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    President Obama’s Asia Trip and the Trans-Pacific Partnership

    As President Obama travels to Asia, one item sure to be on his agenda is the Trans-Pacific Partnership (TPP), a trade agreement currently being negotiated between the United States and 11 other countries. Since the U.S. joined the negotiations in 2008, about the only thing the countries involved seem to … More

    It’s Not the Value of the Chinese Currency: The Proof in Charts

    While the U.S. Treasury did not label China as a currency manipulator this week, it did criticize the Chinese authorities for recently intervening in the foreign exchange market. However, the yuan–dollar exchange value has no effect on the U.S.–Chinese bilateral trade balance. This is because a lot has changed in … More

    Don’t Wait to Cut U.S.-EU Tariffs

    The United States and the European Union (EU) are currently negotiating a proposed Transatlantic Trade and Investment Partnership (TTIP). A recent survey by the Atlantic Council and the Bertelsmann Foundation of over 300 “stakeholders” who have an interest in the TTIP talks suggests a possible strategy to jumpstart the agreement. … More

    Asia Pivot Should Be More Than Just Rhetoric and Good Intentions

    President Obama’s impending trip to Asia in April is an opportunity for the U.S. to go beyond mere rhetorical commitment to the Asia pivot. At a recent event at The Heritage Foundation, experts Randy Shriver of Project 2049 and Heritage fellows Bruce Klingner and Walter Lohman laid the framework for … More

    The Chorus for LNG Exports Gets Bigger and Louder

    As Congress returns to work and focuses on a Ukraine aid package, exporting liquefied natural gas (LNG) is getting all sorts of attention these days, and deservedly so. Liberalizing America’s energy markets by lifting restrictions on export capabilities should be a key component of Congress’s response. Over the weekend, The … More

    U.S. Senators to Japan: Do as We Say, Not as We Do?

    A recently released letter from 18 U.S. Senators to U.S. Trade Representative Michael Froman asked Japan to open its agricultural market to foreign exports in ongoing Trans-Pacific Partnership (TPP) trade negotiations: In previous trade negotiations, the United States requested and received full and comprehensive liberalization in the agricultural sector from … More

    Nuclear Trade Agreements: Not All That Glitters Is Gold

    The Senate Committee on Foreign Relations held an important hearing on 123 agreements—that is, agreements the U.S. makes with other countries that govern the exchange of components used in commercial nuclear power. It has been the consistent stance of the U.S. to minimize the proliferation of nuclear weapons. From the … More

    U.S. Trade Deficit: Made in Washington, D.C.?

    The Treasury Department recently reported that China and Japan are the largest foreign holders of U.S. government debt. China now owns $1.317 trillion in U.S. government debt. Japan owns another $1.186 trillion. It is no surprise that China and Japan are also the two countries with which the United States … More

    Trade Promotion Authority’s Benefits Depend on the Details

    Legislation to give President Obama Trade Promotion Authority (TPA) was just introduced. TPA gives the President the authority to negotiate trade agreements, which are then presented to Congress for an up-or-down vote. When asked whether Congress should enact TPA legislation, Senator Ron Wyden (D–OR), who is likely to assume chairmanship … More

    H.R. 3766 Wrong Approach to Global Commercial Nuclear Growth

    Last week Representative Ileana Ros-Lehtinen (R–FL) introduced H.R. 3766, resurrecting the supposed “gold standard” for commercial nuclear trade. However, the bill discourages the very behavior that could help to solve the problems it aims to address. The global expansion of commercial nuclear power does present new challenges. In response, H.R. … More