that appears capable of severely straining relations between the two countries a year... Read More

2021-07-15 20:29:05
by Tom Ramstack
Congress Searches for Way to Make Supply Chains Resilient

WASHINGTON -- The Senate continued its search Thursday for ways to prevent the kind of devastation brought to U.S. supply... Read More

WASHINGTON -- The Senate continued its search Thursday for ways to prevent the kind of devastation brought to U.S. supply chains by COVID-19. Industry executives told a Senate panel the pandemic exposed U.S. dependence on foreign suppliers to keep the... Read More

2021-07-01 14:58:47
by Kate Michael
‘Work on This Agreement is Never Going to be Finished,’ Tai Says of USMCA

WASHINGTON — At the one-year anniversary of the USMCA trade agreement coming into force, trade representatives from the United States,... Read More

WASHINGTON — At the one-year anniversary of the USMCA trade agreement coming into force, trade representatives from the United States, Mexico, and Canada are patting themselves on the back for a job well done. They have good reason, as the... Read More

2021-06-01 14:38:50
by Kate Michael
Princess Reema bint Bandar Says American Childhood Prepared Her for Ambassadorship

WASHINGTON — Her Royal Highness Princess Reema bint Bandar remembers DC’s cicadas. In fact, she says she lived through the... Read More

WASHINGTON — Her Royal Highness Princess Reema bint Bandar remembers DC’s cicadas. In fact, she says she lived through the “cicada invasion” twice during her “non-diplomatic, but highly socially-connected” childhood in Northern Virginia while her father served as Saudi Arabian... Read More

2021-05-25 20:32:19
by Dan McCue
US Advances First USMCA Dispute Panel Over Canadian Dairy Practices

WASHINGTON - The United States has requested the first ever dispute panel to settle a trade conflict under the United... Read More

WASHINGTON - The United States has requested the first ever dispute panel to settle a trade conflict under the United States-Mexico-Canada Agreement, U.S. Trade Representative Katherine Tai announced Tuesday. The United States is challenging Canada’s allocation of dairy tariff-rate quotas,... Read More

2021-04-19 14:15:16
by Kate Michael
Tai Dedicates First Speech as USTR to Greening of U.S. Trade Policy

WASHINGTON — On March 17, 2021, Ambassador Katherine Tai was confirmed as U.S Trade Representative by unanimous vote in the... Read More

WASHINGTON — On March 17, 2021, Ambassador Katherine Tai was confirmed as U.S Trade Representative by unanimous vote in the Senate. Just a month later, in her first speech as USTR, Tai explained how the benefits of global trade could... Read More

2021-04-15 17:52:43
by TWN Staff
Defense Department Seeks Comments on Supply Chain Risks for Critical Materials

WASHINGTON - The Defense Department is seeking comments on risks to the supply chain for strategic and critical materials. In... Read More

WASHINGTON - The Defense Department is seeking comments on risks to the supply chain for strategic and critical materials. In February, President Joe Biden signed an executive order directing the Defense Department and three other federal agencies to closely examine... Read More

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

WASHINGTON — The U.S. trade deficit surged to a record high in February as the nation’s economic activity rebounded more... Read More

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 shaking off the economic hardships associated with the coronavirus pandemic. The trade deficit... Read More

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

WASHINGTON -- Virginia’s plan for a $3.7 billion passenger rail expansion was revolutionary on Tuesday when the governor announced it but... Read More

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

NEW YORK (AP) — A trade bottleneck born of the COVID-19 outbreak has U.S. businesses anxiously awaiting goods from Asia... Read More

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

LOUISVILLE, Ky. (AP) — A hangover from Trump-era tariff disputes could become even more painful for American whiskey distillers unless... Read More

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

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

WASHINGTON - Five Chinese companies are producing telecommunications equipment and services that pose "an unacceptable risk" to national security and... Read More

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

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

WASHINGTON -- The railroad industry moved closer Wednesday to becoming a big winner in President Joe Biden’s environmentally friendly policies.... Read More

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

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