Trade and Manufacturing Monitor
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What's In the "Phase One" Agreement with China and What Comes Next?
On January 15, 2019, President Trump and Chinese Vice Premier Liu He signed the long-awaited “phase one” trade deal at the White House. The deal represents the first step towards a comprehensive agreement between the…
United States and China Finally Agree to “Phase One” Deal
Last week, the United States and China reached an agreement on the long-awaited “phase one” trade deal. The deal, originally announced in October, will include tariff reductions by the United States and a $200 billion…
“Historic” USMCA Agreement Signed
On December 10, the U.S., Mexican, and Canadian governments signed an updated United States-Mexico-Canada Agreement (“USMCA”) in Mexico City. The new agreement comes on the heels of months of additional negotiations…
China and the United States Inch Closer Towards Trade Deal – Tariff Reductions May Follow
China and the United States continue to move towards finalizing a “phase one” trade deal. Speaking to the Economic Club of New York, President Trump stated that the United States is “close” to a deal and that it “could…
“Phase One” Agreement Between the United States and China Reached
On Friday, October 11, 2019, President Trump announced that a “phase one” agreement had been reached with China. Most notably, the U.S. agreed to suspend its plan to increase tariffs from 25% to 30% on $250 billion in…