Brett Fortnam

2 weeks ago | insidetrade.com | Brett Fortnam

Democrats on Wednesday questioned whether Republicans were serious about addressing U.S. resiliency on foreign adversaries for critical minerals as the GOP pushes budget provisions that would roll back investments designed to cut dependency on China. The House Republican budget plan, which was approved by the Budget Committee on Wednesday and is expected to receive a floor vote this week, would rescind several provisions of the Inflation Reduction Act.

2 weeks ago | insidetrade.com | Brett Fortnam

Recently announced deals that would allow sensitive U.S. technology to be exported to Saudi Arabia and the United Arab Emirates threaten U.S. national security because of those countries’ close ties to Beijing and the likelihood that China will gain access to advanced infrastructure built with U.S. tech, Sens. Chuck Schumer (D-NY) and Elizabeth Warren (D-MA) have warned the Trump administration.

2 weeks ago | insidetrade.com | Brett Fortnam

This Week In Trade This Week In Trade Treasury Secretary Scott Bessent will travel to Canada on Tuesday for a G7 finance ministers' meeting that will include discussions on the global economy and economic resilience and security, according to the agenda, as well as U.S. trade imbalances, according to reports. Bessent, Reuters reports , will raise U.S. trade deficits as well as non-market practices in G7 and non-G7 countries during the ministerial, held in Banff, Alberta.

3 weeks ago | insidetrade.com | Brett Fortnam

The newly minted trade accord between the United States and the United Kingdom leaves too many tariffs in effect to be a model for a pact between the U.S. and European Union, European officials said Thursday, although one said the pact was a good sign the U.S. wanted to de-escalate trade tensions. The U.S. and the UK last week agreed to non-binding general terms that exempt Britain from Section 232 tariffs on autos, steel and aluminum in exchange for the... Not a subscriber?

3 weeks ago | insidetrade.com | Brett Fortnam

New legislation backed by the leaders of the House Select Committee on the Chinese Communist Party would instruct the Commerce Department to require that semiconductor makers outfit integrated circuits subject to export controls with location verification mechanisms to ensure their products are not acquired by China in contravention of U.S. export controls.