Not even Franz Kafka could have dreamed this one up.
Companies that have invested in Mexico could be affected if the Mexican congress approves a change that would put an end to tax benefits that allow businesses to consolidate their earnings and losses, in order to pay less taxes, said specialized foreign trade consultant firm IQOM. The changes proposed by the federal government are being analyzed by Congress and could be incompatible with expropriation rules under the North American Free Trade Agreement (NAFTA) that Mexico, Canada and the United States have had since 1994.
Russian President Dmitry Medvedev on Tuesday accused the United States of "blocking" Russia's accession to the World Trade Organization.
Great. The global economy finally starts to show signs of emerging from the recession and now a possible trade war between the U.S. and China is throwing a monkey wrench into the recovery.
The cynical view is tempting: World leaders have made yet another feel-good, empty pledge they will forget as soon as they return to their domestic concerns.
Trying to decipher where President Obama really stands on free trade can be like trying to trace the U.S.-Mexico border with a Google map. There are words, and there are actions - but there is mostly that long squiggly line in between.
Mexico has announced plans to raise tariffs on almost 90 U.S. exports, Mexican and U.S. officials confirmed Monday.
Mexico has announced plans to raise tariffs on almost 90 U.S. exports, Mexican and U.S. officials confirmed Monday.
Some fear that the protectionist trend spreading across the globe could escalate into a growth killing global trade war.
President Obama visited Canada on Thursday in his first foreign trip as head of state, meeting with Canadian Prime Minister Stephen Harper to discuss a range of complicated economic and military issues.
Not even Franz Kafka could have dreamed this one up.
Companies that have invested in Mexico could be affected if the Mexican congress approves a change that would put an end to tax benefits that allow businesses to consolidate their earnings and losses, in order to pay less taxes, said specialized foreign trade consultant firm IQOM. The changes proposed by the federal government are being analyzed by Congress and could be incompatible with expropriation rules under the North American Free Trade Agreement (NAFTA) that Mexico, Canada and the United States have had since 1994.
Russian President Dmitry Medvedev on Tuesday accused the United States of "blocking" Russia's accession to the World Trade Organization.
Great. The global economy finally starts to show signs of emerging from the recession and now a possible trade war between the U.S. and China is throwing a monkey wrench into the recovery.
The cynical view is tempting: World leaders have made yet another feel-good, empty pledge they will forget as soon as they return to their domestic concerns.
Trying to decipher where President Obama really stands on free trade can be like trying to trace the U.S.-Mexico border with a Google map. There are words, and there are actions - but there is mostly that long squiggly line in between.
Mexico has announced plans to raise tariffs on almost 90 U.S. exports, Mexican and U.S. officials confirmed Monday.
Mexico has announced plans to raise tariffs on almost 90 U.S. exports, Mexican and U.S. officials confirmed Monday.
Some fear that the protectionist trend spreading across the globe could escalate into a growth killing global trade war.
President Obama visited Canada on Thursday in his first foreign trip as head of state, meeting with Canadian Prime Minister Stephen Harper to discuss a range of complicated economic and military issues.
Diplomacy will play a bigger role in U.S. efforts in Afghanistan in future even as the Pentagon announced a significant troop increase, President Barack Obama said Tuesday in an interview on Canadian television.
President Obama takes his first foreign trip Thursday, but domestic politics will loom large as he tackles the explosive issue of protectionism in a meeting with Canadian Prime Minister Stephen Harper, the leader of the United States' largest trade partner.
The heated war of words over "Buy American" laws may be nearing a truce in Congress, but there are still fears among critics that it could spark a new global trade war.
While America reels from the worst economic crisis since the Great Depression, it is time that we take a deeper look at the root causes of our current predicament.
The Senate on Wednesday night agreed to soften a 'Buy American' provision in its economic stimulus package, clarifying that the clause will not override the United States' existing trade treaties.
The Senate agreed Wednesday to soften a "Buy American" provision in its economic stimulus package, clarifying that the clause will not override existing U.S. trade treaties.
President-elect Barack Obama announced New Mexico Gov. Bill Richardson as his pick for secretary of commerce on Wednesday, calling him a "leading economic diplomat for America."
There was little doubt that Barack Obama was "Europe's candidate" in the US presidential election. High hopes are invested in him still across Europe's capitals. But as EU leaders contemplate the next president's daunting in-tray their hopes are more than ever tinged with a little nervousness.
