The political winds seem to be blowing in favor of a Congressional vote on the U.S.-Mexico-Canada Free Trade Agreement (USMCA) yet this fall. But before they vote, some Members of Congress want to talk over a few issues with the Trump administration’s negotiators. One is intellectual property protections for the U.S. biopharmaceutical industry. As important as it is, the issue of data protection for biologic drugs is not well understood.
About Andrea Durkin
Andrea Durkin is the Editor-in-Chief of TradeVistas and Founder of Sparkplug, LLC. Ms. Durkin previously served as a U.S. Government trade negotiator and has proudly taught international trade policy and negotiations for the last fourteen years as an Adjunct Professor at Georgetown University’s Master of Science in Foreign Service program.
Entries by Andrea Durkin
The next generation of smarter and more powerful machines will rely on even more sophisticated semiconductors to achieve new capabilities. Pressure is on to “win” in the global chip race, which is why efforts to protect innovations in chipmaking are front and center in the current trade war – for better and for worse.
As negotiations continue toward a trade agreement, President Trump and President Xi of China have imposed tariffs on each country’s products in an unprecedented trade war. If you’ve lost track of how we got here, here is a handy quick guide to recent events unfolding in the ongoing U.S.-China trade war.
Foreign direct investment (FDI) is a vehicle for gaining entry into growth markets. In theory and in general, it’s a win-win. In practice and locally, it will depend on each deal. Global FDI flows have taken a dive, in part due to a souring investment climate and uncertainties in trade policies, but they are critical for growth in developing and developed markets alike.
For the United States and the global economy, tourism and travel are the unsung heroes of the international trade story. Tourism brings 80 million visitors to the United States every year and accounts for 10 percent of all U.S. exports. Globally, tourism is the third-largest sector in international trade. Above all, tourism and travel promote trade in international understanding and global goodwill.
Every February, two out of every three commercial bee hives in the United States are transported to California for the almond bloom. It’s just the start of an annual food pollinating bee tour. Anywhere from 60 to 75 percent of the bee population kept as livestock crisscross the United States foraging on the blooms of crops that will make eventually their way into our grocery stores and into overseas markets.
It’s midsummer, a milestone marked every year by baseball’s All-Star Game. No sport is more American than baseball. While we import much of the lower-cost equipment for amateur play, there’s a rich tradition of high-quality baseball equipment made in the U.S.A. that thrives alongside imports, demonstrating that trade enables a diverse marketplace that benefits us as consumers.
U.S. businesses are preparing for another possible wave of tariffs while seeking product exclusions from existing tariffs on goods from China. Find out how the Trump administration is responding to these product exclusion requests, and keep track of the “tranches” or waves of tariffs announced or implemented by the administration using our graphic.
More than one-fourth of Americans work for themselves. There’s no stereotype. Independent workers are spread almost evenly across generations, gender, and geographies from cities to suburbs to small towns and rural America. Will you join their growing ranks?
China is stockpiling its rare earths production. Does China think the United States is trying to contain China’s economic expansion? Threatening to withhold rare earths exports could be China’s way of digging into this trade war with the United States.