# Stephen Vaughn
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Oppdatert:
Stephen P. Vaughn is the general counsel to the United States Trade Representative. Before Robert Lighthizer's confirmation as USTR, Vaughn served as the acting Trade Representative.Vaughn worked at Skadden, Arps, Slate, Meagher & Flom representing U.S. Steel. In 2016, he became a partner at King & Spalding international trade group.
Why stocks are bullish
The big bull market is being organically driven by profits, businesses are making good money, and there's strong currency behind their rising valuation. Experts always talk about various political or economic factors but let me repeat my age-old mantra: profits are the mother's milk of stocks.
Wi…
Ep. 38: The Cost of Chaos: Tariffs, Tactics, and is the Juice Worth the Squeeze?
In the latest episode of the Friday Exchange, our trade insiders bring the heat! This week’s episode goes beyond a recap, it’s a full-on debate about the future of U.S. trade policy. Is Washington playing a high-stakes game to rebuild supply chains and outmaneuver non-market economies, or is it sim…
CUSMA: What does the U.S. want from us?
Canada, the U.S. and Mexico are due to review their three-way trade deal July 1 — but one month out, how are things looking for this country? Former acting U.S. Trade Representative in President Trump's first term, Stephen Vaughn, shares the American perspective; and Brian Clow, who handled Canada-…
Ep. 47 – The Three B's: Trade Defense, Overcapacity, and Global Tensions
This week’s episode is a “travel log” edition as our panel returns fresh off trips to Beijing, Brussels, and Berlin. The discussion explores rising concerns over China’s industrial overcapacity, the expanding use of trade defense tools like Section 301, and the legal and policy timelines shaping up…
Ep. 49 - Leverage vs. Certainty: The “Steel”ing of America, USMCA, 301s, and Article I Powers
In this week's episode, our trade insiders dig into the USMCA review process. With the upcoming trilateral meeting on July 1, anything and everything is up for debate. Our former negotiators unpack the divergence over rules of origin, the rising cost of steel and aluminum, and the slow march toward…
U.S. declines to renew CUSMA
Yesterday, the Trump administration declined to renew the Canada-US-Mexico Agreement (CUSMA). Without an agreement to extend the deal between all three countries, CUSMA is set to expire in 2036, although it can be renewed at any point in the next ten years if all parties reach an agreement. We spea…
Ep. 54: The Cul-de-sac Conundrum: China's Excess Capacity, 301s, 308s, and the USMCA Reckoning
This week's episode examines the legal durability of Section 301 tariffs and the untested Section 338s as tools for enforcing forced-labor and discrimination-based tariffs. The insiders weighed how each section could fare before the courts and what procedural gaps, like country-specific fact-findin…
Will the US hit Canada with 50% tariffs?
The White House is days away from implementing 50 per cent tariffs on a range of Canadian goods. As Canadian and American negotiators have ramped up meetings, and as officials get closer to presenting President Trump and Prime Minister Carney with options, what do next steps look like? Former actin…
Ep 58: A Deal Within Reach, Until It Wasn’t: Why the U.S.-Canada Deal Collapsed
In this week's episode, our trade insiders unpack the collapse of a U.S.-Canada deal, tracing a week that moved from Smoot-Hawley-level tariffs and calibrated Canadian retaliation to Ambassador Greer's French-language olive branch and Prime Minister Carney's decision to walk away at the eleventh ho…
Ep 62: Long on Pomp, Short on Substance: The Xi Visit, Chinese Chokeholds, 301s, and the Trade Truce
Our trade insiders unpack President Xi's visit, a victory for constructive strategic stability in that very little happened, with an extension of the trade truce, reportedly to January 10th, as its strongest deliverable. The panel weighs a summit long on pomp and short on substance, with no delegat…
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