In the first two weeks of the Trump administration, there has been a great deal of discussion of policies affecting trade, though formal proposals have not yet been made on most of them.
Limited progress on State Owned Enterprise (SOE) reform continues to undermine US industry’s confidence in China’s policy direction, but recent announcements limiting SOE outbound investment might be beneficial.
The 15th anniversary of China’s accession to the World Trade Organization (WTO) was marked with a fresh trade dispute Monday after the United States ignored the December 11 deadline to end its use of non-market economy (NME) calculations for antidumping cases.
Update: As this article went to print, the International Monetary Fund (IMF) decided to freeze the Special Drawing Rights basket of currencies until October 2016. This will allow more time for markets to adjust to changes in the basket that might occur as a result of the IMF’s evaluation of the RMB in November.