President Bush, in what could be his final overseas trip as president, called on international leaders Saturday to continue his administration's push for free trade despite the global financial crisis.
President George W. Bush, in what could be his final overseas trip as president, called on international leaders to continue his administration's push for free trade despite the global financial crisis.
Organizations that have a role in the global financial system:
Following is a list of organizations that have a role in the global financial system and what that role is:
Contentious issues have cropped up in presidential campaigns throughout America's history. Controversies from the past include slavery, isolationism, suffrage, civil rights, the prohibition of alcohol, and policies toward organized labor. The following issues are among those on the minds of voters in 2008.
Sen. Barack Obama said Thursday the country has "often fallen short" of caring for war veterans during the Bush administration.
Sen. John McCain discussed free trade, illegal drugs and better relations Tuesday night with Colombian President Alvaro Uribe.
Sen. John McCain, the presumptive Republican nominee for president, arrived in Tuesday in Colombia on a three-day trip that includes Mexico to talk about trade and drugs.
As Sen. John McCain prepares to promote free trade during a high-profile trip to Colombia and Mexico, a poll out Tuesday suggests the issue may be a political hurdle as the general election campaign heats up.
The general campaign is on, independent voters are up for grabs, and Barack Obama is toning down his populist rhetoric - at least when it comes to free trade.
The United States has filed a complaint with the World Trade Organization over European tariffs on three categories of high-tech goods
The U.S. trade deficit narrowed sharply in March as demand for imports fell by the largest amount since the last recession was ending
Sens. Hillary Clinton and Barack Obama have aggressively courted organized labor, but unions are divided between the Democratic candidates.
President Bush, stymied by Congress in his final push to broaden U.S. trade, is finding a bigger blast of support from north and south of the border
President Bush used a meeting with Mexican and Canadian leaders Monday to hammer Democrats who oppose a free trade deal between the U.S. and Colombia, saying that blocking the deal is "bad for American workers and bad for our security."
President Bush, joining the conservative leaders of Canada and Mexico for one final time, is eager to expand a trading relationship that has been lucrative for the United States and both of its neighbors
Speaker Nancy Pelosi said House Democrats plan to change the rules on how Congress handles trade agreements to avoid a vote on a controversial free trade pact with Colombia backed by President Bush.
Sen. Hillary Clinton and her husband Bill don't see eye-to-eye when it comes to a controversial free trade pact.
President Bush on Monday moved to force a vote on a controversial free trade agreement between the United States and Colombia that Democrats oppose.
Sen. Hillary Clinton Monday questioned her Democratic rival's commitment to renegotiating the North American Free Trade Agreement, a charge that Sen. Barack Obama's camp called a "blatant distortion."
Organized labor has lately warmed to the Illinois Senator, and its help could be enough for him to eke out a victory in Ohio
Sens. Barack Obama and Hillary Clinton exchanged sharp words over trade as they campaigned before Ohio's crucial primary.
A visibly angry Sen. Hillary Clinton lashed out Saturday at Sen. Barack Obama over campaign literature that she said he knows is "blatantly false," while Obama called her outburst "tactical."
Hundreds of thousands of farmers clogged central Mexico City Thursday with their slow-moving tractors, protesting the entry of cheap imported corn from the United States and Canada.
"We are the champions - of the world" may be the verse that rings out in stadiums across the U.S., but in the great game of global trade, Americans are increasingly feeling like the losers. A large majority - 68% - of those surveyed in a new Fortune poll says America's trading partners are benefiting the most from free trade, not the U.S. That sense of victimhood is changing America's attitude about doing business with the world.
Despite rampant recession talk on Wall Street, Commerce Secretary Carlos Gutierrez remains upbeat on the nation's overall economic health.
Decorum dominated the final Democratic presidential debate in Iowa before the January 3 caucuses there, but contenders sought to distinguish themselves on questions of trade and economic growth.
You don't have to travel to the Democratic side of the presidential race and to hear the chords of protectionism. That was evident at yesterday's Republican presidential debate in Johnston, Iowa - the last formal verbal joust before that state's voters kick off the official race by voting in caucuses on January 3.
