Washington, July 1 (IANS) The Trump administration on Wednesday refused to renew the United States-Mexico-Canada Agreement (USMCA), opening negotiations to rewrite key parts of President Donald Trump’s signature North American trade pact while insisting it remains in force during the review process. The decision came after representatives of the United States, Mexico and Canada held the first mandatory six-year joint review of the agreement, which entered into force in 2020. While Washington dec…
Latest Trade Imbalances News & Updates
Washington, Jan 15 (IANS) US President Donald Trump has said he has signed two new trade actions under Section 232. The moves target critical minerals and semiconductor imports. White House Staff Secretary Will Scharf said the first action followed a trade investigation into critical minerals. He said it creates a process to secure US supply chains for critical minerals and related products.The second action focuses on semiconductors. Scharf said it sets up a two-phase process. Under the first p…