President Trump on Monday said the best deal the U.S. could reach with China would involve 25 percent tariffs on $600 billion worth of Chinese goods, saying he would move forward with duties on another $300 billion if Chinese President Xi Jinping does not meet with him at the G20 summit in Japan later this month.
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The Office of the U.S. Trade Representative’s hearing on potential tariffs on roughly $300 billion worth of Chinese goods will kick off next week and carry over into the last week of June, with more than 300 witnesses set to testify over a seven-day span.
The U.S. International Trade Commission on Friday launched a Section 332 investigation examining U.S. trade and investment in sub-Saharan Africa after U.S. Trade Representative Robert Lighthizer sent a request to the agency last month.
Canada has opened up market access under its supply management regime for dairy, poultry and eggs, the country argued on Friday in response to criticisms from the U.S and other World Trade Organization members.
Toshimitsu Motegi, Japan’s economic revitalization minister, said this week that “early results” of a U.S.-Japan free trade deal would be achieved soon after the country’s parliamentary elections end in July.
House Speaker Nancy Pelosi (D-CA) this week assigned Democratic leaders to address key areas of concern with the U.S.-Mexico-Canada Agreement, including drug prices and labor, environment and enforcement provisions.
Democratic lawmakers are calling on the Trump administration to explain the president’s recent claims that a new immigration deal with Mexico to avert 5 percent tariffs included additional agriculture purchases.
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NAFTA
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House Speaker Nancy Pelosi (D-CA) this week assigned Democratic leaders to address key areas of concern with the U.S.-Mexico-Canada Agreement, including drug prices and labor, environment and enforcement provisions.
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President Trump said USMCA was “coming along well” and added, “I think it’ll be a very bipartisan bill. Everybody likes it.”
World Trade Organization
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Canada has opened up market access under its supply management regime for dairy, poultry and eggs, the country argued on Friday in response to criticisms from the U.S and other World Trade Organization members.
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No reason was given for the request to delay until Dec. 31.
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