South Korean officials proposed “support[ing] the revitalization of the U.S. shipbuilding industry” as an avenue for cooperation during the two-plus-two tariff negotiations between the United States and South Korea on April 24, 2025. Moving forward, future negotiations by the United States on trade will continue to involve partnerships in areas where allied countries such as…
May 21, 2025
On May 8, President Donald Trump announced the first bilateral trade deal since unveiling the so-called “Liberation Day” tariffs on April 2. The agreement with the United Kingdom, labeled as an “Economic Prosperity Deal” rather than a free trade agreement (FTA), portends what future trade deals may look like, particularly for close allies and trading…
May 16, 2025
According to the latest data from the U.S. Bureau of Economic Analysis (BEA), the total stock of all foreign direct investment (FDI) in the United States increased by USD 227 billion to just under USD 5.4 trillion in 2023. This figure was largely driven by a USD 96 billion increase from Canada, USD 86 billion…
May 13, 2025
The Donald Trump administration is pursuing a flurry of activities designed to convey the impression that a wave of trade deals is underway. The announcement of an agreement framework with the United Kingdom was followed by talks between Secretary of the Treasury Scott Bessent and Chinese counterparts. The United States and China agreed to a…