Washington Update

September 15th, 2018
By Angela Deng

Secretary of Treasury Steven Mnuchin invites Vice Premier Liu He to talk

Earlier this week, Secretary of the Treasury Steven Mnuchin sent an invitation to China’s Vice Premier Liu He to hold higher-level talks on US-China trade. While both sides have confirmed the invitation, it is unclear whether a meeting will take place and the level of participants. It is also uncertain what will be on the agenda for discussion. The invitation comes as the United States is still considering...

July 30th, 2018
By Angela Deng

CFIUS reform bill passed by the House

Changes to US reviews of foreign investment in the United States moved forward this week with the House of Representatives’ passage of the National Defense Authorization Act (NDAA). The bill includes a revised version of the Foreign Investment Risk Review Modernization Act (FIRRMA) that expands the scope of the Committee on Foreign Investment in the United States (CFIUS) authority to review foreign transactions, and strengthens US export...

May 18th, 2018
By Meg Kelly

US-China trade talks continue

As Washington Update goes to press, Chinese negotiators, led by Vice Premier Liu He, continue to meet with their US counterparts in Washington about potential progress on commercial issues in the relationship. USCBC will report on outcomes as information becomes available.

Updates on investment restrictions: CFIUS, export controls, Section 301

Executive and legislative action is expected next week that will affect foreign investment in...

May 7th, 2018
Meg Kelly

US, China end trade talks; next steps uncertain

US-China trade discussions this week have wrapped up, with no formal announcements yet but leaked negotiating documents from both sides. The US delegation, led by Treasury Secretary Steven Mnuchin, came with a long list of asks covering the trade deficit, investment restrictions, intellectual property theft, and subsidies among other issues. The White House issued a statement this afternoon saying that the US delegation would brief...

April 13th, 2018
Meg Kelly

$100 billion tariff list may be released soon

Reports emerged Thursday that in an effort to put further pressure on China to amend its problematic trade policies, the White House may release the list of an additional $100 billion in Chinese imports to be covered by tariffs. The tariffs -- $150 billion in total -- are one of the outcomes of the Section 301 investigation led by the Office of the US Trade Representative; they are not expected to be implemented until June at the earliest...

January 22nd, 2015
Stephanie Henry

Trade Views of New Additions to Key Committees in the 114th Congress

Key House and Senate committees involved in implementing the US trade agenda are taking shape in the 114th Congress, and will play an important role in the work ahead. New members of Congress in the House gained posts on key committees having jurisdiction over trade and foreign affairs issues, while several new and returning Senators will take new posts on the Senate Foreign Relations and Finance Committees. USCBC...

January 28th, 2014
Stephanie Henry

In his confirmation hearing before the Senate Foreign Relations Committee today, Senator Max Baucus (D-MT) said he would focus on “positive, cooperative, and constructive” ways to promote US-China trade and reduce regional tensions if confirmed as ambassador to China. He said this strategy had already “paid dividends,” such as China’s commitment to negotiate a Bilateral Investment Treaty (BIT) based on a US approach. Baucus is widely expected to be confirmed by the committee and full Senate...

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