The E.U. and Africa prepare to talk trade at this weekend's summit, but a key player won't be present -- China, whose emergence has given Africa more leverage than ever in dealing with its former colonizers
The Senate approved a free trade agreement with Peru yesterday by a vote of 77 to 18, clearing the way for the deal to become law within weeks.
U.S. Commerce department junkets in Colombia are pushing a free trade agreement with Bush's close Latin American ally
The United States' payment of illegal subsidies to Boeing Co. has cost rival plane maker Airbus $27 billion in lost revenues over the past three years, the European Union said Wednesday.
The World Trade Organization opened a formal investigation Tuesday into allegations China is providing a safe haven for product piracy and counterfeiting, the most far-reaching of four trade disputes between Washington and Beijing, trade officials said.
China asked the United States for talks in the World Trade Organization over U.S. penalties imposed in a dispute over glossy paper Friday, the government said.
Pacific Rim leaders can help advance stalled global trade talks at a weekend summit here, President Bush said Wednesday.
President Bush is cutting short his stay at this year's Asia-Pacific summit, but the fact that he's going -- at a pivotal moment in the debate over his Iraq policy -- is meant to show he's not neglecting the neighborhood.
St. Louis Federal Reserve Bank President William Poole said Friday that rising protectionism in the United States was a worry and the Doha round of world trade talks were on the verge of collapse.
House Democratic leaders quashed White House hopes Friday for quick renewal of "fast track" trade negotiating authority and said they cannot support trade agreements negotiated with South Korea and Colombia.
The future of World Trade Organization's Doha pact is under doubt, EU Trade Commissioner Peter Mandelson said Thursday, as talks between the United States, European Union, India and Brazil broke down.
As the capital's attention fixed on congressional maneuvering over Iraq war spending, a different drama was playing out in the offices of leading House members - one that would determine the nation's free trade path at a critical juncture.
China's global trade surplus fell sharply in March to its lowest level in more than a year, the government there reported Tuesday just as the United States filed a case against it before the World Trade Organization.
As Washington intensifies pressure against China, some manufacturers are concerned about where this latest bout of saber rattling between the two trade superpowers will end up.
The United States filed two trade complaints against China on Tuesday at the World Trade Organization over piracy of American books, music, video and movies and limited market access for American products in China.
China on Tuesday criticized U.S. plans to file two complaints with the World Trade Organization accusing China of unfair trade practices.
The United States said Monday it will file two trade complaints against China at the World Trade Organization over piracy of American books, music, video and movies and limited market access for American products in China.
The United States is set to file a formal trade complaint against China after prodding the Chinese for months to crack down on pirated copies of American movies, music and software, news reports said Saturday.
The powerful chairman of the Ways and Means Committee, Rep. Charlie Rangel, and I sat down together last night to talk about, among other things, his new book, "And I Haven't Had a Bad Day Since."
Last week's abrupt 180-degree turn in U.S.-China trade policy is stirring up plenty of concern - and confusion - on either side of the globe.
The U.S. Commerce Department announced Friday that it will reverse its decades-long policy and begin to impose trade tariffs on some subsidized imports from China.
Lou Dobbs testified today before the House Foreign Affairs Subcommittee on Terrorism, Nonproliferation, and Trade. The hearing was entitled "Trade, Foreign Policy, and the American Worker." Below is the transcript of Lou's testimony.
The United States and its key trading partners like the European Union, India and Brazil are scurrying to reach a worldwide deal in the next few months to boost trade in farm and industrial goods.
President Bush has spent the past six days in Central and South America pushing his view that what he calls free trade is the solution for millions who live in poverty south of our border.
Mayan Indian leaders have vowed to "spiritually cleanse" an ancient site in Guatemala after U.S. President George W. Bush visits during his seven-day, five-nation tour of Latin America.
In the first of two speeches on the economy this week, President Bush on Tuesday broadly outlined his economic growth agenda, which he said includes keeping taxes low, expanding U.S. free trade agreements, reducing the country's dependence on foreign oil and implementing a health care system that is "patient centered and not government centered."
As daylight fades from a musty conference room at the Government Guest House in Hanoi, Ton Nu Thi Ninh, the elegant vice chairwoman of the National Assembly's foreign-affairs committee, leans forwa...
Victorious Democrats will, with the opening of the 110th Congress, have a historic opportunity to right the course of a country that has been hell-bent on permitting free-trade corporatists and faith-based economics to bankrupt the nation.
