Washington Update

February 23rd, 2018
By Meg Kelly

Top economic aide Liu He to visit DC next week

Chinese sources confirm to USCBC that President Xi Jinping’s top economic advisor, Liu He, will travel to Washington next week to discuss trade tensions with the US government. Liu, who was named to the Communist Party Politburo last fall and is expected to become a vice premier next month, is expected to meet with US Trade Representative Robert Lighthizer and other senior Trump administration officials in an effort to reinitiate...

February 16th, 2018
By Meg Kelly

Commerce Department releases findings on steel and aluminum investigations

On a call with media today, Commerce Secretary Wilbur Ross discussed the findings and suggested remedies from the Administration’s investigations into steel and aluminum imports. In his remarks, Ross said, “each of these reports comes to the conclusion that… imports threaten to impair our national security.” Ross indicated that the goal of the actions in both products was to raise US production to 80 percent...

February 9th, 2018
By Meg Kelly

Chinese and US officials meet amid trade tensions

Chinese State Councillor Yang Jiechi traveled to Washington this week to meet with US officials and discuss the two nations’ strained trade relationships and tension over North Korea. On Thursday, Yang met with US Secretary of State Rex Tillerson; little information was released about the meeting, but a State Department readout said the two looked forward to speaking again in the second quarter of this year at the Diplomatic &...

February 2nd, 2018
By Meg Kelly

Trade not a major component of State of the Union

Despite anticipation of a major trade announcement, Tuesday night’s State of the Union address, the first by President Donald Trump, had very little mention of trade. The President cited the need for “fair” and “reciprocal” trade -- points made regularly by the administration in the past year -- but made no specific proposals on what would be done to achieve those goals. Trump simply said, "We will work to fix bad trade deals and...