trade

WASHINGTON—President Donald Trump is taking a hard-nosed approach to tackling one of the most urgent problems facing the country. The trade sanctions that Washington unveiled on March 22 are meant to punish Beijing for employing “unfair trade practices” to steal American technology that will be vital to the U.S. economy in the years ahead. “If […]

President Donald Trump will announce new tariffs on steel and aluminum imports next week, according to Fox News and BBC. The president was set to make the announcement today during a meeting with CEOs from U.S. aluminum and steel companies, but the date was pushed back due to resistance from tariff opponents, which include the U.S. […]

The common ground between Canada and India runs deep. It is therefore puzzling why economic ties are weak especially given the significant opportunity left untapped for trade-hungry Canada.

Evading United Nations sanctions was easy thanks to China, said a North Korean defector who once worked in Office 39, a shady money-making department dedicated to the North Korean leadership. An anonymous defector told the ABC how part of his job was to sell North Korean gold overseas. To do that, he said it was […]

Malaysia, which until recently had been one of Pyongyang’s closest friends, has halted all imports from North Korea, as part of global efforts to cut off funding over its nuclear and missile programs. Malaysia did not buy any goods from North Korea in June and July, after buying 20.6 million ringgit ($4.89 million) worth of goods in the first five […]

China’s first overseas military base—located at a critical chokepoint for global trade looking to navigate the Suez Canal—could be a geopolitical game changer, but it has less impact in military terms. Establishing the Djibouti base at the Horn of Africa signals the Chinese regime’s long-term strategic intentions, say experts. A Chinese Communist Party that once pledged […]

BEIJING (Reuters)—China’s trade with isolated North Korea rose more than 10 percent in the January-June period from a year earlier, a Chinese official said on Thursday, amid pressure from the United States for Beijing to pressurize its troublesome neighbor. Last week U.S. President Donald Trump denounced China’s trade with North Korea, saying it had grown […]

President Trump's economic protectionism could lead the US and China into a trade war. So who would come out on top?

Donald Trump brings the fight to China—in 140 characters or less!

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Prime Minister Justin Trudeau begins his first official visit to China as groups at home call on him to support the human rights of the Chinese people, call for the release of prisoners of conscience, and help end repressive actions that have crossed into Canada. A coalition of groups including Amnesty International is calling on […]

Delegates and supporters of both Hillary Clinton and Bernie Sanders are calling for stronger language opposing the Trans-Pacific Partnership (TPP) trade deal to be included in the party platform. The letters were sent by delegates and supporters in Connecticut, Ohio, and New Jersey on Thursday and Friday, ahead of a full committee meeting of 187 committee delegates […]

If Donald Trump is elected president of the United States on Nov. 9, international trade will drop and the U.S.’s role as defacto leader on the international stage could wane.

Trade policy is among the issues prompting U.S. voters to coalesce around Hillary Clinton and Donald Trump as presumptive nominees for president. Clinton opposes the Trans-Pacific Partnership, calling for a crackdown on trade violations and more enforcement; Trump is critical of nearly all trade agreements, vowing to get tough with top partners like Mexico and China. "The problem is not with the trade agreements," argues Jeffrey E. Garten, author and emeritus dean of the Yale School of Management, in a memo to the candidates, but "with America's failure to create policies at home that equip workers to adjust to rapid import penetration and to exploit new opportunities that trade could bring." Garten, who participated in trade negotiations for four presidential administrations, both Republican and Democrat, concedes that the United States and other countries failed to manage a flood of imports as globalization went into overdrive. He urges the next president to prepare for a new global economy, crafting policies so workers can anticipate trends and adjust to new technologies. Until then, Garten calls for a moratorium on passage of any U.S. trade agreements.

The United States is polarized and so are members of its major political parties, especially on foreign policy. Results of a Pew Research Study released on April 5 suggest that isolationist tendencies are tempered by recognition for the practical need for international engagement. "Wariness of international engagement coexists with unilateralist assertiveness on some issues and a belief that the United States is a force for good," explains Bruce Stokes, director of global economic attitudes at the Pew Research Center. "For the most part, there is no evidence that the American public has become more isolationist, protectionist, or unilateralist in this election year—despite the raucous debates." The survey suggests that, amid many global challenges, two thirds of Americans agree the next president should focus on domestic policies. Deep divisions in the electorate and within each party increase uncertainty, itself a threat for a strong economic comeback. While polarization will linger, Stokes concludes that the election results will influence the U.S. role in the world.

Increased scrutiny on Chinese firms by U.S. regulators could expose companies to trade sanctions, potentially introducing volatility and downward pressure on Chinese stocks.

Growth in world trade is expected to remain sluggish in 2016 due to weak global demand, according to the World Trade Organization (WTO). The slowdown in the Chinese economy dealt a major blow to global trade in 2015 with Chinese imports falling by 14 percent in value terms. In its latest forecasts released on April 7, the […]

Japan, by far the second-biggest economy in the Trans-Pacific Partnership, played a key role in finalizing the trade pact in Atlanta over the weekend.

Although we hear little about it, we should be concerned about pending legislation that could destroy our sovereignty as a free and independent nation.

The trade balance is up, but it's not helping