The Obama administration is engaged in preliminary talks with the European Union and China to settle a dispute over trade in solar-energy equipment and avoid a conflict among the world’s largest economies, according to people familiar with the discussions.
Negotiators for nine nations working towards a Pacific-region trade pact made “significant progress” in areas including customs, telecommunications, cross-border services and government procurement, a U.S. official said as the latest round of talks ended.
President Barack Obama’s administration should take action to curb China’s alleged cyber theft, two House Democrats said, after a top U.S. official accused the Asian nation of spying on American companies.
World Bank President Robert Zoellick criticized President Barack Obama’s administration for failing to provide leadership in the Doha round of trade talks and adopting a defensive stance that helped stall discussions.
Japan’s government wants it. Mitsubishi Corp. backs it. Toyota Motor Corp. says they need it to compete. Yet, whether Japan joins the biggest attempt at a global free-trade pact may hinge on part-time rice farmers like Tadashi Hirose. And he doesn’t much like it.
Dozens of groups including the U.S. Chamber of Commerce and International Brotherhood of Teamsters met with negotiators during Pacific-region trade talks in Leesburg, Virginia, as protesters called for more openness in the discussions.
The Obama administration, facing growing complaints in Washington that it hasn’t persuaded China to increase the value of its currency, filed two trade cases against the world’s largest exporter of goods.