President Trump on Saturday questioned U.S. financial contributions to the World Trade Organization and why it pays more to the organization than China, lumping the WTO in with the United Nations and the World Health Organization.
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While the “impetus” behind U.S.-Indian trade talks remains, New Delhi has taken steps over the last year that have complicated efforts to strike a deal, a senior State Department official said this week.
The White House this week published a long-overdue strategy document outlining a “whole-of-government” approach to counter a variety of Chinese policies, including trade and economic practices that the president has often criticized.
Sen. Josh Hawley (R-MO) on Wednesday claimed the World Trade Organization inappropriately limits U.S. agricultural subsidies and contended its dispute settlement system disfavors the U.S. as he called on the Senate to vote to withdraw the U.S. from the organization.
Government plans to use proceeds from digital services taxes to fund economic stimulus efforts could make negotiations on an international tax structure more difficult, according to Computer & Communications Industry Association President Matthew Schruers.
News Analysis
The race to replace World Trade Organization Director-General Roberto Azevêdo begins officially on June 8 -- and countries already are moving to stake their claims in what is sure to be a political, complicated and divisive process that is likely to extend past the three-month window before Azevêdo leaves office, analysts and sources say.
The United Kingdom has announced its tariff schedule for when it leaves the European Union permanently in December, planning to allow 60 percent of imports to enter the UK tariff-free while retaining tariffs on sensitive industries like agriculture and autos, according to the Department of International Trade.
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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.
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The issues will be taken up at the virtual General Council meeting on May 29, although no decisions are expected.
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Sen. Josh Hawley (R-MO) on Wednesday claimed the World Trade Organization inappropriately limits U.S. agricultural subsidies and contended its dispute settlement system disfavors the U.S. as he called on the Senate to vote to withdraw the U.S. from the organization.