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White House trade adviser Peter Navarro on Friday accused Wall Street “billionaires” of acting as “unpaid foreign agents” on behalf of the Chinese government because they are trying to convince the White House to broker a deal with Beijing at the G20 summit in Argentina this month.
U.S. Trade Representative Robert Lighthizer is considering opening an investigation into Chinese labor practices, eyeing the use of the Section 301 statute already employed to justify massive tariffs on Chinese goods, sources tell Inside U.S. Trade.
National Foreign Trade Council President Rufus Yerxa said Thursday that the business community supports the new U.S.-Mexico-Canada Agreement and indicated the group would begin its lobbying efforts on behalf of the deal soon.
The semiconductor and microelectronics industry group says tariffs, trade tensions and new export controls are “forcing many companies to rethink their investment strategies.”
“I will be there – and I will be bringing a very clear message about the need to preserve and strengthen the trading system in the interests of all. I count on China's continued leadership and engagement to that end.”
Advisers to the Office of the U.S. Trade Representative are asking the administration to clarify the intent behind the inclusion of a non-market economy clause included in the U.S.-Mexico-Canada Agreement, with some calling for the termination of such a provision before a deal is finalized.
“Unfortunately, the assistance provided by the Department does not make up for the drastic losses California farmers have faced due to tariffs.”
President Trump on Friday said progress had been made in trade talks with China and suggested a deal could be struck with Beijing.
“An escalation of protectionist measures between China and the United States would entail serious risks to the global economy, which would not leave the region unscathed.”
Sen. Warren alleges the department is favoring non-U.S. companies.
The determination means Commerce will continue its antidumping duty investigation, with a preliminary decision due “on or about” Feb. 26.
International Trade Commission members on Tuesday asked the aluminum industry why it did not ask for for an investigation into common alloy aluminum sheet imports before the Commerce Department self-initiated anti-dumping and countervailing duty probes earlier this year.
Citing what it calls a raft of “protectionist and unfair trade practices,” the U.S.-China Economic and Security Review Commission warns in a new report that the Chinese government's involvement in and manipulation of emerging “Internet of Things” technologies pose a substantial risk for U.S. companies.
“Fostering an open dialogue, and your direct engagement with President Xi, is vital to resolving this trade dispute and ensuring it does not undermine our nation’s record-setting economic expansion and hurt American families.”
“We need to form a sort of set of core proposals that seem to be broad enough to attract discussion and generate more critical mass in order for us to continue.”
The New York Times reports that the president's cell phone calls to friends and others are routinely compromised -- and that “White House officials say they can only hope he refrains from discussing classified information” when using them.
Beijing requested consultations in August.