Archive | Trade Promotion Authority

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  • First details emerge of probable NAFTA and Border Tax legislation – but where’s China?

    US Congressional Republican leaders made their pitch on February 1 and 2 for handling NAFTA renegotiation and border taxes. Trump’s earlier China commitments seem to have disappeared.

  • AGOA renewal threatened by US Senate block on discussing TPP “Fast track”

    Though possibly temporary, the May 12 US Senate rejection of a proposal to speed up approval of the Trans-Pacific Partnership (TPP) also imperilled progress on other key trade issues – such as renewing of the AGOA programme, which expires on September 30. By late May 13, Senate deals seemed to offer greater likelihood of progress. 

  • The US is still unlikely to get the TPP its retailers want

    In mid-April American Democrat and Republican politicians announced an agreement designed to speed up US approval of the proposed Trans Pacific Partnership (TPP). In a recent FlanaRant I explained why I’m still sceptical a TPP deal will pass into law soon – and why it won’t be the deal US retailers have been chasing.

  • US Treasury report on currencies indicates more political squabbling over trade

    The six-monthly US Treasury report on currency rates claims that China’s RMB “remains significantly undervalued” and that “China should allow the market to play a greater role in determining the exchange rate.” 

  • US plans for TPP seem to slip further

    The US President’s Trade Agenda released on March 4 says “in 2015, [the US] will conclude negotiations with TPP countries.” But the day before, Orrin Hatch, the Republican chairing the Senate Finance Committee, told reporters Congressional discussions on Trade Promotion Authority (TPA) –  a legal procedure designed to speed its ratification – are “kind of stuck.” 

  • US “Fast track” process hits snags

    Attempts to create a US Congressional consensus for tabling Trade Promotion Authority legislation had made little progress by the end of February.

  • US launches WTO complaint against China’s “Demonstration Bases” export subsidies

    In a move probably aimed above all at US politicians, the US government announced on February 11 the first steps in a formal WTO case against Chinese export subsidies for seven product groups, including textiles and apparel.