Brazilian President Jair Bolsonaro is in Washington, DC, this week, with trade expected to be a key topic during meetings that will include a discussion with President Trump. Meanwhile, European leaders will gather in Brussels on Thursday and Friday to discuss the fate of Brexit -- and proposed negotiating mandates for talks with the U.S.
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As discussions on how to resolve a Section 232 tariff dispute with Canada and Mexico continue, sources say a host of factors could keep the restrictions in place for some time, with President Trump insisting that quotas or tariffs be applied despite pushback from both countries and the prospect of further complications for the U.S.-Mexico-Canada Agreement.
Imports of fabricated structural steel from Canada, Mexico and China could be harming domestic producers, the U.S. International Trade Commission ruled in a preliminary determination this week, allowing the Commerce Department to continue to investigate and, possibly, impose anti-dumping and countervailing duties.
U.S. Trade Representative Robert Lighthizer is slated to meet with the Business Roundtable’s trade panel on Thursday to discuss the status of the U.S.-China talks, according to the group’s president and CEO, Joshua Bolten.
The Office of the U.S. Trade Representative expects to host eight negotiating rounds in fiscal year 2020, according to a budget justification document released on Tuesday.
President Trump on Tuesday said the U.S. government would formally support Brazil's accession to the Organization for Economic Cooperation and Development and, in return, the Brazilian president said his country would forgo seeking special and differential treatment in World Trade Organization negotiations.
After meeting with U.S. Trade Representative Robert Lighthizer and Commerce Secretary Wilbur Ross, Brazilian Economy Minister Paulo Guedes said on Monday that Brazil was ready to open its markets in exchange for a strategic partnership with the U.S.
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NAFTA
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As discussions on how to resolve a Section 232 tariff dispute with Canada and Mexico continue, sources say a host of factors could keep the restrictions in place for some time, with President Trump insisting that quotas or tariffs be applied despite pushback from both countries and the prospect of further complications for the U.S.-Mexico-Canada Agreement.
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No word yet on witnesses for the March 26 hearing.
World Trade Organization
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The World Trade Organization agriculture negotiations chair last week told members his goal for the group is to develop options by the end of the summer that could serve as the basis for negotiations, which he hopes will lead to an agreement on an incremental package by the next ministerial conference in June 2020, according to a Geneva trade official.
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“Our recommendations for modernizing the WTO should not in any way be read as questioning the business support for WTO,” the U.S. Council for International Business says in its new “roadmap.”
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