Trade

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 shake 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

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

WASHINGTON – The White House on Thursday agreed to suspend millions of dollars worth of tariffs on U.K. exports, including... Read More

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

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

WASHINGTON - Rep. Stephanie Murphy, D-Fla., has been named to four subcommittees that will ensure she's a leading voice on... Read More

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

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

WASHINGTON - Katherine Tai, President-elect Joe Biden's designee to be the next U.S. trade representative, told a virtual gathering of... Read More

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

LONDON (AP) — First came the Brexit trade deal. Now comes the red tape and the institutional nitty gritty. Four... Read More

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

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

WASHINGTON -- The U.S. Senate continued a hardline crackdown on China Wednesday during a hearing on how to ratchet up... Read More

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

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... Read More

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

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... Read More

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

China and 14 other countries agreed Sunday to set up the world’s largest trading bloc, encompassing nearly a third of... Read More

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

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

WASHINGTON - It wasn't unexpected. Counterfeits and knockoffs are all around us, from sneakers to handbags and even cures for... Read More

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

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

WASHINGTON - As if a global health crisis wasn't enough to have on their plate, wine sellers are bracing for... Read More

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

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

WASHINGTON - The U.S. Senate tried to figure out a response Wednesday to a trade war with China that is... Read More

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

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

WASHINGTON - It's NAFTA no more. As of 12:01 this morning, the U.S. - Mexico - Canada trade agreement, better... Read More

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

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

Trade agreement talks between the United States and the United Kingdom have been tabled for the foreseeable future over a... Read More

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

1 2 3 4
Straight From The Well
Exit mobile version