Trump initiated a review of the U.S. steel industry that allows for the imposition of tariffs or quotas on imports if they are found to threaten national security.
The U.S. will need support from its allies to pressure the Chinese into reducing production of goods like steel, one expert says.
Michael Stumo, Coalition for a Prosperous America, and Scott Kennedy, CSIS, debate whether the Trump administration is putting the U.S. on track for a trade war with China.
Republican trade lawmaker on Wednesday questioned the Trump administration's plans to renegotiate a trade deal with U.S. ally South Korea, as well as the White House's focus on bilateral trade deals. Since the pact, known as KORUS, went into effect in 2012, the U.S. trade deficit with South Korea has more than doubled to nearly $28 billion last year.
WASHINGTON, July 19- U.S.- China economic talks appeared off to a contentious start on Wednesday as senior Trump administration officials demanded a "more fair" China trade relationship while both sides canceled news conferences previously planned to discuss outcomes. Commerce Secretary Wilbur Ross in opening remarks to the annual summer dialog between...
LONDON/ GENEVA, July 19- U.S. President Donald Trump's plan to impose steel import tariffs for national security reasons would likely trigger a swift "safeguard" action by the European Union, political and industry sources said. Challenging the plan through the World Trade Organization's dispute system would take years.
U.S. and Chinese delegations participating in an annual economic dialogue canceled news conferences following talks' conclusion.
The first round of talks revamping NAFTA will be Aug. 16-20 in Washington.
Trump administration officials want U.S. companies to have more access to China's economy.
U.S., Mexican and Canadian trade officials plan to hold seven rounds of talks in a bid to wrap up the renegotiation of the NAFTA rapidly.
Most of the Republican Party is populated by die-hard free traders who wouldn’t be fans of a new version of NAFTA, Vox reports.
WASHINGTON, July 19- Senior Trump administration officials said on Wednesday they wanted to break down barriers to sales of U.S. products to China and secure more U.S. company access to the Chinese economy to rebalance what they say is an unfair trading relationship. "We must create more balance in our trade by increasing exports of made-in-America goods to...
WASHINGTON— Cake and conversation, it seems, can go only so far to mend longstanding economic rifts between the United States and China. And Trump is criticizing China again for failing to use its economic leverage to rein in its neighbor and ally, the nuclear rogue state North Korea. "I'm not looking for anything worthwhile," says Derek Scissors, a China specialist...
CNBC's Kayla Tausche reports the latest from the Comprehensive Economic Dialogue in Washington D.C. where officials from the U.S. and China are meeting to discuss economic issues like trade between the two countries.
Michael Froman, former U.S. trade representative talks about the risks involved if the North American Free Trade Agreement is renegotiated.
"What I think we will see is an attempt by both sides to be able to declare victory by coming up with a few very specific areas in which China agrees to open up its markets more and which the U.S. can claim as victories," said Eswar Prasad, a professor of trade policy at Cornell University and a former China division chief at the International Monetary Fund.
Craig Botham, emerging market economist at Schroders, takes a look at the state of U.S.-China relations and where it could be heading with the Trump administration.
Wilbur Ross and Steven Mnuchin have slightly different messages about U.S.-China trade ties. Ira Kalish, chief global economist at Deloitte, weighs in.
Bilateral trade talks between the U.S. and China are set to begin as a previously announced 100-day deadline draws to a close. CNBC's Sophia Yan reports.
OTTAWA, Ontario— Canadian Prime Minister Justin Trudeau says he will continue to defend the supply management system that protects the Canadian dairy industry in talks about revamping the North American Free Trade Agreement. Congressman Ron Kind, a Democrat from Wisconsin, says he does not want to jeopardize a crucial trading relationship with Canada but...