trade

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Trump's TPP Deal: Good News for China?

All eyes on Beijing as US move creates a void in Asian trade

(Newser) - President Trump made good on a campaign promise Monday when he pulled the US out of the Trans-Pacific Partnership, a sweeping 12-nation deal that was a key part of President Obama's aim to increase ties with Asia while keeping China in check. So now what?
  • China wasn't part
... More »

Chinese Media Warn of 'Showdown With US'

Editorials condemn appointment of Peter Navarro

(Newser) - Surprise: China is not too pleased that an economist who's referred to Beijing as "the planet's most efficient assassin" will head the new White House National Trade Council. "The US can no longer push China around today," says China's state-run tabloid Global Times in... More »

Trump Makes 2 Controversial Picks for His Economic Team

One of them wrote Death by China

(Newser) - Donald Trump has chosen the author of Death by China and The Coming China Wars to lead a new national trade body, signaling that he isn't planning to budge on the anti-China rhetoric of the campaign trail. Economist Peter Navarro, a leading China hawk, has been appointed head of... More »

The Makings of a Viral Story: One Woman, 20 iPhones, 20 Lovers

It's a great story ... if it's true

(Newser) - One woman's personal journey to homeownership in China—which involved 20 iPhone 7s, 20 boyfriends, and some masterful manipulation—has gone viral, with New York Magazine calling it "a move so brilliant ... I can only hope it is real." It doesn't look like it is, but... More »

Trump Owned Clinton in the Debate Over Trade

Analysis: He started the night strong on this topic

(Newser) - Generally speaking, pundits think Hillary Clinton came away as the overall winner in Monday night's debate. But at Slate , Jordan Weissmann writes that the night didn't start out that way at all: The first question was on trade, and Trump "absolutely savaged" a seemingly ill-prepared Clinton on... More »

Obama Faces a Really, Really Huge Vote Today

Senate to hold procedural vote that would grant him fast-track authority

(Newser) - It's phoenix-from-the-ashes time for President Obama: The Senate will today hold a key procedural vote that would grant the president "fast track" authority to negotiate a trade deal with 11 Pacific Rim nations. For the measure to clear a procedural hurdle, at least 60 senators need to support... More »

Obama's Trade Deal Isn't Dead Yet

But it's basically on life support, with few options left

(Newser) - President Obama's humiliating defeat by his own party hasn't killed the Trans-Pacific Partnership just yet, but as Politico puts it, it's in "critical condition." Though House Democrats rejected his attempt to gain fast-track authority to negotiate the trade deal, Obama and House Republicans are exploring... More »

WikiLeaks Offers $100K Reward for Secret Trade Deal

Julian Assange: 'Let's open the TPP once and for all'

(Newser) - If you've somehow gotten your hands on the "missing chapters" from the ultra-secretive Trans-Pacific Partnership trade deal, WikiLeaks will give you $100,000 to hand them over. As for where that hundred grand is coming from, well, the organization hopes users are so anxious to see the document... More »

Obama, McConnell Get Big Win on Fast-Track Deal

Now comes a tougher battle in the House

(Newser) - The Republican-led Senate has handed President Obama a major victory by approving his request for enhanced trade-negotiating authority. The Hill notes that it's also a big win for Senate Majority Leader Mitch McConnell, who had declared it a high priority. The bill now faces a tough battle in the... More »

What Worries Me After Reading Obama's Secret Trade Deal

Much is kept secret from those being asked to advise on it: Michael Wessel

(Newser) - It's hard to publicly criticize a trade deal when revealing details of said deal could land you in jail. But Michael Wessel, a designated "cleared adviser" who has read President Obama's proposed Trans-Pacific Partnership , writes at Politico that critics such as Elizabeth Warren are right to be... More »

Senate Dems Strike Blow to Obama in Trade Vote

President doesn't get votes needed to move forward on Trans-Pacific Partnership

(Newser) - Senate Democrats have struck down a measure that would have helped President Obama settle a trade pact with Asian countries, the New York Times reports. Sixty votes were needed to pass a measure to launch debate on Obama's "trade promotion authority"—but it was blocked thanks to... More »

NY Governor to Head to Cuba on Trade Mission

Andrew Cuomo has planned several international trips to aid upstate economies

(Newser) - New York's governor, Andrew Cuomo, is poised to visit Cuba on a trade mission within months, an insider tells the Wall Street Journal . The move would make Cuomo one of the first major US politicians to head to the island since diplomatic relations between the countries have been renewed.... More »

Ecuador to US: We Won't Cave Over Snowden

No decision yet, but President Correa cites 'threats, insolence' from Washington

(Newser) - Ecuador is holding firm in its decision to consider Edward Snowden's bid for asylum in the country, and it won't let the US change its mind, President Rafael Correa says. Referring to trade benefits the US provides Ecuador, Correa says: "In the face of threats, insolence, and... More »

China Tops US in Global Trade

Chinese end America's post-war trading dominance

(Newser) - Hello, empire? China announced that it has surpassed the US in at least one economic category, becoming the world's top trading nation in goods. China says that last year its combined imports and exports barely edged out America's, $3.87 trillion to $3.82 trillion, the Guardian reports.... More »

Obama Files Trade Complaint Against China

Accuses Romney's companies of being 'pioneers in outsourcing'

(Newser) - Barack Obama launched a trade enforcement case against China today, arguing that it had unfairly subsidized its automobile exports—and he didn’t hesitate to make political hay of it. As he announced the policy in Ohio, Obama took a swipe at Bain Capital's record on outsourcing, the New ... More »

Yankees Trade for Ichiro

Seattle Mariners give up star outfielder for two pitchers

(Newser) - The New York Yankees have acquired star outfielder Ichiro Suzuki from the Seattle Mariners in a trade for two pitchers. The Yankees also got cash in the deal that sent right-handers DJ Mitchell and Danny Farquhar to the Mariners. The trade was announced a few hours before the Yankees played... More »

Time to Upgrade Trade With Russia

Hillary Clinton: Congress must ditch outdated amendment

(Newser) - With Russia finally due to enter the World Trade Organization, Hillary Clinton is urging the US to take a hard look at its own trade policy. A 1970s law currently prevents us from normal trade with Moscow, but at this point, that legislation is hurting only us. The Jackson-Vanik amendment... More »

Obama Files Trade Complaint Against China

Says it's trying to 'skirt the rules' when it comes to rare-earth minerals

(Newser) - The US, Japan, and the European Union filed a joint complaint against China with the World Trade Organization today over Beijing's limits on rare-earth mineral exports, which they say violate China's international agreements. In a speech in the Rose Garden, President Obama accused China of "skirting the... More »

Don't Kid Yourself, Tea Party: Elites Are Still In Charge

Washington knows which side its bread is buttered on, Dana Milbank writes

(Newser) - The supposedly tea-stained House of Representatives passed three free trade bills yesterday, despite ample polling data showing that Tea Party voters are strongly opposed to free trade. It’s just further proof, writes Dana Milbank of the Washington Post , that “for all the talk of populist foment,” from... More »

China Threatens 'Trade War' Over Senate Bill

Bill would place tariff on countries that depress their currencies

(Newser) - A senior Chinese official warned today that the US is in for a “trade war” if it enacts a Senate bill that would punish China for artificially keeping its currency low. The bill “in no way represents the reality of the economic and trade relationship between China and... More »

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