As daylight fades from a musty conference room at the Government Guest House in Hanoi, Ton Nu Thi Ninh, the elegant vice chairwoman of the National Assembly's foreign-affairs committee, leans forwa...
The World Trade Organization Tuesday cleared the way for Vietnam to become its 150th member - a move that boosts its trading access with other countries but doesn't yet allow U.S. businesses to freely set up shop in the Southeast Asian nation.
Power may be corrupting, but it is also addictive. That's why no party likes to lose an election. But the truth is that sometimes a loss is just what is needed to regain a sense of purpose and energy. And that's why the Republicans need to lose in November.
Terrorism is changing international trade patterns and costing business money.
After it failed to convince India, Brazil and some other trade partners to give more market access to American products, the United States is thinking about revoking trade benefits to some of these countries.
The World Trade Organization (WTO) flipped its stance in the longstanding lumber dispute between the United States and Canada and ruled that the U.S. violated international free trade laws by imposing "anti-dumping" duties on Canadian lumber imports.
Call it the Vietnam clothes conflict.
U.S. President George W. Bush says he and Russian President Vladimir Putin are are close to reaching a deal on Russia's bid to join the World Trade Organization, but added "there's more work to be done."
The dust has started to settle on President Bush's recent reshuffle of his White House team. Gone are Karl Rove and Scott McClellan. Gone too, it turns out, is President Bush's credibility as a free trader.
WASHINGTON -(Dow Jones)- The U.S. and Peru will sign a free-trade agreement Wednesday, the U.S. Trade Representative's Office said in a statement Tuesday.
Australia has agreed to sell uranium to China for power generation as part of what Australian Prime Minister John Howard called a "remarkable transformation" of bilateral ties during the past decade.
An agreement to sell Australian uranium to China could be concluded during a visit by Chinese Premier Wen Jiabao to Canberra in the next week, Australian Prime Minister John Howard said Tuesday.
Doug Bartlett grew up proud of his family's business. Founded in 1952, Bartlett Manufacturing may well be the oldest family-held printed circuitboard maker in the country. After a stint in the Mari...
As the need for speed in fashion retailing becomes ever more crucial to merchants, industry observers say "Made in U.S.A" is once again looking more attractive to some U.S. retailers versus importing from China.
Panama's agriculture minister resigned Tuesday, accusing the United States of pressuring Panama to accept dangerous agricultural inspection standards.
This year's hurricanes were strong enough to knock out levees, flatten buildings, and flood cities along the Gulf Coast. But they couldn't blow away the high trade barriers that are keeping Mexican cement out of the U.S. And that could make efforts to rebuild New Orleans and other devastated areas much more expensive, as contractors scramble to find supplies.
Staffers on Capitol Hill and in the Bush administration said Thursday it is unlikely that the Central American-Dominican Republic Free Trade Agreement will become active Jan. 1, as had been planned.
Global trade talks remained deadlocked Thursday after leading delegates meeting late into the night failed to reach agreement on setting a date for ending export subsidies on farm goods, again blaming European countries for blocking progress.
BEIJING -(Dow Jones)- The U.S. will "inevitably" limit China's textile exports despite a recent bilateral agreement on textiles, China's Ministry of Commerce said Thursday.
On Sept. 27, hundreds of America's top cotton growers gathered in the convention center in Visalia, Calif., in the heart of the San Joaquin Valley. They'd come for the annual meeting of Calcot, one...
GENEVA -(Dow Jones)- Talks among trade ministers from the world's biggest commercial powers to open global markets ended in acrimony Tuesday night.
President Bush acknowledged Monday that it would be difficult to push any U.S.-Panama trade deal through Congress, but said getting one completed remains a top priority for his administration.
Protesters set a building on fire and threw objects at police in the streets of this resort city as the leaders of 34 nations met at the fourth Summit of the Americas.
Rep. Jeff Flake, a freethinker in the Arizona Republican tradition, took the House floor last Friday to interrupt celebration over breaking the legislative logjam before beginning the long summer recess.
President Bush said Congress members heading home for the August recess had a year of "great progress," citing, among other things, energy and Central American trade legislation.
After an all-day, full-court press by the White House, the House early Thursday narrowly approved the controversial Central America Free Trade Agreement, a pact supporters say will help strengthen fledgling democracies.
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