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CSIS forecasts CFIUS use under Trump; stakeholders see process working

Following a series of working group sessions with stakeholders, analysts at the Center for Strategic and International Studies say they believe the government's national security investment watchdog -- the Committee on Foreign Investment in the U.S. -- is properly functioning despite an increased workload, according to a new CSIS report.

They also argue that President-elect Trump would have a difficult time “weaponizing” the committee against Beijing, but say CFIUS reviews are likely to in increase in number.

Academics: Treasury criteria do not preclude naming China a currency manipulator

President-elect Trump will be able to instruct the Treasury Department to name China a currency manipulator by using a 1988 trade law even though China does not meet all three criteria used in an October Treasury report to analyze major trading partners' foreign exchange policies, according to analysts and academics interviewed by Inside U.S. Trade.

EU ambassador: Trump administration not expected to be bound by TTIP status

The European Union does not expect the Trump administration to feel bound by any progress made in Transatlantic Trade and Investment Partnership negotiations after three years of talks -- progress expected to be reflected in a “snapshot” that U.S. and EU trade ministers are working on, according to the EU ambassador to the U.S., David O'Sullivan.

New U.S.-Colombia business advisory council aims to strengthen trade ties

A new U.S.-Colombia Advisory Council including business leaders from both countries intends to produce specific recommendations for the Colombian government on trade-related issues and offer new ways to deepen economic and business partnerships, according to Colombia and U.S. officials.

Key lawmaker, EU and industry all blame China for torpedoing EGA deal

What was supposed to be the closing ministerial for a tariff-cutting Environmental Goods Agreement was blown up after China submitted a late product list that was not close to aligning with positions that other members of the negotiations were coalescing around and nearing agreement on, according to multiple sources.

Incoming New Democrats chair: Trade policy will be a 'very heavy lift' in the next Congress

The newly elected chairman of the New Democrats Coalition, Rep. Jim Himes (D-CT), this week said he believes finding common ground and making progress on trade policy in the 115th Congress will be onerous, though he did not rule out the possibility of President-elect Donald Trump modifying the Trans-Pacific Partnership.

World Trade Organization

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  • What was supposed to be the closing ministerial for a tariff-cutting Environmental Goods Agreement was blown up after China submitted a late product list that was not close to aligning with positions that other members of the negotiations were coalescing around and nearing agreement on, according to multiple sources.

  • The United States is expected to formally request that the World Trade Organization's Dispute Settlement Body on Dec. 16 establish a panel on U.S. claims that China is breaching its WTO commitments by providing domestic support to farmers totaling nearly $100 billion over its allotted amount.

Around the World

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FTA Central

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  • The European Union does not expect the Trump administration to feel bound by any progress made in Transatlantic Trade and Investment Partnership negotiations after three years of talks -- progress expected to be reflected in a “snapshot” that U.S. and EU trade ministers are working on, according to the EU ambassador to the U.S., David O'Sullivan.

  • A new U.S.-Colombia Advisory Council including business leaders from both countries intends to produce specific recommendations for the Colombian government on trade-related issues and offer new ways to deepen economic and business partnerships, according to Colombia and U.S. officials.