“Free trade” deals are often a cover for privatising public services and US negotiating texts already mention British drug and tech companies.
The United Kingdom is likely to be confronted by a phalanx of hard-nosed American trade officials who will attempt to pry open British markets to more American goods.
While India has now opted out of the RCEP negotiations, it has not completely abandoned its policy of pursuing free trade agreements
China aims to press ahead with 15 remaining RCEP members. Japan had sought to balance China by involving India.
China wants the US to drop 15% tariffs on about $125 billion worth of Chinese goods that went into effect on Sept. 1. It is also seeking relief from earlier 25% tariffs on about $250 billion of imports.
China’s all-consuming focus on sealing a US trade deal forced its top trade negotiator to cancel a trip to Brussels, raising the risk of Europe being pushed “off a cliff”.
White House trade adviser Peter Navarro said the United States’ trade deal with China will require three phases.
AFL-CIO President met with House Speaker and Ways and Means Chairman to hash out labor’s concerns in ongoing discussions over President Donald Trump’s renegotiated NAFTA deal.
The Office of the US Trade Representative released late last year a summary of negotiating objectives spanning 22 areas, including telecommunications and financial services.
If the United States and others following in its footsteps begin to negotiate agreements that cut tariffs on a significantly smaller scope of products, the WTO might confront a gradual erosion of one of its central tenets—most favored nation.
The new NAFTA must win approval in a divided Congress where Democrats control the House and have said they have concerns over the agreement, including its labor and enforcement provisions.
Trade minister Piyush Goyal on Monday said India and the US have agreed on broad contours of a trade package. And Goyal hinted India may not rush to sign the RCEP trade pact
Implementation of the new US-Japan free trade agreement is expected to put US pork producers back on a level playing field in that market and help set the tone for future US free trade agreements.
Japanese agricultural production will decline 60 billion to 110 billion yen ($552 million to $1.01 billion) under the bilateral trade deal with the US, the government said.
At the center of the intensifying rivalry are the Philippines and Taiwan, and the rest of other states in Southeast Asia, that will eventually face the tough choice between the US and China.
Chinese officials are working on the text of an agreement on trade in close contact with US negotiators, and have begun discussions on the next stage.
China wants to hold more talks this month to hammer out the details of the “Phase One” trade deal touted by President Trump before Xi Jinping agrees to sign it.
US President Donald Trump has said the deal does not require congressional approval.
If completed, the agreement would involve China buying $40 billion to $50 billion worth of American agricultural products annually.
The chief of a major Korean business lobby said he has asked the United States to exempt South Korea from any future tariffs on autos.