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The Latest News about trade

Treasury’s Mnuchin Says US Putting Trade War With China ‘On Hold’

Steven Mnuchin

  by Will Racke The U.S. and China are backing off threats to hit each other’s exports with tariffs while they work on a larger trade agreement, Treasury Secretary Steven Mnuchin said Sunday. “We are putting the trade war on hold. Right now we have agreed to put the tariffs on hold while we try to execute the framework,” Mnuchin told Fox News ...

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Trade talks: China to substantially reduce U.S. trade deficit

China Shipping Tanker

A U.S. – China trade delegates met in Washington, D.C. and agreed that China would take “effective measures to substantially reduce the United States trade deficit” with the large Asian nation. “To meet the growing consumption needs of the Chinese people and the need for high-quality economic development, China will significantly increase purchases of United States goods and services. This ...

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Joint Statement of the United States and China Regarding Trade Consultations [Full Text]

Donald Trump and Xi Jinping

At the direction of President Donald J. Trump and President Xi Jinping, on May 17 and 18, 2018, the United States and China engaged in constructive consultations regarding trade in Washington, D.C. The United States delegation included Secretary of the Treasury Steven T. Mnuchin, Secretary of Commerce Wilbur L. Ross, and United States Trade Representative Robert E. Lighthizer. The Chinese ...

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EU Leaders Say They’ll Work With Trump To Open Up Markets To US Products

Europe-break-up1

  by Will Racke Leaders from several European Union countries said Thursday they’re ready to negotiate with Washington on opening up their markets to more U.S. exports in exchange for a blanket exemption on industrial tariffs. At an EU-Western Balkans summit in Sofia, Bulgaria, leaders settled on several areas where they would be willing accommodate President Donald Trump’s administration, on ...

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White House: Trump’s Success Opening International Markets To U.S. Agriculture

WHAT: President Trump has successfully promoted U.S. agriculture and food trade around the world, breaking down barriers to U.S. agricultural exports. Today, President Trump is announcing that the Administration has finalized technical requirements to allow the export of U.S. pork to Argentina for the first time since 1992. This announcement concludes a process started by the President in April 2017 ...

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Trump Effect: China blinks on U.S. trade restrictions

President Xi Jinping of China suggested that China would make the Chinese market more accessible to U.S. imports after weeks of tough talk from U.S. President Donald Trump. Mr Xi said Beijing will “significantly lower” tariffs on car imports this year and ease restrictions on foreign ownership in the car industry “as soon as possible”. He also promised to expand ...

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Navarro: ‘Donald Trump is standing up for American interests’

The White House issued a press release Monday touting an op-ed by National Trade Council Director Peter Navarro in which he highlights President Donald Trump’s vision “of a global trading system free of the imbalances and unfair practices that now hold growth back, not just in the US but around the world.”   “[President Trumps] vision is that of a ...

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What You Need To Know About President Trump’s Response to China’s Unfair Trade Practices

The White House issued a statement Friday morning laying out President Donald Trump’s strategy in dealing with China’s unfair trade practices. From the office of the press secretary: WHAT: President Donald J. Trumps Administration is taking action to address China’s unfair trade practices, including the forced transfer of United States technology and theft of U.S. intellectual property. * The U.S. ...

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Trump Threatens China With $100 Billion In Additional Trade Penalties

  by Ryan Pickrell President Donald Trump escalated the trade war with China Thursday with a threat to slap another $100 billion in tariffs on Chinese exports. “In light of China’s unfair retaliation, I have instructed the [United States Trade Representative] to consider whether $100 billion of additional tariffs would be appropriate,” the president said in a statement. Dow futures plummeted in response. In recent ...

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Statement from President Donald J. Trump on Additional Proposed Section 301 Remedies

The White House released a statement by President Donald Trump announcing an additional $100 billion in tariffs against Chinese goods unless China ceases its unfair policy of forcing American companies to turn over technology in return for trade. From the office of the press secretary: Following a thorough investigation under section 301 of the Trade Act of 1974, the United ...

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Trump: We are not in a trade war with China

President Donald Trump said Wednesday the U.S. is not in a trade war with China because America lost that war decades ago. “We are not in a trade war with China, that war was lost many years ago by the foolish, or incompetent, people who represented the U.S. Now we have a Trade Deficit of $500 Billion a year, with ...

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White House: Trump is Fulfilling Promise on U.S. – Korea Free Trade Agreement and National Security

The White House released a statement Wednesday afternoon highlighting successes of the Trump administration in negotiating a bilateral trade agreement with South Korea and National Security. From the office of the press secretary: March 28, 2018 “We want to make a deal that’s fair for the United States and fair for South Korea. “ President Donald J. Trump IMPROVING BAD ...

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Trump suspends steel and aluminum tariffs for several allied countries

Today, based on ongoing dialogues, President Donald J. Trump authorized the modification of the Section 232 tariffs on steel and aluminum imports to suspend the tariffs for certain countries before they take effect. These suspensions are based on factors including ongoing discussions regarding measures to reduce global excess capacity in steel and aluminum production by addressing its root causes. The ...

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Watch Live as Trump Signs a Presidential Memorandum Targeting China’s Economic Aggression

President Donald Trump signs an executive memorandum Thursday intended to highlight China’s unfair trade practices in respect to the United States. The trade actions by the Trump administration come in response to unfair commodity dumping and technology theft by the Chinese. There have been a “number of specific failings by China to live up to its WTO obligations,” said an ...

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To Restore American Leadership, Trump Should Immediately End Relationship With Cuba

Historically, American military engagements are seen as much as a symbolic act of principle as an assertive demonstration of superiority and force. There’s a “why” behind the rationale to engage in certain conflicts that theoretically justify the destruction and loss of life involved. Certain world actors represent such a stain on the American vision of what is absolutely right that ...

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