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Since taking office, the Biden Administration has been slow to engage on the trade agenda, putting a priority on jobs and seeking to reinvest in America’s competitiveness. The U.S....
Trade groups and experts have given a cautious welcome to the Biden administration's new China trade policy, which includes "recoupling" with the world's second-largest economy instead of "decoupling", but they said it was "distressing" that US tariffs on Chinese goods would remain.
When the United States abandoned the North American Free Trade Agreement (NAFTA) to embrace the United States-Mexico-Canada Agreement (USMCA), it did so under the premise of crafting a better trade arrangement for itself. Established in 1994, NAFTA created a trilateral trade bloc that encouraged commerce between nations. But critics have accused it of encouraging the offshoring of U.S. jobs and dramatically suppressing wages â particularly within the automotive and manufacturing sectors. Signed in 2018, and revised the following year, the USMCA was supposed to remedy those issue...
5/27/2021 10:57:28 AM GMT Overview: Dollar demand linked to the month-end gave the greenback a bit of a reprieve, helped by firmer bond yields. Some momentum players may have been forced out of the euro and yen when the $1.22 and JPY109 levels yielded. However, follow-through dollar buying has been limited, and it has come back a little softer but broadly so. The US 10-year yield has steadied after the 1.55% level held for the second session, though the upside has been limited to a few basis points. European benchmark yields are narrowly mixed after the recent declines, encouraged ostensibly ...
U.S. Trade Representative Katherine Tai made drew criticism from Republicans and the pharmaceutical industry when she announced the Biden administration would pursue a deal through the World Trade Organization to