US, China reach partial agreement on trade

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

US, China reach partial agreement on trade

 

Image of three financial leaders standing in front of Chinese and American flags
Photo: Johannes Eisele/Agence France-Presse/Getty Images

President Trump has agreed to a limited trade agreement with Beijing that will roll back existing tariff rates on Chinese goods and cancel new levies set to take effect Sunday as part of a deal to boost Chinese purchases of U.S. farm goods and obtain other concessions.  (WSJ story is here).

Former USTR Mike Froman, has, however, offered some criticism, characterizing it as a purchase and sale agreement failing to address America’s substantive concerns with China’s trade practices.

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China to launch a CBDC—but will it improve the yuan’s internationalization?

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

China to launch a CBDC—but will it improve the yuan’s internationalization?

A pile of scattered Chinese 100 Yuan bills

As reported by the City Journal, the Chinese government recently announced its intention to launch the first-ever central-bank-directed digital currency, or CBDC. The press release, accompanied by a speech from the project’s head, Central Bank Deputy Director Mu Changchun, caused a stir in tech-oriented media circles, especially in the U.S. and other developed nations.  But it’s not clear that a CBDC will have a major impact on the internationalization of the RMB.  Story here.

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China says US ‘spoiled’ APEC party as trade war truce hopes fade

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

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NAFTA talks forced Canada to pick a side in U.S.-China trade war

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

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The TPP Could Create New Value Chains in Asia, Independent of China and US

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

The TPP Could Create New Value Chains in Asia, Independent of China and US

Chris Brummer Comments on TPP, Trump arrives at World Economic Forum
U.S. President Donald Trump arrives for the World Economic Forum annual meeting in Davos, Switzerland, on Jan. 25. Source: asia.nikkei.com

The new TPP could create a new force for treatymaking unaligned with either China or the United States, according to new analysis from Bannon’s.

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China’s Weak Hand in Potential Trade War With U.S.

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

China’s Weak Hand in Potential Trade War With U.S.

A Chinese flag in Beijing’s central business district. While China has many options with which to retaliate against potential United States tariffs, it has few good ones. Credit Jason Lee/Reuters

Christopher Bedoor argues in the New York Times that China’s stockpiles of U.S. Treasuries makes a trade war with the United States improbable.

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Canada launches case against US at WTO

Professor of Law : Georgetown University, and Director, Institute of International Economic Law

Canada launches case against US at WTO

Chris Brummer, Canada, WTO, China
A flock of Canada geese flies over cargo ships at anchor in English Bay, outside the Port of Vancouver, British Columbia, Canada, November 19, 2016. REUTERS/Chris Helgren/File Photo

An important development in North American trade matters not involving NAFTA happened this week.  According to Reuters, Canada launched a complaint against the US last week, challenging Washington’s use of anti-dumping and anti-subsidy duties.  Nearly 200 examples of alleged U.S. wrongdoing were reportedly alleged, though interestingly, the examples did not concern China, but other trading partners including China, India, Brazil and the European Union.

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