Chinese exports to the U.S. have tumbled as President Trump’s tariffs take hold. Beijing’s exports to the U.S. fell 22 percent in September with total exports falling 3.2 percent. Imports also fell sharply and are down 8.5 percent from September 2018.
White House Economic Adviser Larry Kudlow says the U.S. and China are starting with a “clean slate” for this week’s trade talks. He told reporters that deputy level talks are underway ahead of principal level talks at the end of the week
The United States-Mexico-Canada Agreement (USMCA) is reportedly inching closer to the House floor. Vice President Mike Pence said Thursday the administration is “absolutely determined” to submit the deal sometime this year.
President Trump said he will not accept a bad trade deal for the America people. While speaking at the UN General Assembly Tuesday, he criticized China for alleged currency manipulation and intellectual property theft.
House Speaker Nancy Pelosi said she believes the president had to something about China. During an interview Tuesday, she claimed President Trump had to challenge China, although she is unsure about the steps he took towards holding the country accountable for its abusive trade practices.
The Trump administration says it hopes to address concerns with Democrats over the USMCA to come to an agreement and pass it within 60 days. One America’s Emerald Robinson has more from the White House.
The Defense Department is composing a list of companies with ties to the Chinese military. The Pentagon is reportedly identifying Chinese companies and organizations with direct or indirect links to Beijing.
As U.S.-China trade talks are set to resume, small businesses are seeing some gains and it could be thanks to policies put in place by the Trump administration. One America’s Chanel Rion has more from the White House.
Congress is poised to consider a slew of hot topic legislation as they return to the nation’s capitol, following a six week recess. Lawmakers will begin talks on an array of issues, including gun control, spending and trade.