Treasury Department

The Senate version of the fiscal year 2026 National Defense Authorization Act, passed on Thursday, includes legislation aimed at restricting U.S. investment in sensitive Chinese sectors and an export control bill to ensure domestic manufacturers have priority access to advanced semiconductors. The Senate by voice vote agreed to attach the “Foreign Investment Guardrails to Help Thwart (FIGHT) China Act” to the annual defense bill. Sen. John Cornyn (R-TX) introduced the FIGHT China Act in March , a bill that is...

China has declined to purchase U.S. soybeans this year to bolster its negotiating position with the U.S., President Trump charged on Wednesday. The U.S. soybean industry has been raising alarms over China’s refusal to purchase U.S. imports in 2025, rising competition from South America as well as falling commodity prices and rising input costs. “The Soybean Farmers of our Country are being hurt because China is, for ‘negotiating’ reasons only, not buying.” Trump wrote in an Oct. 1 post to...

The U.S. Trade Representative should push Canada and Mexico to establish foreign investment screening mechanisms aimed at detecting threatening investments from China, Sens. David McCormick (R-PA) and Catherine Cortez Masto (D-NV) say, eyeing the 2026 review of the U.S.-Mexico-Canada Agreement in a bill introduced on Friday. USTR this week kicked off its public consultation process for the first USMCA review, which is set for next summer. Canada and Mexico are similarly preparing for the mandatory assessment. If the countries do...

President Trump is considering British-proposed changes to the U.S.-UK tariff deal the two sides struck in May, he said Monday ahead of a visit to London. “They want to see if they can refine the trade deal a little bit,” he told reporters outside the White House. “We made a deal and it's a great deal, and I'm into helping them.” Trump and British Prime Minister Keir Starmer in May reached a deal that kept in place 10 percent tariffs...

G7 partners should impose tariffs on countries that import Russian oil if they are “truly committed to ending the war in Ukraine,” U.S. Trade Representative Jamieson Greer and Treasury Secretary Scott Bessent said in a joint statement on Friday, after G7 finance ministers held an “emergency” video call at the request of the U.S. “During today’s call with G7 Finance Ministers, Secretary Bessent reiterated President Trump’s call to our G7 partners that, if they are truly committed to ending the...

The U.S. must negotiate the rescission of Canada’s Online Streaming Act in trade talks with Ottawa, nearly 20 House Ways & Means Committee Republicans say, charging the measure discriminates against U.S. companies. The Online Streaming Act, passed in 2023, subjects online platforms like YouTube, Netflix and Spotify to Canada’s broadcast regulations, angering U.S. tech groups and some lawmakers. The Canadian Radio-television and Telecommunications Commission (CRTC), a government regulatory agency, last year delayed its implementation until the end of 2025. When...

Sens. Elizabeth Warren (D-MA) and Jeanne Shaheen (D-NH), the top Democrats on the Senate Banking, Housing and Urban Affairs and Foreign Relations committees, say in a new staff report that the White House has abandoned the use of sanctions and export controls to hinder Russia’s invasion of Ukraine and refused to enact stronger restrictions on Russian oil exports. “If Trump is serious about ending the war in Ukraine, he should start using the tools he already has,” Warren said in...

U.S. and Chinese officials are working to extend a pause on trade retaliation the two sides agreed to in May, but President Trump will make the final decision, U.S. Trade Representative Jamieson Greer said in Stockholm on Tuesday following two days of talks. Greer and Treasury Secretary Scott Bessent are in Sweden for negotiations with their Chinese counterparts, led by Chinese Vice Premier He Lifeng. Going into the two days of talks, Bessent said he expected an agreement to extend...

Agriculture Secretary Brooke Rollins is expected to join the Committee on Foreign Investment in the U.S., the secretary said on Tuesday, unveiling a national security plan for the Agriculture Department that includes a push to crack down on farmland owned by foreign adversaries. Rollins was in Omaha, NE, on Tuesday to unveil USDA’s “ National Farm Security Action Plan .” During the event , which also included Defense Secretary Pete Hegseth, U.S. Attorney General Pam Bondi and Homeland Security Secretary...