Apr 24, 2017

Trump admin kicks off trade talks with Europe

Commerce Secretary Wilbur Ross will kick off trade talks with Europe when he hosts Cecilia Malmström, the EU's trade commissioner, on Monday. They will discuss plans to proceed with negotiations over Transatlantic Trade and Investment Partnership (TTIP), the free trade deal first proposed by the Obama Administration in 2013.

Data: Bureau of Economic Analysis; Chart: Lazaro Gamio / Axios

Why it matters: The US trade deficit in goods and services with Europe is the second largest to China. The decision to proceed with negotiations with Europe as a whole, rather than bilaterally with Eumembers, represents a concession from Trump. Germany is the source of more than two-thirds of America's deficit with Europe, and the administration has blamed Germany's use of the Euro for much of this gap. But demanding bilateral negotiations would likely have gone nowhere, as it is against EU rules.

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House passes USMCA free trade deal

Photo: Mark Wilson/Getty Images

The House voted 385-41 Thursday to pass a revised version of the U.S.-Mexico-Canada Agreement (USMCA), a trade pact President Trump negotiated to replace the North American Free Trade Agreement.

Why it matters: Completing the trade deal has been one of President Trump's biggest policy goals in 2019. House Democrats' decision to back it earlier this month highlights how they want something concrete to bring home to their constituents ahead of the new year as well, even after voting to impeach the president on Wednesday night.

Go deeperArrowDec 19, 2019

Business-backed trade groups lead USMCA ad spending

Data: Advertising Analytics; Chart: Axios Visuals

The top groups that ran ads for the U.S.-Mexico-Canada Agreement (USMCA) cumulatively spent over $4 million pushing the passage of the trade pact, data from advertising research firm Advertising Analytics shows.

Why it matters: The majority of advertisers for USMCA-specific ads were business-backed trade groups — a nod to big corporations' anxiety to draw attention to the issue.

Go deeperArrowDec 17, 2019

Trump says he'll sign "phase one" trade deal with China on Jan. 15

President Trump tweeted Tuesday that he will sign the "phase one" trade deal with China in a ceremony at the White House on Jan. 15.

The intrigue: Trump did not indicate that Chinese President Xi Jinping would be in Washington for the occasion, saying that "high level representatives" would be present instead. Reports earlier this week indicated that Vice Premier Liu He, China's top trade negotiator, would be the one to sign on behalf of China.

Go deeperArrowDec 31, 2019