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 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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Is the US heading back to the TPP? Not so fast

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

Is the US heading back to the TPP? Not so fast

President Trump Speaks at World Economic Forum, Chris Brummer Comments
U.S. President Donald Trump speaks at the World Economic Forum annual meeting in Davos, Switzerland, on Jan.26. © Reuters

Although the US is opening the door to TPP, joining the accord now will take time.  Analysis of some of the challenges is here.

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Mexico’s Economy Minister Wants to Shift Focus Away from Trade Deficits

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

Mexico's Economy Minister Wants to Shift Focus Away from Trade Deficits

Mexico economy trade minister comments on NAFTA on Chris Brummer's site MiniLateralism
image credit: REUTERS/Edgard Garrido

The United States, Mexico and Canada are gearing up to re-negotiate NAFTA. President Trump is calling for a smaller trade deficit (the trade deficit from the U.S. to Mexico is $64 Billion).

Mexico relies heavily on the U.S. because 80% of its exports are sold to the United States. Mexico's economy minister argues if NAFTA is abandoned, the U.S. trade deficit could rise even higher.

Read More.

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