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Tag Archives: Trump

Trump’s Trade Wars Continues To Ripple Through U.S. Economy

As U.S. President Donald Trump and Chinese Vice Premier Liu He prepare to sign the ‘phase 1’ trade deal, data show that the costs of Trump’s trade wars are proving more widespread, deeper and longer-lasting than previously believed. Research from the U.S. Federal Reserve and other top economists shows that U.S. tariffs on Chinese industrial components and materials, which largely won’t be lifted ...

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U.S. Exempts Australia, Canada, UK From Some Foreign Investment Review

The Trump administration will exempt some companies from Australia, Canada and the United Kingdom from beefed up scrutiny of foreign investments in the United States. The finalized rules, which will go into effect on Feb. 13, extend the powers of the Committee on Foreign Investment in the United States, known as CFIUS, which has increasingly flexed its muscle against Chinese firms. They ...

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U.S. and U.K. Eager To Strike Bilateral Free Trade Agreement

Trump and U.K. Prime Minister Boris Johnson are eager to strike a bilateral free trade agreement after Britain leaves the EU on Jan. 31, but getting there ‘will be a lot more complex’ than either side thinks, former U.S. trade negotiator Wendy Cutler said. “It’s going to take the EU and the U.K. a year to figure out what their relationship ...

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USMCA To Have Positive Impact On Agriculture

The United States-Mexico-Canada Agreement was passed with a bipartisan vote of 385-41, which was agreed by Speaker of the House, Nancy Pelosi and Trump. The new deal replaces the North American Free Trade Agreement, and tariffs on most agricultural products between the three countries remained at zero. The deal imposes stricter labor and environmental enforcement provisions and opens up more agricultural trade ...

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Europe’s Tough Choices

Europe faces hostility from the US, China and Russia owing to its undeniable economic weight in the world and principle of shared sovereignty. But it is still far away from achieving strategic and economic autonomy. The European model, after all, is based on the principle of shared sovereignty among states in crucial areas such as market standards and trade. That liberal ...

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Trump Sets Sight On Europe

The Trump administration has set its sights on Europe, or more specifically, the European Union. Trade relationship between Europe and U.S was “very unbalanced” and warned that the U.S. was prepared to escalate tariffs against EU members. The U.S. slapped a ‘light’ tariff on $7.5 billion worth of EU products in October, as allowed in a WTO ruling. The Trump administration ...

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U.S. Purchases From Vietnam On The Rise

Vietnam’s exports to the United States were 35% higher in the first nine months of 2019 compared to the first nine months in 2018. At the same time, trade expert Michael Ryan explains, various “factors are lengthening the delivery cycle to consumers” from Vietnam. This means U.S. residents are buying much more stuff from Vietnam, and it is taking longer ...

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United States And South Korea Reach Agreement On Guaranteed Market Access For American Rice

United States Trade Representative Robert Lighthizer and U.S. Secretary of Agriculture Sonny Perdue announced that the Trump Administration has reached an agreement with the government of South Korea on market access for U.S. rice. Under this agreement, Korea will provide access for 132,304 tons of U.S. rice annually, with an annual value of approximately $110 million. Korea also agreed to ...

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