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Trade

2019-11-22 21:37:47
by Dan McCue
McAdams, Fellow Moderate Dems Push for USMCA Floor Vote

WASHINGTON - A quartet of moderate Democrats took to House floor this week to press for a vote on the... Read More

WASHINGTON - A quartet of moderate Democrats took to House floor this week to press for a vote on the USMCA trade deal, despite the stark partisan divide inflamed by the ongoing impeachment inquiry. "I think it's important that the... Read More

2019-11-19 22:29:24
by Dan McCue
Murphy Shines Light On How U.S. Trade Policies Affect U.S. Quality of Life

WASHINGTON - It used to be that when the general public thought of big U.S. policy, it thought of things... Read More

WASHINGTON - It used to be that when the general public thought of big U.S. policy, it thought of things like cold and hot wars, international diplomacy and sweeping changes in civil rights legislation. Trade, if it came to mind... Read More

2019-11-18 19:07:40
by Dan McCue
US-China Trade War Has Put Nearly 1.5 Million At Risk Of Possible Layoffs, Study Shows

WASHINGTON - The ongoing trade war between the United States and China has put about 1.46 million Americans at risk... Read More

WASHINGTON - The ongoing trade war between the United States and China has put about 1.46 million Americans at risk of being laid off or consigned to working dramatically reduced hours, a new study shows. Rolled out at a news... Read More

2019-11-18 18:57:05
by Dan McCue
House Votes to Renew Export-Import Bank Charter Over GOP Opposition

WASHINGTON - The House voted on Friday to renew the charter of the Export-Import Bank, the U.S. agency that provides... Read More

WASHINGTON - The House voted on Friday to renew the charter of the Export-Import Bank, the U.S. agency that provides loans and other help to foreign buyers of U.S. exports, despite opposition from Republican lawmakers. Despite the bank having historically... Read More

Trump Says China Trade Deal Will Be Signed Somewhere in US

WASHINGTON — The “Phase One” trade deal with China, once completed, will be signed somewhere in the U.S., President Donald... Read More

WASHINGTON — The “Phase One” trade deal with China, once completed, will be signed somewhere in the U.S., President Donald Trump told reporters on Sunday at the White House. Trump had previously suggested Iowa, the largest U.S. corn and hog... Read More

2019-11-01 20:38:40
by Dan McCue
WTO Says China Can Impose Sanctions On $3.5B Worth Of US Goods

WASHINGTON - The World Trade Organization said Friday that China can place new trade sanctions on $3.5 billion of U.S.... Read More

WASHINGTON - The World Trade Organization said Friday that China can place new trade sanctions on $3.5 billion of U.S. goods in retaliation for U.S. restrictions on Chinese furniture, steel products and solar panels. The award by an arbitration panel... Read More

Trump’s Steel Tariffs Were Supposed to Save the Industry. They Made Things Worse

WASHINGTON — When President Trump slapped 25% tariffs on foreign steel in March 2018, panicky U.S. buyers rushed to place... Read More

WASHINGTON — When President Trump slapped 25% tariffs on foreign steel in March 2018, panicky U.S. buyers rushed to place new orders ahead of feared supply interruptions, driving prices up sharply. It was an instant bonanza for domestic steel producers.... Read More

2019-10-11 21:52:03
by Dan McCue
White House Strikes Limited Trade Deal With China

WASHINGTON - The U.S. has come to a “very substantial phase one deal” with China, President Donald Trump said Friday.... Read More

WASHINGTON - The U.S. has come to a “very substantial phase one deal” with China, President Donald Trump said Friday. Though he offered scant details, the president declared that talks on a "phase two" trade deal "will start almost immediately.”... Read More

2019-09-06 21:51:07
by HJ Mai
Amid Trade Disputes and Reform Demands: WTO Stands at a Crossroads

WASHINGTON - International trade disputes have dominated the newscycle in 2019. Whether it’s the United States and China, the U.S.... Read More

WASHINGTON - International trade disputes have dominated the newscycle in 2019. Whether it’s the United States and China, the U.S. and the European Union or the EU and China, a functioning world economy needs a fair and regulated trade system. ... Read More

2019-09-06 21:13:11
by Dan McCue
Moderates Seen As Key to Ratifying U.S.-Mexico-Canada Trade Deal

WASHINGTON - As Congress adjourned for its August recess, the U.S.-Mexico-Canada trade deal, known as the USMCA, seemed to be... Read More

WASHINGTON - As Congress adjourned for its August recess, the U.S.-Mexico-Canada trade deal, known as the USMCA, seemed to be the last thing on anyone's mind. At the time, an impending fiscal crisis had just been averted, and lawmakers, media... Read More

