Decisions on Trio of Trade Partners Loom Large for United States in 2018

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The Trump administration has China, Canada and Mexico at the top of the trade agenda for 2018. Decisions are pending about trade sanctions on China and about modernizing or leaving the North American Free Trade Agreement (NAFTA).

These are America’s top-three trading partners and export markets. Millions of U.S. jobs and many billions of dollars in trade and investment are in the balance, as are key U.S. strategic interests. The costs of missteps can be very high.

The U.S. administration is considering imposing trade penalties on its largest trading partner, China, for intellectual property (IP) theft and forced technology transfers, for underpricing solar panels sold in the U.S. and for subsidizing the cost of steel and aluminum exports to the U.S.

Legislation is pending in Congress that would bring more scrutiny of Chinese investments. The new U.S. National Security Strategy focuses sharply on the damage caused and the threats posed by Chinese behavior. U.S. decisions on several issues are expected in January.

Read the full article on The Hill…

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