February 3, 2013 |
American and Mexican tomato growers appear to have avoided a trade war - the U.S. Commerce Department has released a draft of an agreement governing the price of tomato imports from Mexico. U.S. growers in Florida had accused their Mexican counterparts of selling their tomatoes below fair market value, a practice known as dumping. The new agreement, which sets a minimum wholesale price for tomatoes, would replace a trade pact that went into effect 17 years ago. Francisco Sanchez, the undersecretary of commerce for international trade, said in a statement Saturday that the agreement puts in place "robust enforcement that will allow American workers and the U.S tomato industry to compete on a level playing field.
October 22, 2012 |
President Obama and Mitt Romney both talked tough on trade relations with China during Monday's debate. But they sparred over how best to get China's currency more in line with the U.S. dollar. U.S. officials have complained for years that China was keeping its currency, the renminbi, too low relative to the dollar in order to make Chinese goods less expensive for U.S. consumers. Some in Congress have pushed the Treasury Department to formally declare China a currency manipulator, which would trigger negotiations with Beijing over the issue.
September 26, 2012 |
BEDFORD HEIGHTS, Ohio - President Obama and Mitt Romney hurled accusations at each other over their economic visions and trade policies as they sprinted across Ohio on Wednesday, a reflection of the fierce campaign being waged in this battleground state. Days before the two men meet for their first presidential debate, Romney said that Obama had failed to lead and that he would not be able to paper over his record with his oratorical skills. "A lot of people can talk. Talk is cheap," Romney told thousands of people gathered at a wire manufacturer here.
September 18, 2012 |
WASHINGTON - The United States and China have filed international trade complaints against each other, escalating trade tensions amid a weakening global economy and a heated U.S. presidential race. The Obama administration launched a new enforcement action Monday with the World Trade Organization, alleging that China was illegally subsidizing exports of automobiles and auto parts. Beijing filed its own WTO complaint earlier Monday, challenging anti-dumping duties that Washington had levied on $7.2 billion in goods from China - including steel, tires and kitchen appliances - that the U.S. said were sold here below cost.
April 11, 2012
Former Pennsylvania Sen. Rick Santorum unexpectedly ended his quest for the presidency Tuesday, all but ensuring that Mitt Romney will claim the GOP nomination. But with two other Republicans still in the race, Romney and his "super PAC" allies may be tempted to keep doing what they have been throughout the primary campaign: barrage his opponents with attack ads and pander to the most conservative elements of the party. We hope Romney will instead address the shortcoming that Santorum's shoestring campaign drew attention to - the lingering questions about what Romney really stands for. And in so doing, he needs to prove that he's not as far outside the American mainstream as some of the stances he's taken in the primaries suggest.
January 25, 2012 |
President Obama fired a shot across China's bow during his State of the Union address Tueday, pledging to lure offshore jobs back to the U.S. and target unfair Chinese trade practices with a special enforcement unit. The response in China, however, was muted at best -- perhaps drowned out by the barrage of fireworks across the country as it continues to celebrate the weeklong Spring Festival national holiday. "What's worth noting is that Obama mentioned China five times in his State of the Union speech," wrote the Beijing-based Legal Evening News, one of the few Chinese newspapers to acknowledge the mention of China in the president's address.