Trade Correspondent, Washington DC, USA
Krista's Feed
Apr 21, 2015

U.S. Treasury warns Congress: Currency push for trade deals will fail

WASHINGTON (Reuters) – The U.S. Treasury on Tuesday warned lawmakers against insisting on sanctions against currency cheating in trade deals and said Pacific trading partners made clear they oppose such rules.

Senators plan to push for tough rules to stop trading partners deliberately weakening their currencies when amendments are considered on Wednesday to a bill to streamline the passage of trade deals through Congress.

Apr 21, 2015

U.S. senators want stronger currency rules in fast track trade bill

By Krista Hughes

(Reuters) – U.S. senators said on Tuesday they plan to push
for stronger rules against currency manipulation in legislation
that is key to reaching a major Pacific trade pact.

During a Senate Committee on Finance hearing on legislation
to streamline the passage of trade deals through Congress,
several Democratic senators raised concerns about trading
partners devaluing currencies to make their exports cheaper.

Apr 17, 2015

New Zealand says Canada must get serious on Pacific trade pact

WASHINGTON (Reuters) – Canada must make a meaningful offer to open its markets under a Pacific trade pact now that the United States is moving ahead with a key piece of trade legislation, New Zealand Trade Minister Tim Groser said on Friday.

Groser hailed the introduction of fast-track legislation in the U.S. Congress on Thursday and countries can now clear up remaining sticking points in the 12-nation Trans-Pacific Partnership (TPP).

Apr 17, 2015

U.S. lawmakers agree on wording of bill key to Pacific trade deal

WASHINGTON (Reuters) – Senior U.S. lawmakers reached agreement on Thursday on the wording of a bill aimed at giving the White House “fast track” authority to negotiate a Pacific trade pact that is central to President Barack Obama’s strategic shift toward Asia.

The agreement, over six months in the making, sets the stage for a bruising legislative battle over Obama’s proposed Trans-Pacific Partnership (TPP) and similar trade deals, with many Democrats opposed to the legislation along with a small but vocal contingent of Republicans.

Apr 16, 2015

U.S. senators agree on path to fast-track trade bill

WASHINGTON (Reuters) – U.S. senators said on Thursday they could present a bipartisan bill to move trade deals quickly through Congress as soon as later in the day after reaching agreement on aid for workers hurt by trade.

Republican Senate Finance Committee Chairman Orrin Hatch, a Republican, said the legislation, key to closing a 12-nation Pacific trade pact, could be unveiled in the early afternoon.

Apr 15, 2015

U.S. lawmakers closer on fast track trade deal key to Asia pact

WASHINGTON (Reuters) – U.S. lawmakers are close to finalising details of a bill to speed trade deals through Congress, a move that would seal a sweeping Pacific trade pact that has been more than five years in the making and is a key part of the Obama administration’s pivot to Asia.

U.S. Senate Finance Committee Chairman Orrin Hatch said on Wednesday he was working with the panel’s top Democrat, Ron Wyden, to get a deal.

Apr 15, 2015

U.S. senator hopes for fast-track trade bill deal by end of day

WASHINGTON (Reuters) – U.S. Senate Finance Committee Chairman Orrin Hatch said on Wednesday he hopes to reach an agreement by the end of the day on a bipartisan bill to speed trade deals through Congress.

The so-called fast track legislation, key to sealing a 12-nation Pacific trade pact that is part of President Barack Obama’s diplomatic pivot to Asia, has been bogged down in negotiations between Democrats and Republicans.

Apr 14, 2015

WTO rules against U.S. dolphin-safe canned tuna labels

WASHINGTON (Reuters) – The World Trade Organization found on Tuesday that U.S. rules on dolphin-safe labels for canned tuna run counter to international trade laws, siding with Mexico in a long-running dispute and opening the door to retaliation against U.S. exports.

The ruling, which the United States said it would appeal, upholds Mexico’s complaint that revamped U.S. labeling rules are still discriminatory because they disqualify Mexican tuna from bearing dolphin-safe labels, unlike other countries’ tuna.

Apr 14, 2015

Battle for Oregon highlights Obama’s free-trade challenge

, April 14 (Reuters) – It is crunch
time for President Barack Obama’s push to finalize an ambitious
Pacific free trade pact and anyone wondering why it is such a
tough sell may want to talk to the people of Oregon.

This West Coast state of 4 million people, which hosts major
operations of global giants Nike Inc and Intel Corp
, exemplifies the nation’s ambiguity about free trade
and shows the battle lines between its advocates and critics.

Apr 13, 2015

Global business groups urge China to suspend bank IT rules

WASHINGTON (Reuters) – Business associations from the United States, Japan and Europe told Chinese officials on Monday they still have “strong concerns” about bank information technology rules and urged Beijing to formally suspend them.

The joint letter, from 31 trade associations, increases pressure over rules pushing China’s state-owned banks to buy technology from domestic vendors, which the U.S. trade office has said could breach China’s international trade commitments.

    • About Krista

      "I write about trade from Washington DC, where I moved in August 2013. IN nine years with Reuters, I have written about the Latin American economy from Mexico City and European Central Bank from Frankfurt. In a previous life, I worked in Australia and covered the economy and national politics for local news agency AAP."
      Joined Reuters:
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