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Trade

Passing USMCA Must be Top Fall Priority for Congress

The time has come for the 25-year-old NAFTA to receive a much-needed update.

Time is Ticking on USMCA

In 1994, the North American Free Trade Agreement (NAFTA) entered into force, creating a partnership between the U.S., Canada, and Mexico that progressively eliminated tariffs and all duties and quantitative restrictions, except for a limited number of agriculture products, traded with Canada, that were eliminated by 2008.

China Stabilizes Its Currency A Day After Being Labeled Currency Manipulator

China has a long-standing practice of intervening in its markets to suppress the value of the yuan.

U.S. Must Guard Against Trade War Escalation Using Rare Earth Elements

As the U.S.-China trade war escalates, rare earth elements have become a focal point of economic tension.  Described as an “ace in Beijing's hand", China produces 81 percent of the world’s rare earth elements, with the U.S. importing 80 percent of its rare earths from the Sleeping Giant.  Despite these figures, Chinese dominance over U.S.

Chinese Data on Trade Shows Imports From America Have Fallen in 2019

About a year ago, President Donald Trump’s administration imposed heavy tariffs on foreign manufactured aluminum and steel.  This triggered a domino effect of retaliatory tariffs with China.

The administration’s protectionist moves have scared American businesses and investors. In all, the U.S. has put tariffs on $250 billion of Chinese goods.  The administration has justified these tariffs by claiming that trade protectionism creates domestic jobs.  However, that anecdotal claim is untrue.

NAFTA Negotiators Should Promote Strong IP Rights

As the May 18 deadline for negotiating a modernized North American Free Trade Agreement (NAFTA) looms, negotiators should consider closely how intellectual property (IP) rights will be treated between the countries involved.

President Trump's Drug Costs Proposals Coming Soon

The President has already made some good policy decisions and has offered other proposals that will help to lower drug costs.

Trade Negotiations Should Review Findings of Special 301 Report

During President Trump’s campaign and throughout his first 100 days in office, there was a great deal of discussion about tearing up or renegotiating various trade agreements, especially the North American Free Trade Agreement (NAFTA) among the U.S., Canada, and Mexico.  President Trump announced on April 27, 2017 that instead of withdrawing from NAFTA, as he often suggested during the campaign, he would instead renegotiate the agreement.  While the President may be focused on what he views as unfair trade practices and their impact on jobs, he must not forget about intellectual property (IP) rights.

The TPA Debate: Fears & Facts about “Fast-Track”

When Chicken Little said “The sky is falling!” and convinced his barnyard brethren of the same, the facts notwithstanding, he practically invented fear-mongering. Trade liberalization opponents are engaged in their own version of spreading false and misleading information by claiming that so-called “fast track” legislation is fraught with end-of-the-world-as-we-know-it perils. Just as the falling acorn was a whopping example of misdirection, so too is much of the current opposition.

Trade Agreements Protect IP Abroad

The U.S. Trade Representative has been working on two important trade agreements, the Trans-Pacific Partnership (TPP), and the Trans-Atlantic Trade and Investment Partnership (T-TIP). Each of the agreements provides opportunities for the U.S. to expand its reach into the global market, while protecting and promoting U.S. manufactured goods overseas. The agreements also present an opportunity for the U.S. to further enhance the protection of intellectual property (IP) abroad.

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