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Trade

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  • WASHINGTON— If the U.S. doesn't write the rules of international trade, President Barack Obama warns, China will. In fact, China is already helping write those rules, and in some ways has jumped ahead of the game. China is the largest economy negotiating the Regional Comprehensive Economic Partnership, 16 countries that include the 10 members of the Association of...

  • Balancing act for House Democratic Leader Pelosi on trade Wednesday, 20 May 2015 | 2:37 AM ET

    WASHINGTON— As House Speaker, Nancy Pelosi delivered the signature achievement of President Barack Obama's first term: his health care bill. Democratic lawmakers point out that there's little political upside for Democrats to grant Obama "fast track" authority to negotiate trade deals that Congress can approve or reject but not amend. Yet despite their...

  • WASHINGTON, May 19- Legislation to fast track trade deals through Congress inched a step closer to a U.S. Senate vote on Tuesday but Democratic and Republican senators threatened to block debate until they are assured of a vote to keep the Export-Import Bank alive. U.S. Senate Majority Leader Mitch McConnell, a Republican, took procedural steps aimed at bringing...

  • CEDAR FALLS, IOWA, May 19- Democratic U.S. presidential contender Hillary Clinton set up a potential clash over sensitive trade legislation with the White House on Tuesday, urging steps to prevent currency manipulation and lawsuits by foreign companies against governments. The White House also ratcheted up pressure on lawmakers, threatening to veto...

  • Obama, Senate Republicans work together on trade bill Tuesday, 19 May 2015 | 4:13 PM ET

    WASHINGTON— The Obama administration and Senate Republicans worked in unusual harmony Tuesday to advance major trade legislation opposed by many rank-and-file Democrats, an expanding struggle already leaving a mark on the 2016 campaigns for the White House and control of Congress. McConnell is one of President Barack Obama's fiercest critics in...

  • CEDAR FALLS, IOWA, May 19- Democratic U.S. presidential contender Hillary Clinton clashed with the White House on Tuesday saying she wants any trade legislation to address concerns over "currency manipulation," dealing a damaging blow to one of President Barack Obama's key policies for his second term. Soon after Clinton spoke on the campaign trail in Iowa,...

  • WASHINGTON— If the U.S. doesn't write the rules of international trade, President Barack Obama warns, China will. In fact, China is already helping write those rules, and in some ways has jumped ahead of the game. China is the largest economy negotiating the Regional Comprehensive Economic Partnership, 16 countries that include the 10 members of the Association of...

  • Secretary of State John Kerry on Tuesday made an impassioned plea to Congress to pass fast-track legislation needed for a 12- nation Pacific trade agreement, saying that failure to do so would benefit U.S. rivals. Prospects for sealing the Trans-Pacific Partnership cleared a crucial test in the U.S. Senate last Thursday, when the chamber resoundingly agreed...

  • BRASILIA, May 19- China has ended an embargo on Brazilian beef imports, Brazil's agriculture ministry said on Tuesday, lifting a three-year old ban and opening the door to half a billion dollars of new sales. Eight Brazilian beef processing plants and one poultry plant were approved to ship to China, the ministry said in a statement after Brazilian President...

  • CEDAR FALLS, IOWA, May 19- Democratic U.S. presidential contender Hillary Clinton said on Tuesday she wants any trade legislation to address concerns over "currency manipulation," a view that puts her at odds with the White House over granting fast-track Trade Promotion Authority to the president. The Senate is to vote this week on the fast-track measure that...

  • WASHINGTON, May 19- The United States will press potential partners in a Pacific trade pact for agreement on currency policies "in the context of" the trade deal, U.S. It was not clear what form this agreement could take as the negotiators from the United States, Japan, South Korea and other countries try to reach a Trans Pacific Partnership deal.

  • SIOUX FALLS, S.D.— Congress should not hastily act on repealing country-of-origin meat labeling in the wake of a World Trade Organization ruling against the labels, South Dakota Stockgrowers Association President Bob Fortune said. Some groups including the North Dakota Stockmen's Association are now calling for Congress to repeal the law, saying they fear...

  • Trade is about growing the pie: HSBC CEO   Tuesday, 19 May 2015 | 6:51 AM ET
    Trade is about growing the pie: HSBC CEO

    Patrick Burke, HSBC USA CEO, shares his thoughts on opening up trade in the U.S., and its link to job creation.

  • HONG KONG— For Americans, there are cheaper vacations in Europe and lower-priced imports. A Chinese factory is selling fewer goods in Europe. In Europe, many exporters have benefited because a stronger dollar tends to make their products cheaper in the United States.

  • Chinese PM starts South American investment tour Tuesday, 19 May 2015 | 12:09 AM ET

    BRASILIA, Brazil— China's Premier Li Keqiang and Brazilian President Dilma Rousseff agreed on Tuesday to embark on studies for an ambitious railway linking Brazil's Atlantic coast with a Pacific port in Peru, and announced billions in other investments and trade deals. "A new path to Asia will open for Brazil," said Rousseff. "We're moving into a different era,...

  • For Brazil, China premier's visit is timely: UBS   Monday, 18 May 2015 | 10:30 PM ET
    For Brazil, China premier's visit is timely: UBS

    Jorge Mariscal, regional CIO of emerging markets at UBS, says Chinese Premier Li Keqiang's visit comes at a time when Brazil is in dire need of foreign direct investments and private investments.

  • PORTLAND, Ore.— The head of the largest U.S. trade union federation said Monday that a bad deal is worse than no deal, and he urged Congress not to support fast-track legislation that would let President Barack Obama present Congress with proposed trade agreements that lawmakers can ratify or reject, but not amend. Trumka spoke Monday at a news conference about 10...

  • WASHINGTON, May 18- U.S. Senate Finance Committee Chairman Orrin Hatch said on Monday he is prepared to stay as long as necessary to pass legislation key to a Pacific trade pact before lawmakers go on a break at the end of this week. Hatch, a Republican, said there is no reason for debate to drag on, despite potentially dozens of amendments to legislation to streamline...

  • WASHINGTON— The Senate rejected a liberal-led move Monday to increase aid for workers who lose their jobs to imports, pushing for passage by week's end of major trade legislation sought by President Barack Obama. In remarks on the Senate floor, Majority Leader Mitch McConnell said the trade legislation and two other bills— one to renew the Patriot Act, the other...

  • BRUSSELS, May 18- Russia avoided further diplomatic confrontation with Ukraine and the European Union at three-way trade talks on Monday and did not renew previous demands for Kiev's duty-free deal with the bloc to be put on hold. EU Trade Commissioner Cecilia Malmstrom highlighted the fact that all three parties jointly signed a statement that said the pact,...