U.S. House Speaker Nancy Pelosi is doubling down on her support of Taiwan and attack on China. She said a free trade agreement (FTA) with Taiwan “might be possible and soon.” Congressional Democrats have historically shunned FTA’s due to opposition from organized labor. There is a bill calling for such an FTA pending before the Senate Foreign Relations Committee, but it would likely need special language to ensure an agreement passes Congress without serious amendment. So-called fast track authority or Trade Promotion Authority expired over a year ago. Meanwhile, China could respond by impeding trade access to the island. The Washington Post reports that Pelosi’s visit was bigger news in Washington than Taipei...
A federal appeals court paused a USITC ruling against President Trump’s use of Section 122 to impose 10-percent global tariffs. A bipartisan group of 80 House members asked USTR to investigate specialty crop imports from Mexico for unfair trade practices. India notified the WT...
From WPI Consulting
Weighing in on strategic realignment
WPI’s team was retained by the governing board of a U.S. industry organization to review a decision, reached by vote, to invest significant assets into the development and management of an export trading company. WPI’s team conducted a formal review of this decision and concluded that the current level of market saturation would limit the benefits of the investment. Based on WPI’s analysis and recommended actions, the board subsequently reversed its decision and undertook a strategic planning effort to identify more impactful investments. On behalf of numerous clients, WPI has not only assisted in identifying strategic paths but also advised their implementation.