Treasury Secretary Steven Mnuchin on Monday is set to provide the White House his recommendations on investment restrictions that could be placed on China, but whether President Trump will act on those recommendations remains uncertain after administration officials reached an understanding with a high-level Chinese delegation last week.
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European Trade Commissioner Cecilia Malmström does not believe the U.S. views Brussels’ offer to negotiate a limited trade agreement as a sufficient incentive to exempt the EU from Section 232 tariffs on steel and aluminum, she said on Tuesday.
The Senate Banking Committee on Tuesday approved an amendment to the Foreign Investment Risk Review Modernization Act that would prevent President Trump from modifying sanctions on Chinese telecommunications companies -- including ZTE, which the president has linked to trade talks with Beijing.
Brazil wants to modify a Section 232 quota deal with the U.S. -- one that could eliminate quotas on semi-finished steel imports -- but sources familiar with the arrangement say Brazilian officials have not heard from the U.S. since last month.
House Ways & Means Chairman Kevin Brady (R-TX) on Monday said he would not support a pared-down renegotiation of the North American Free Trade Agreement, breaking with Sen. John Barrasso (R-WY) who endorsed such an approach earlier on Monday.
The Organization for Economic Cooperation and Development is expected to approve Colombia’s accession into the group next week in Paris, sources told Inside U.S. Trade, despite continuing concerns outlined by the Office of the U.S. Trade Representative and industry groups.
The Trump administration is facing bipartisan criticism from lawmakers concerned about a provisional trade agreement with China.
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Japan will soon file its intent to withdraw World Trade Organization concessions equal to the amount of trade affected by Section 232 tariffs imposed by the U.S. on steel and aluminum imports, according to Japanese press reports and sources familiar with the action.
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The United States can continue to plan on retaliating against the European Union for subsidies granted to Airbus after a World Trade Organization Appellate Body panel found the EU had not fully complied with previous adverse rulings saying its aid to the airplane manufacturer breached WTO rules and harmed U.S. company Boeing.
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The Organization for Economic Cooperation and Development is expected to approve Colombia’s accession into the group next week in Paris, sources told Inside U.S. Trade, despite continuing concerns outlined by the Office of the U.S. Trade Representative and industry groups.
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The U.S. and South Korea have resolved remaining issues with the revised U.S.-Korea Free Trade Agreement and will release the text this month, sources told Inside U.S. Trade.
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