Trump Asia trip updates
Schedule extended
President Trump leaves today for a stopover in Hawaii before his 13-day, 5-country tour of Asia--the longest trip any sitting US President has made to the region in a quarter century. In addition to his state visit to China, Trump will make stops in Japan, South Korea, Vietnam, and the Philippines.The President will attend the APEC summit in Vietnam. Just this morning the White House said Trump would extend his trip to attend the East...
USCBC is closely following China’s 19th Communist Party Congress this week. China’s new political leadership is expected to be unveiled on October 25 after the close of the Congress. USCBC’s analysis of the opening of the Party Congress can be found here; readers can also see our preview of this year’s leadership transition in USCBC’s recent report. Members are invited to a briefing with USCBC President John Frisbie and Ambassador Stapleton Roy on the outcomes of the Party Congress on...
Ennis stressed that...
Hearing on China’s WTO compliance; USCBC to testify at 301 hearing next week
At the US government’s annual hearing on China’s compliance with World Trade Organization (WTO) commitments, Acting Assistant US Trade Representative for China Terrence McCartin signaled the Trump administration’s focus on the limitations of that trade pact in addressing China’s trade practices.
McCartin said that a key challenge facing the US was to hold China accountable not only for its WTO...
Hearing on China’s WTO compliance; USCBC to testify at 301 hearing next week
At the US government’s annual hearing on China’s compliance with World Trade Organization (WTO) commitments, Acting Assistant US Trade Representative for China Terrence McCartin signaled the Trump administration’s focus on the limitations of that trade pact in addressing China’s trade practices.
McCartin said that a key challenge facing the US was to hold China accountable not only for its WTO...
President Trump to visit China
The White House released a statement Friday morning saying the President and First Lady will visit Japan, South Korea, China, Vietnam, the Philippines, and Hawaii from November 3-14. This trip will include the President’s attendance at the Asia-Pacific Economic Cooperation (APEC) leaders meeting, which will take place in Da Nang on November 10 and 11; and the East Asia Summit, which will take place in the Philippines on November 13 and 14. Trump will be...
Treasury announces new North Korea sanctions on banks
Treasury Secretary Steven Mnuchin announced Thursday that President Trump had signed a new executive order to sanction foreign banks who do business with the North Korean regime. Mnuchin specifically said that China is not an intentional target of these sanctions, though UN Ambassador Nikki Haley later added that if China continues to do business with North Korea, then it will be impacted. The announcement came several days after...
Trump rejects Chinese investment case; Congressional hearing on CFIUS
President Trump this week blocked Chinese-backed private equity firm Canyon Bridge Capital Partners from buying US semiconductor company Lattice. In a public statement about the decision, Treasury Secretary Steven Mnuchin said the decision was based on national security concerns, following the recommendation of the Committee for Foreign Investment in the United States (CFIUS), an interagency group that is chaired...
Trump Trade Mission to China, applications open
The US Department of Commerce has posted details about a November 2017 trade mission to China that will coincide with President Trump’s anticipated state visit to China. The goal of the mission will be to, “advance the Administration’s goal of reducing the U.S.-China trade deficit by promoting U.S. exports.” Interested companies should submit their applications by September 29, 2017.
Lawmakers urge improved access for financial...
Trump faces first Chinese investment review
Lattice Semiconductor Corp plans to seek presidential approval for its proposed $1.3 billion sale to China-backed Canyon Bridge Capital Partners after the deal was not approved by the Committee on Foreign Investment in the United States (CFIUS), according to reports Friday. This would be the first case to be sent to President Trump seeking to overrule a CFIUS decision, and only the fourth to be sent to a president in three decades. In all...
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