Trade and Manufacturing Monitor
Trade Agencies Closed for Business with Government Shutdown
As a result of the partial government shutdown which began on December 22, 2018, about 800,000 federal employees are currently on furlough or working without pay. Nine federal departments have been shutdown: Department…
South Korea Approves Updated Trade Agreement
On Friday, December 7, 2018, the South Korean parliament approved a modified version of the U.S.-Korea Trade Agreement, otherwise known as KORUS. With passage of the renegotiated agreement, Korea is now ready to…
ITC Initiates Investigation of the Likely Impact of USMCA
Last Friday, the U.S. International Trade Commission (“ITC”) formally launched an investigation into the economic benefits of the new U.S.-Mexico-Canada Agreement (“USMCA”) that is to replace NAFTA. Under the Trade…
United States and South Korea Sign Updated FTA
On Monday, President Trump and President Moon Jae-in of South Korea signed a revised U.S.-Korea (known as “KORUS”) free trade agreement on the sidelines of the United National General Assembly meeting this week in New…
Treasury Declines to Name China a Currency Manipulator
On April 13, 2018, the Treasury Department released its biannual report to Congress on the Macroeconomic and Foreign Exchange Policies of Major Trading Partners of the United States, which declined to formally label…