Reports in the specialist global trade press on March 22 indicated that the US Senate will not accept notice of the start of NAFTA renegotiations until President Trump’s US Trade Representative (USTR) nominee, Robert Lighthizer, has been confirmed.
Though the EU-US TTIP agreement is widely thought to be “in the freezer”, evidence given to confirmation hearings by Robert Lighthizer, Donald Trump’s nominee for US Trade Representative, seems to indicate the US Administration is still open-minded about its future.
There’s no doubting the Trump team’s commitment to cutting imports. But it keeps getting tougher to see what how they want to do it.
German Chancellor Angela Merkel will tactfully threaten Donald Trump with av range of punitive measures if he continues to plan anti-German trade moves, a leaked German government briefing paper published in the March 10 edition of Der Spiegel has reported.
Before a March 14-15 meeting in Chile planned to review next steps after US withdrawal from the TPP, other negotiating partners – plus China, Korea and Colombia – shared views on future possibilities.
A March 10 article in the Financial Times, generally reflecting much other comment, claims US officials dealing with trade are engaged in a “civil war” with each other.
On March 10, almost two months after the day Trump promised to leave NAFTA, Commerce Secretary Wilbur Ross revealed it had not yet decided its strategy.
In a March 10 background briefing with reporters, US officials surprisingly revealed the Trump administration has “not formulated a final position” on whether or not it will continue to pursue a proposed Transatlantic Trade & Investment Partnership (TTIP) agreement with the EU.
“China must be ready to face [the] growing trend of protectionism” said its Premier Li Keqiang on March 5.
US critics link another broken Trump trade promise to Trump administration corruption. Possibly inaccurately
For the second time in a week, US critics have accused the Trump administration of corrupt motives for dishonouring pre-election trade promises.
Commerce Secretary Wilbur Ross, in a March 3 interview, offered insights into general trade priorities and his priorities for the NAFTA renegotiation.
The Gallup organisation reported on February 24 that US public support for NAFTA in early 2017 was greater than opposition for only the second time in 20 years
More Americans saw international trade favourably in 2017, the Gallup Organisation reported on February 16, than in any year for the past quarter century.
Shujiro Urata, a fellow of the Japan Centre for Economic Research and a former economist at the World Bank, said on February 28 that China has been unable to “contribute constructively” to the past five years’ Regional Comprehensive Economic Partnership (RCEP) talks and would be unable to accept some key TPP chapters.
Although in January Donald Trump summarised his objectives as “Buy American, hire American”, major policy priority summaries now almost ignore trade programmes.