2019-08-23 17:16:20
by Dan McCue
China Hits US With New Tariffs on $75 Billion Worth of Products

WASHINGTON — China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump's... Read More

WASHINGTON — China on Friday announced tariff hikes on $75 billion of U.S. products in retaliation for President Donald Trump's latest planned increase, deepening the trade conflict between the two nations at a time when the president insists "China wants... Read More

2019-08-02 18:26:26
by Dan McCue
US to Impose New Tariffs on $300 Billion of Chinese Goods Starting September 1

WASHINGTON - President Donald Trump announced Thursday the U.S. is placing an additional 10% tariff on $300 billion worth of... Read More

WASHINGTON - President Donald Trump announced Thursday the U.S. is placing an additional 10% tariff on $300 billion worth of Chinese goods, effective September 1. “Trade talks are continuing, and during the talks the U.S. will start, on September 1st,... Read More

2019-07-30 21:50:42
by Dan McCue
House Working Group Says It's Making Progress On NAFTA Replacement

WASHINGTON - A House working group formed to negotiate changes to President Donald Trump's proposed U.S.-Mexico-Canada trade agreement told House... Read More

WASHINGTON - A House working group formed to negotiate changes to President Donald Trump's proposed U.S.-Mexico-Canada trade agreement told House Speaker Nancy Pelosi last week that while it's made substantial progress, it's still waiting for a counter proposal for requested... Read More

2019-07-12 14:15:05
by Dan McCue
US Budget Deficit Jumped By $140 Billion Through June

WASHINGTON - The U.S. budget deficit increased by $140 billion during the first nine months of the current fiscal year,... Read More

WASHINGTON - The U.S. budget deficit increased by $140 billion during the first nine months of the current fiscal year, rising to $747.1 billion, the Treasury Department said Thursday. The department said the deficit for the current fiscal year through... Read More

2019-07-08 23:40:34
by Dan McCue
New Democrats Urge Lighthizer to Resolve Outstanding USMCA Issues

WASHINGTON - Six members of the New Democrat Coalition wrote the U.S. Trade Representative on Monday urging him to respond... Read More

WASHINGTON - Six members of the New Democrat Coalition wrote the U.S. Trade Representative on Monday urging him to respond to congressional concerns regarding the new North American Free Trade agreement, known as USMCA, to ensure its successful bipartisan passage.... Read More

2019-06-20 22:53:37
by Dan McCue
Trump, Canada's Trudeau Talk Trade and China at White House Meeting

WASHINGTON - President Donald Trump welcomed Canadian Prime Minister Justin Trudeau to the White House Thursday, to talk trade and... Read More

WASHINGTON - President Donald Trump welcomed Canadian Prime Minister Justin Trudeau to the White House Thursday, to talk trade and their respective issues with China on a day otherwise dominated by concerns over an escalation in hostilities between the U.S.... Read More

2019-06-19 21:06:55
by Dan McCue
Canadian Prime Minister Trudeau to Visit DC to Lobby for USMCA

WASHINGTON - Canadian Prime Minister Justin Trudeau arrives in the nation's capital Wednesday evening to begin a busy 24 hours... Read More

WASHINGTON - Canadian Prime Minister Justin Trudeau arrives in the nation's capital Wednesday evening to begin a busy 24 hours lobbying for U.S. passage of the USMCA trade deal. The prime minister will attend a reception hosted by David MacNaughton,... Read More

2019-06-18 20:49:40
by Dan McCue
US Ports Warn Trump Tariffs Diminishing Competitiveness

WASHINGTON - Representatives of America's seaports are telling the U.S. Trade Representative this week that the Trump administration's current tariffs... Read More

WASHINGTON - Representatives of America's seaports are telling the U.S. Trade Representative this week that the Trump administration's current tariffs on Chinese goods, and threat to impose more, are weakening the nation's competitiveness and stymieing much needed infrastructure projects. The... Read More

2019-06-07 21:03:48
by Dan McCue
US Trade Deficit With China Grew in April Despite Narrowing Elsewhere

The United States' trade deficit with China widened in April, despite Trump administration tariffs on thousands of Chinese goods, and... Read More

The United States' trade deficit with China widened in April, despite Trump administration tariffs on thousands of Chinese goods, and even as the gap between the U.S. and other countries narrowed. Since taking office in 2017, President Donald Trump has... Read More

2019-05-17 21:25:38
by Dan McCue
White House to Lift Steel, Aluminum Tariffs on Canada, Mexico

President Donald Trump revealed Friday that his administration has reached an agreement with Canada and Mexico to lift tariffs on... Read More

