Trade and Manufacturing Monitor
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…