Trade War

The NBA will participate in an international trade expo in South China this year as the league and Communist leaders look to rebuild ties following a pro-democracy tweet from a team executive that outraged Beijing, according to Chinese state media.

President Joe Biden named Celeste Drake to a new position at the White House Office of Management and Budget to monitor his “Buy American” initiative and focus on ensuring the government buys more domestically made goods.

The United States will urge its Group of Seven allies to increase pressure on China over the use of forced labor in its northwestern Xinjiang province, home to the Muslim Uighur minority, a top White House official said on Friday.

Former Secretary of State Mike Pompeo discussed what he wants to hear from President Biden's meeting with the Japanese prime minister and the political risks of American companies investing in China on FOX Business' "Mornings with Maria" Friday.

The European Union has suggested that it and the United States suspend tariffs imposed on billions of dollars of imports for six months, EU trade chief Valdis Dombrovskis was quoted as telling Germany's Der Spiegel on Saturday.

WASHINGTON - Some 50 members of Congress on Monday urged U.S. Trade Representative Katherine Tai to take action to secure removal of 25% tariffs on American Whiskey imposed by the European Union and Britain in retaliation for U.S. tariffs on steel and aluminum.

The traffic congestion caused by a cargo ship that blocked the Suez Canal for nearly a week continued to ease on Friday

The giant container ship that blocked the Suez Canal for six days was freed Monday, but another bottleneck in the supply chain remains, this one in Southern California.

Experts boarded the massive container ship Tuesday that had blocked Egypt’s vital Suez Canal and disrupted global trade for nearly a week, seeking answers to a single question that could have billions of dollars in legal repercussions: What went wrong?

U.S. Trade Representative Katherine Tai on Monday told European officials she wanted to develop "a more positive and productive" trade relationship with Europe, despite disputes over aircraft subsidies and digital services taxes, USTR said.

The U.S. isn't ready to lift tariffs on Chinese imports in the near future, but might be open to trade negotiations with Beijing, according to U.S. Trade Representative Katherine Tai.

Bourbon, Tennessee whiskey and rye whiskey were left out of a recent breakthrough to start rebuilding trade relations between the U.S. and European Union in the wake of Donald Trump's presidency. While tariffs were suspended on some spirits, the EU's 25% tariff on American whiskey remains in place, and the rate is set to double to 50% in June in the industry's largest export market.