U.S. trade representative says U.S. to raise tariffs to 25% on $200 billion in Chinese goods. Prospects for a speedy conclusion to the U.S.-China trade fight dimmed Monday after U.S. officials accused Beijing of reneging on its promises and vowed to implement President Trump’s threat to raise tariffs quickly on Chinese imports.
About Herb Cochran
Senior Advisor, Trade Facilitation.
Entries by Herb Cochran
NEW YORK — Brooks Sports will move the bulk of its manufacturing operations from China to Vietnam as the trade talks between Washington and Beijing drag on with no certain conclusion, CEO Jim Weber said Friday. The shoes and sports apparel company, known as Brooks Running, is a unit of Warren Buffett’s Berkshire Hathaway. “Tariffs are muddying the water
President Trump, emboldened by a strong American economy and wary of criticism that an evolving trade deal with China would not adequately benefit the United States, threatened on Sunday to impose more punishing tariffs on Chinese goods in an attempt to force additional concessions in a final agreement.
A former General Electric engineer and a Chinese businessman were indicted Apr 18, 2019 on charges of economic espionage and conspiring to steal the U.S. company’s trade secrets related to gas turbine technologies, according to the Justice Department. The two passed on the stolen trade secrets, knowing it would benefit the Chinese government, the department said.
AFL-CIO President Trumka explained in a TV interview the specific actions needed by Mexico to implement the Labor Chapter of the USMCA before labor unions would support it.He also sent a letter to members of the U.S. House of Representatives on Apr 30, 2019 urging changes in the agreement before approving it.
Apr 28, 2019. President Trump’s push to revamp North America’s trade rules is hitting a roadblock in Washington as Democrats and labor groups demand changes, dimming its chances of passage before next year’s presidential election.
Tsai Ing-wen may be the one democratic leader thanking her lucky stars for the U.S.-China trade war. The uncertainty generated by the trade war has Taiwanese companies shifting operations back home. It also is fueling hopes that big multinationals will switch out of China and boost Taiwan’s prospects.
BANGKOK — Thailand’s Charoen Pokphand Foods is boosting investment into Vietnam, marking one of the first big moves to piggyback on Vietnamese access to Trans-Pacific Partnership countries since the pact took effect at the turn of the year.
“No enforcement, no treaty,” she told Politico.
Univar USA Inc. has agreed to pay the United States $62.5 million to settle allegations under the customs penalty statute that it was grossly negligent or negligent when it imported 36 shipments of transshipped saccharin between 2007 and 2012. The saccharin was manufactured in China and transshipped through Taiwan to evade a 329 percent antidumping