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What are the differences between NAFTA and the USMCA?
The Senate has passed a new trade agreement among the U.S., Mexico and Canada. The USMCA, as it’s now called, is meant to replace the North American Free Trade Agreement, and it does change or replace some important provisions --…
U.S. drops designation of China as currency manipulator
Treasury Secretary Steven Mnuchin said the administration had dropped China’s designation as a currency manipulator because of commitments in the Phase 1 trade agreement that President Donald Trump is to sign with China on Wednesday at the White House.
China welcomes preliminary deal in trade war it blames on US
Chinese experts and news media joined government officials in saying the deal would reduce uncertainty for companies, at least in the short term. They remained cautious, saying both sides will have to show a willingness to compromise to resolve the…
Mexico expects U.S. to approve USMCA trade deal
Mexican President Andrés Manuel López Obrador said Friday he expects the U.S. Congress to approve the new regional trade agreement with his country and Canada by Dec. 20.
Investors had been hoping for a deal this year, or at least enough progress to stave off new U.S. tariffs on Chinese goods, including smartphones and laptops, scheduled to start Dec. 15.
In our news wrap Friday, the U.S. and China reached a partial trade deal after 15 months of disagreement. President Trump agreed to suspend a tariff hike scheduled to go into effect Tuesday, and China pledged to buy up to…
Trump says Japan will open new markets to approximately $7 billion in U.S. agriculture products, including beef, pork, wheat, cheese, corn, wine and more.
After a short session on Friday, the lead Chinese negotiator, Vice Premier Liu He, left the Office of the U.S. Trade Representative about midday, though it was not immediately clear whether talks had ended.
President Trump declared victory on Monday on a deal more than a year in the making. The United States-Mexico-Canada Agreement, or USMCA, largely keeps the structure of the 1994 North American Trade Agreement, but gives U.S. dairy farmers greater access…
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