US Agency Finalizes China Tariffs Biden Announced in May
The office of the U.S. Trade Representative on Sept. 13 formally approved tariff increases on billions of dollars in Chinese goods, paving the way for them to go into effect in two weeks.
US Cites Threat of Chinese EVs Made in Mexico as Trade Worry
The Biden administration is keeping an eye on attempts by Chinese companies to export cars from Mexico into the United States.
Export Controls ‘Matter More Than Ever,’ Commerce Chief Raimondo Says
U.S. restrictions on exports “are at the red-hot center of how we best protect our democracies” because they cut off supply of crucial technologies to countries that threaten American national security, Commerce Secretary Gina Raimondo said.
Senators Blast US Trade Chief on Failure to Consult Congress
A bipartisan group of the top senators on the committee that deals with trade blasted President Joe Biden’s chief negotiator for failure to adequately consult with lawmakers regarding the administration’s positions.
Canada to Join Mexico in Complaint Over US Car-Origin Rules
Canada plans to formally join Mexico in calling for an arbitration panel to resolve a dispute with the U.S. over how to interpret rules governing the origin of vehicle parts.
Raimondo Calls for Surge in Chip Production
Commerce Secretary Gina Raimondo called for a major increase in U.S. production capacity for computer chips whose current shortages are causing global manufacturing bottlenecks, saying the push could create jobs and wean the nation off over-dependence on China and Taiwan.
US Trade Gap Widened to Record $74.4 Billion in March
The U.S. trade deficit widened to a record in March as the value of imports surged to a new high.
Rhode Island Gov. Gina Raimondo Confirmed as Commerce Secretary
Gina Raimondo easily won Senate confirmation as Commerce secretary, placing the Rhode Island governor at the heart of President Joe Biden’s efforts to revive the U.S. economy and confront alleged unfair trade practices by China.
US Trade Gap Widened to Second Biggest on Record in November
The U.S. trade deficit widened to the second largest on record in November as merchandise imports reached a more than one-year high in the midst of the holiday shopping season, causing the shortfall in goods to climb to the highest yet.
US Goods-Trade Gap Unexpectedly Narrows on Drop in Imports
The U.S. merchandise-trade deficit unexpectedly narrowed in September from the prior month’s record as imports declined for the first time in four months.