Business

New US trade envoy to attend APEC meeting in Vietnam

New US trade envoy to attend APEC meeting in Vietnam”

U.S. Trade Representative Robert Lighthizer speaks in the Eisenhower Executive Office Building on the White House complex in Washington, Monday, May 15, 2017, during his swearing-in ceremony.

Vice President Mike Pence is calling Lighthizer "uniquely qualified" for the job and says he'll help ensure the nation's trade deals benefit the American people.

The talk comes after President Donald Trump said he was going to sign an executive order on his 100th day in office to end the US partnership in the North American Free Trade Agreement (NAFTA). US trade policy has remained a prominent issue in recent months and it appears that taking a fresh look at the North American Free Trade Agreement (NAFTA) will be an immediate priority.

Formally notifying Congress of renegotiation intentions would commence a 90-day period for discussions.

The report also added the Trump administration may also move its attention towards the Seoul-Washington free trade agreement in the near future. Plus: The China plan and Commerce Secretary Ross on the 232 investigations Lighthizer confirmed easily, despite some partisan talk.

China, the largest US trading partner, also is a member of APEC, allowing Lighthizer an opportunity to meet his Chinese counterparts as the Trump administration seeks to build on agreements to shrink the USA trade deficit with China.

The letter says the agreement with Canada and Mexico has a positive economic impact and has led to tremendous growth in U.S trade.

Last week, Commerce's Ross said the United States and China had agreed to take action by mid-July to increase access to Chinese markets for USA beef, financial services and liquefied natural gas.



Like this

Latest


16 May 2017
Japan, S. Korean defense ministers vow to work together on N. Korea
It also claims to have perfected the warhead's homing and detonation systems under hard re-entry circumstances. Another important point: One test, even a successful one, does not completely prove a missile's capabilities.

16 May 2017
Si Woo Kim statement
Poulter is poised to hand an immediate boost to the European Tour by entering the PGA Championship at Wentworth next week. Elsewhere at Sawgrass on Sunday there was drama as Rafa Cabrera Bello scored a rare albatross.

16 May 2017
Alonso hit by Honda failure on FP1 outlap
I believe that on other weekends we have had trouble-free Fridays and Saturdays only to not finish the race on Sunday. If not, the two-time former champion says he will be looking for another team, or even to abandon F1 altogether.

15 May 2017
China hosts Silk Road summit in shadow of N.Korea missile
He said his government will provide aid worth 60 billion yuan ($8.7 billion) to developing countries and global organizations. The opening ceremony of the Belt and Road Forum for global ooperation is held in the National Convention Center in Beijing.

14 May 2017
Trump threatens to cancel briefings; Spicer back at podium
Trump was asked what should be done about his press team being unable to keep up with him. And the big question, one source said, is whether it's temporary or permanent.

11 May 2017
Kremlin outfoxes White House over photos of Trump meeting with Russians
Senior Democratic Senator Dick Durbin said the Oval Office encounter was a photo opportunity for Russian Federation . The Trump administration, once again, has egg on its face following a potentially very serious security lapse.

11 May 2017
Russian government releases photos of Oval Office meeting
Trump has said he has no ties to Russia and isn't aware of any involvement by his aides in any Russian election interference. Still, Tillerson's meeting provided a blueprint for how the former Cold War foes might go about improving ties.

11 May 2017
Top 7 announcements from the second day of Build 2017
The flagship app for the update will be Story Remix , and that's availalable today with Windows 10 for PCs build 16193. The big new application in the Fall Creators Update is Story Remix , a sort of Windows Movie Maker on steroids.

11 May 2017
Miley Cyrus resurfaces with new song, and it certainly sounds different
The song, she told Billboard , was written in the back of an Uber, and addresses how she and Hemsworth rekindled their romance. The mid-tempo ballad features the lines: "Is it supposed to be this hot all summer long?" Miley captioned the photo.

11 May 2017
Bank of England keeps rates at record low as economy slows
Millions more only manage to stay afloat by relying on savings, credit cards and loans. Only one member of the committee voted to raise interest rates by 25 basis points.



Recommended