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Treasury Department
(Daily News)
March 27, 2018
March 27, 2018
A currency agreement being negotiated by the U.S. Treasury Department and Korea’s Ministry of Strategy and Finance will not be subject to the U.S.-Korea Free Trade Agreement dispute settlement rules, administration officials said Tuesday -- adding that the Trump administration instead will rely on Korea being a “serious” partner that abides by its currency commitments.
(In Trade)
March 23, 2018
March 23, 2018
“It is transformative in terms of the way the Treasury Department is dealing with this. My hope is that we end up with language that deals with transparency and deals with competitive devaluations.”
(Daily News)
March 22, 2018
March 22, 2018
President Trump today will direct U.S. Trade Representative Robert Lighthizer to take actions against China’s unfair trading practices that will include raising tariffs on Chinese products and litigation at the World Trade Organization.
(File Document)
March 22, 2018
March 22, 2018
(Daily News)
March 22, 2018
March 22, 2018
President Trump this afternoon will sign a presidential memorandum “targeting China’s economic aggression,” announcing that his administration will impose tariffs on $50 billion worth of Chinese products and directing his Treasury secretary to take action to restrict Chinese investment in the U.S.
Republican lawmakers, business groups ratcheting up pressure on Trump to back off global 232 tariffs
(Daily News)
March 06, 2018
March 06, 2018
House and Senate Republicans and major business groups are stepping up last-minute efforts to convince President Trump not to slap global tariffs on all steel and aluminum imports, with lawmakers discussing possible legislative actions and the leaders of key committees preparing letters urging that Trump take more tailored actions to combat only “true abusers.”
(Daily News)
February 27, 2018
February 27, 2018
Treasury Secretary Stephen Mnuchin has had “very high-level” discussions with his counterparts from Trans-Pacific Partnership countries on a possible return to the trade pact, although re-entry is not a priority for the U.S. today, Mnuchin said Tuesday.
(Daily News)
February 15, 2018
February 15, 2018
Two top Trump administration officials this week voiced optimism about concluding the renegotiation of NAFTA and dodging withdrawal from the deal.
(Daily News)
February 08, 2018
February 08, 2018
The Trump administration is looking for a new candidate to lead the Export-Import Bank and urging the Senate to fill its board, but Sen. Pat Toomey (R-PA), who has been blocking the four board nominees awaiting confirmation, says he’s reserving judgment as he waits to see who the White House puts forward.
(Daily News)
January 25, 2018
January 25, 2018
The Trump administration on Thursday presented a unified front in favor of reforming and expanding the Committee on Foreign Investment in the United States, with officials from the Treasury, Commerce and Defense departments telling the Senate Banking Committee they back a bill pushed by Senate Majority Whip John Cornyn (R-TX) but want to avoid signaling that the U.S. is discouraging investment.
(In Trade)
January 25, 2018
January 25, 2018
The statement says FIRRMA furthers “the twin aims of protecting national security and preserving the longstanding U.S. open investment policy.”
(Daily News)
January 17, 2018
January 17, 2018
The White House is considering the creation of a reciprocal investment regime with China following a Section 301 investigation into Chinese technology and intellectual property policies, but some in the administration fear it would lead to stock market losses and negatively affect U.S. companies doing business in China, private-sector sources briefed by White House officials told Inside U.S. Trade.
(In Trade)
January 10, 2018
January 10, 2018
The World Economic Forum begins on Jan. 23.
(Daily News)
January 09, 2018
January 09, 2018
Rep. Andy Barr (R-KY), the chairman of the House Financial Services subcommittee that oversees the Committee on Foreign Investment in the United States, said Tuesday that President Trump will by August be sent a bill to update the national security watchdog, but not necessarily the legislation being pushed Senate Majority Whip John Cornyn (R-TX) and Rep. Robert Pittenger (R-NC) and supported by some of Trump’s Cabinet.
(In Trade)
December 15, 2017
December 15, 2017
The Treasury secretary says FIRRMA “will help ensure that CFIUS has the tools necessary to protect the national security of the United States, while maintaining our open investment environment.”
(Daily News)
December 14, 2017
December 14, 2017
Former Defense, Treasury and Commerce department officials told a House subcommittee on Thursday that the watchdog Committee on Foreign Investment in the United States needs more resources to perform its duties.
(In Trade)
December 01, 2017
December 01, 2017
Malpass: “Just as we can have an agreement with Canada and Mexico that benefits all three of us, we certainly want to have developments in China that benefit them and benefit us.”
(Daily News)
November 20, 2017
November 20, 2017
Companies like IBM, Goldman Sachs and General Electric are concerned about Senate Majority Whip John Cornyn’s (R-TX) bill to reform the Committee on Foreign Investment in the United States, sources told Inside U.S. Trade this week.
(Text Document)
November 17, 2017
November 17, 2017
(Daily News)
November 15, 2017
November 15, 2017
Senate Majority Whip John Cornyn (R-TX) wants his legislation to update and broaden the authority of the Committee on Foreign Investment in the United States to get moving as soon as possible, but the chair of the Banking Committee, which must clear the bill before it gets to the Senate floor, this week downplayed chances of moving it quickly.