Washington Update

June 16th, 2017
By Meg Kelly

June 16th, 2017

Further progress on 100-day plan
 
Several developments were announced this week regarding the initial 100-day outcomes between the US and Chinese governments announced in May. This week, several further steps were taken:
 
Foreign Investment
China’s State Council released on Friday a revised list of foreign trade zone (FTZ) investment restrictions that may allow companies additional market access in the 11 designated free trade zone areas...

June 9th, 2017
By Meg Kelly

June 9th, 2017

Mnuchin prioritizes specific issues, then the BIT

Treasury Secretary Steven Mnuchin was the luncheon speaker for USCBC’s 44th annual membership meeting this week, saying in his discussion with USCBC President John Frisbie that a bilateral investment treaty (BIT) with China is on the Trump administration’s agenda, but after specific market access issues are addressed. The Trump administration is currently in the midst of negotiations on a 100-day plan with China...

June 2nd, 2017
By Meg Kelly

June 2nd, 2017

Steel, aluminum reports due end of June

The Commerce Department will give President Trump its recommendations on whether it is necessary to restrict aluminum and steel imports under Section 232 of US trade law by the end of June. These investigations were required by Trump’s executive order, which originally set a deadline of January 2018, the maximum amount of time allocated under US law. However, the president asked the department...

May 31st, 2017
By Meg Kelly

May 31st, 2017

Lighthizer meets MOFCOM counterpart at APEC

US Trade Representative Robert Lighthizer met his Chinese counterpart, Commerce Minister Zhong Shan, on the margins of the APEC Trade Ministers meeting this week in Hanoi. According to news reports, Lighthizer said in the meeting that a trade war was not in the interest of either country. China's commerce minister Zhong Shan told Lighthizer the two sides should strengthen cooperation and manage disputes in trade,...

May 19th, 2017
By Meg Kelly

Lighthizer sworn in, makes rounds on Hill, flies to Hanoi

Robert Lighthizer was sworn in as US Trade Representative at the White House on Monday afternoon. On Tuesday, he met with the Senate Finance Committee to outline the administration’s goals. On Wednesday, Lighthizer met with the House Ways and Means Committee before leaving Thursday for the APEC meeting in Hanoi. Lighthizer completes the Trump administration’s full trade team, allowing them to notify Congress...

May 9th, 2017
By Meg Kelly

Branstad on target for June arrival in Beijing

Ambassador to China-designate Terry Branstad’s May 2 confirmation hearing before the Senate Foreign Relations Committee put him on track to be in Beijing in June if the process moves forward as expected. The long-time Republican governor of Iowa and personal acquaintance of Chinese President Xi Jinping made it clear that this relationship would not prevent him from being tough on China when necessary.

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April 28th, 2017
By Meg Kelly

As President Donald Trump marks 100 days in office, his rhetoric toward China has been tempered, he has changed his views on currency manipulation, and his first face-to-face meeting with President Xi Jinping recast bilateral dialogues. So far, so good - but substantive outcomes are still to be determined.

 

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April 21st, 2017
By Meg Kelly

President Donald Trump this week signed two new executive orders that have implications for international trade and, potentially, China.

 

On Tuesday, Trump signed the “Buy American, Hire American” executive order to “maximize … the...

April 14th, 2017
By Meg Kelly

Despite no significant breakthroughs on key issues in the relationship, the White House and Chinese media reported that the first meeting of Presidents Donald Trump and Xi Jinping  was favorable. Trump indicated he and Xi began a good relationship, saying in a Fox News interview this week that the pair had “great chemistry.”

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April 13th, 2017
By Erin Ennis

As part of the sideline meetings last week during the first meeting of Presidents Donald Trump and Xi Jinping, China proposed a 100-day agenda to reduce trade tensions between the two governments. The plan has little detail and likely represents a starting point for discussions with the Trump administration. China’s “asks” were also not included in the proposal.

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