President Donald Trump has proposed to impose an additional 25 percent tariffs on certain products in response to China’s unfair trade practices that harm American innovation. A White House fact sheet published Thursday says the proposed tariffs would impact information communication technology, aerospace and machinery sectors. The Treasury Department will …
Read More »GAO: US Opened $837B in WTO Trade Pact-Covered Govt Procurement Contracts to Foreign Competition in 2010
The Government Accountability Office has found that the U.S. opened $837 billion in contracts to foreign competition during 2010 under the World Trade Organization’s Agreement on Government Procurement compared with $381 billion in combined GPA-covered contracts that the next five largest trading partners reported in the same year. GAO said in a report …
Read More »Report: World Trade Organization Inks Multilateral Deal
The World Trade Organization has reached a multilateral trade agreement that could produce nearly $1 trillion in economic output worldwide, Politico reported Sunday. Jason Huffman and Doug Palmer write the trade facilitation agreement signed Dec. 7 in Bali, Indonesia, is intended to help businesses transport products around the world by …
Read More »