President Donald Trump revealed Friday that his administration has reached an agreement with Canada and Mexico to lift tariffs on steel and aluminum, ending a standoff that threatened to derail ratification of the president's new North American trade agreement. Speaking... Read More

2019-05-13 21:59:46
by Dan McCue
China to Raise Tariffs on $60 Billion in US Goods Starting June 1

The U.S.-China trade war escalated Monday with Beijing signaling it plans to raise tariffs on about $60 billion in U.S.... Read More

The U.S.-China trade war escalated Monday with Beijing signaling it plans to raise tariffs on about $60 billion in U.S. goods on the heels of the United States slapping new tariffs on $200 billion in Chinese goods last week. Some... Read More

2019-05-10 20:28:57
by Dan McCue
US-China Trade Talks Break Up With No Deal In Sight

High stakes trade talks between the United States and China ended Friday with no agreement in sight and mixed signals... Read More

High stakes trade talks between the United States and China ended Friday with no agreement in sight and mixed signals from the White House in regard to where things stand. In a pair of tweets sent shortly before the markets... Read More

2019-05-06 18:49:52
by Dan McCue
World Markets Shaken By Renewed Trump Tariff Threats for China

Securities markets around the world swooned Monday after President Donald Trump threatened to dramatically increase tariffs on Chinese imports at... Read More

Securities markets around the world swooned Monday after President Donald Trump threatened to dramatically increase tariffs on Chinese imports at a time when many believed the 10-month old trade war between the U.S. and China was coming to an end.... Read More

2019-04-26 20:26:35
by Dan McCue
US Economy Grew at Strong 3.2 Percent Rate in First Quarter

The U.S. economy grew at a solid 3.2 percent annual rate in the first three months of the year, the... Read More

The U.S. economy grew at a solid 3.2 percent annual rate in the first three months of the year, the Commerce Department reported Friday. The numbers for the nation's gross domestic product were far better than expected and show an... Read More

2019-04-26 20:22:43
by HJ Mai
China’s Xi Pledges ‘Zero Tolerance’ on Corruption to Calm Belt and Road Initiative Criticism

Chinese President Xi Jinping pledged transparency and zero tolerance for corruption in an attempt to alleviate criticism for his country’s... Read More

Chinese President Xi Jinping pledged transparency and zero tolerance for corruption in an attempt to alleviate criticism for his country’s Belt and Road Initiative from the United States that described the massive infrastructure project as a debt trap for poorer... Read More

2019-03-21 23:31:39
by Dan McCue
Trump Trade Disputes Curbing Taste For American Whiskey

The Trump administration's various trade disputes have caused a slump in American whiskey sales abroad, the Distilled Spirits Council said... Read More

The Trump administration's various trade disputes have caused a slump in American whiskey sales abroad, the Distilled Spirits Council said on Thursday. In a new report the industry group said whiskey exports were robust in the first half of 2018,... Read More

2019-03-19 13:46:11
by Dan McCue
NAFTA Replacement Leaves Some Longstanding Issues In Place

A fix for the documentation glitch isn't the only issue National Association of Foreign Trade Zones would like to see... Read More

A fix for the documentation glitch isn't the only issue National Association of Foreign Trade Zones would like to see addressed in the USMCA implementing legislation. Erik Autor, president of the association,  said his members long felt that rules established... Read More

2019-03-19 13:46:08
by Dan McCue
Foreign Trade Zones, Long Engines of U.S. Economic Development, Now Face Trade Policy Challenges

Most of us don't think much about foreign trade zones. The phrase itself suggests "other" and "offshore" and somehow "separate."... Read More

Most of us don't think much about foreign trade zones. The phrase itself suggests "other" and "offshore" and somehow "separate." The reality, however, is that foreign trade zones, right here on U.S. soil, play a critical role in economic development... Read More

2019-03-15 23:02:19
by TWN Staff
New Democrat Coalition Releases Trade Task Force Goals for the 116th Congress

This week, the New Democrat Coalition Trade Task Force revealed their goals for the 116th Congress. The task force works... Read More

This week, the New Democrat Coalition Trade Task Force revealed their goals for the 116th Congress. The task force works to advance a U.S. trade agenda that grows the economy, creates U.S. jobs, and ensures the United States sets the... Read More

2019-03-06 21:27:53
by Dan McCue
US Trade Deficit Surged to 10-Year High In December

The United States' trade deficit surged to a 10-year high in December, reaching $59.8 billion despite the Trump administration's efforts... Read More

The United States' trade deficit surged to a 10-year high in December, reaching $59.8 billion despite the Trump administration's efforts to end and renegotiate trade deals the president claims place the nation at an economic disadvantage. Figures released by the... Read More

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