trade deal

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Right Before UK's Final Split From EU, 'the Deal Is Done'

Britain, European Union come to post-Brexit trade agreement, though how this will play out is unclear

(Newser) - After months of talks and at almost the last minute, Britain and the European Union struck a provisional free-trade agreement Thursday that should avert New Year chaos for cross-border traders and bring a measure of certainty for businesses after years of Brexit turmoil. With just over a week until the...

How Coronavirus May Help Trump's Re-Election

Axios: Global economy could rebound strongly in the summer and fall

(Newser) - One line of thought is that the coronavirus outbreak in China could take a toll on the global economy, causing "ripple effects" in the US that spell trouble for President Trump in an election year, per the Hill . But an analysis at Axios floats the idea of the opposite...

On Trump's Approval Rating, a Historic Gap

He's at an all-time Gallup high of 49%, but an 87-point gap exists between Dems, Republicans

(Newser) - President Trump just got something to crow about from Gallup : The polling agency puts his approval rating at 49%, the highest since he took office. The key seems to be rising support among Republicans and independents. Trump has a 94% approval rating among Republicans, up 6 points from last month,...

A Trump Priority Overwhelmingly Passes

Senate approves new North American trade agreement

(Newser) - The Senate overwhelmingly approved a new North American trade agreement Thursday that rewrites the rules of trade with Canada and Mexico and gives President Trump a major policy win even as senators turn full attention to his impeachment trial, the AP reports. The vote was 89-10. The measure goes to...

Trump Signs 'Unbelievable' China Trade Deal

President says the deal delivers economic justice

(Newser) - President Trump signed a trade agreement Wednesday with China that is expected to boost exports from US farmers and manufacturers and is aimed at lowering tensions between the economic powers, the AP reports. Trump said during a White House ceremony that the deal is “righting the wrongs of the...

New North American Trade Deal Is Imminent
Pelosi Hands Trump
a Victory on Trade

Pelosi Hands Trump a Victory on Trade

New North American trade deal is imminent

(Newser) - House Speaker Nancy Pelosi on Tuesday announced agreement on a modified North American trade pact, handing President Trump a major Capitol Hill win on the same day that Democrats announced impeachment charges against him, per the AP . Crediting Democratic negotiators for winning stronger provisions on enforcing the agreement, Pelosi said...

Mike Pence Slams Nike, NBA in China Speech

VP says NBA is acting like a 'wholly owned subsidiary' of Beijing

(Newser) - Vice President Mike Pence took a swipe at Nike and the NBA on Thursday in a speech criticizing communist China's record on trade and human rights, saying American corporations have been too willing to ignore censorship and repression in pursuit of profits. Pence singled out the shoe company for...

China Will Make Big Demand of Trump
China Will Make Big
Demand of Trump

China Will Make Big Demand of Trump

Xi Jinping reportedly wants tariffs nixed and Huawei ban lifted to jump-start trade talks

(Newser) - There's a sliver of hope trade talks may resume between the US and China and that a trade war could soon be over, but China has some demands first. The Wall Street Journal reports Robert Lighthizer, the chief US trade representative, is set to meet with his Chinese equivalent...

Mexico's Senate Votes 114-4 for NAFTA Replacement

Move is a 'crucial step forward' for USMCA

(Newser) - Mexico's Senate voted overwhelmingly Wednesday to ratify a new free trade agreement with the United States and Canada, making it the first of the three countries to gain legislative approval. Mexico's upper chamber voted 114 to four with three abstentions in favor of the US-Mexico-Canada Agreement, or USMCA,...

'Let's Go': a Deal to Change 'Trade Landscape Forever'

US, Mexico, Canada sign USMCA, the replacement for NAFTA

(Newser) - President Trump has joined the leaders of Mexico and Canada to sign a revised North American trade deal. Trump gathered with Canadian Prime Minister Justin Trudeau and outgoing Mexican President Enrique Pena Nieto on the sidelines of Friday's G20 summit in Buenos Aires. The three sat a table, pens...

Trump: New NAFTA Name Has a 'Good Ring to It'

It's U-S-M-C-A

(Newser) - America's free trade pact with Mexico and Canada may be alive, but the same can't be said for the NAFTA moniker. Once the new deal was arrived at Sunday night its new name was announced : the United States-Mexico-Canada Agreement, or USMCA. President Trump weighed in on the name...

New US-China Deal Touted as 'Herculean Accomplishment'

Deal allows US beef into China; Chinese poultry into US

(Newser) - China will finally open its borders to US beef while cooked Chinese poultry is closer to hitting the American market as part of a US-China trade agreement. Trump administration officials hailed the deal as a significant step in their efforts to boost US exports and even America's trade gap...

Obama Gets His Coveted Fast-Track Authority

Thanks to his Republican allies

(Newser) - This might be why President Obama didn't seem overly concerned earlier this month when his bid for fast-track authority—seen as a major goal of his second term— seemed to be dead : It's not only not dead, it is now heading to the president's desk for his...

House GOP Resuscitates Obama's Fast Track

But hark, ahead lies the Senate

(Newser) - The House has revived President Obama's embattled trade agenda , but a potentially tough Senate battle awaits. The House voted 218 to 208 today to grant Obama "fast track" authority to send Congress trade agreements it can reject or ratify but not change. The Republican-driven vote—the breakdown, per...

Obama's Trade Deal Isn't Dead Yet

But it's basically on life support, with few options left

(Newser) - President Obama's humiliating defeat by his own party hasn't killed the Trans-Pacific Partnership just yet, but as Politico puts it, it's in "critical condition." Though House Democrats rejected his attempt to gain fast-track authority to negotiate the trade deal, Obama and House Republicans are exploring...

Huge Loss for Obama: Trade Measure Fails

He won't get his fast-track authority

(Newser) - Despite a rare personal plea from the president himself, House Democrats have rejected his bid to gain fast-track authority to negotiate a trade deal. The move by the Democrats likely killed Obama's "chance to secure a legacy-defining trade accord spanning the Pacific Ocean," reports the New York ...

Obama's Math Problem: TAA Plus TPA Equals TPP

He headed to Capitol Hill today, a rarity, to speak to Democrats

(Newser) - It's a sign of just how close the vote is and just how important it is to President Obama: He made a rare personal appearance on Capitol Hill today to schmooze Democrats in a bid to save an international trade deal —but it's not at all clear...

What Worries Me After Reading Obama's Secret Trade Deal

Much is kept secret from those being asked to advise on it: Michael Wessel

(Newser) - It's hard to publicly criticize a trade deal when revealing details of said deal could land you in jail. But Michael Wessel, a designated "cleared adviser" who has read President Obama's proposed Trans-Pacific Partnership , writes at Politico that critics such as Elizabeth Warren are right to be...

One of Obama's Biggest Remaining Fights Is With Democrats

Legislation for huge trade deal is introduced in Congress

(Newser) - One of President Obama's biggest goals for his home stretch in office took a big step forward today with a deal struck by leading Republicans and Democrats. It's regarding the Trans-Pacific Partnership, a proposed pact with 11 Pacific Rim nations that the Hill notes would be the biggest...

US Bending on Environment for Sake of Big Trade Deal
US Bending on Environment for Sake of Big Trade Deal
wikileaks reveal

US Bending on Environment for Sake of Big Trade Deal

Countries' 'red lines' said to clash

(Newser) - As a dozen Pacific Rim nations continue three years of talks on a major trade deal, the US seems to be bending on environmental regulations accompanying the deal. The Trans-Pacific Partnership, central to President Obama's goals in the region, features a contentious chapter on environmental rules; a Nov. 24...

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