Commerce Department officials will be focused on national security concerns this week, defending restrictions issued earlier this month on two popular Chinese apps that have since been stayed by the courts -- and likely issuing export controls on a major Chinese semiconductor manufacturer.
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The U.S. has effectively halted its World Trade Organization dispute with Canada over Washington’s countervailing duties on softwood lumber, appealing the panel report, which faulted the U.S. duties, into the void of a nonfunctioning Appellate Body.
The Office of the U.S. Trade Representative is pushing to amend the law implementing the U.S.-Mexico-Canada Agreement to strip preferential treatment from companies operating in foreign trade zones, National Association of Foreign Trade Zones President Erik Autor said last week.
A group representing a range of U.S. companies and industry associations opposes several measures in fiscal year 20101 House and Senate defense authorization bills that would demand domestic sourcing for U.S. weapons programs and force companies to cut ties with Chinese suppliers.
Reshoring production is not the be-all and end-all solution to the creation of more resilient supply chains of critical goods, medical industry representatives said this week during a hearing held by the U.S. International Trade Commission to inform a congressionally mandated report.
International digital service tax talks, which U.S. stakeholders hope will obviate foreign digital taxes and other countries see as an avenue to avoid U.S. tariffs, are set to miss an end-of-year deadline because negotiators are unlikely to solve key political divides ahead of the U.S. elections, according to industry sources.
Major U.S. and United Kingdom business and financial groups on Friday relaunched a trans-Atlantic alliance and released new proposals for closer financial regulatory cooperation between the U.S. and UK.
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NAFTA
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The House on Thursday passed the U.S.-Mexico-Canada Agreement’s implementing bill 385-41, setting up the Trump administration's signature trade deal for Senate consideration – and ratification – in 2020.
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The Senate should not consider the U.S.-Mexico-Canada Agreement under Trade Promotion Authority fast-track procedure because the Trump administration has failed to comply with the law, Sen. Pat Toomey (R-PA) said on Thursday.
World Trade Organization
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The U.S. said it “understand[s] that China does not seek further litigation but requested a panel to preserve its rights.”
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The U.S. has effectively halted its World Trade Organization dispute with Canada over Washington’s countervailing duties on softwood lumber, appealing the panel report, which faulted the U.S. duties, into the void of a nonfunctioning Appellate Body.