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