U.S. Trade Representative Robert Lighthizer and Mexican Economy Minister Ildefonso Guajardo will meet again this week in hopes of ironing out remaining bilateral issues in the North American Free Trade Agreement talks -- with Canada, for now, remaining on the sidelines.
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China will dispatch a delegation to the U.S. to discuss trade later this month -- the first senior level dialogue after both imposed tariffs on $50 billion worth of goods -- and Under Secretary of the Treasury for International Affairs David Malpass will run point for the talks on U.S. side.
China this week launched World Trade Organization dispute settlement consultations with the U.S. over a slew of state-level renewable energy programs it claims run afoul of Washington’s commitments in Geneva.
If the U.S.-Korea Free Trade Agreement is terminated, U.S. households would face a consumption tax of $4.6 billion annually, according to a report to be released on Thursday.
The Office of the U.S. Trade Representative is planning to hold six days of hearings to hear from as many as 370 witnesses as it considers tariffs on $200 billion worth of Chinese goods stemming from a Section 301 investigation into Beijing’s intellectual property and tech transfer policies.
The United States blocked the European Union’s request for a second compliance panel at a special Dispute Settlement Body meeting Wednesday -- a move the EU claimed went against a commitment the U.S. made in a 2012 sequencing agreement -- as the two sides remain embroiled in a 14-year battle at the World Trade Organization over subsidies four EU member states have provided to Airbus.
Turkish President Recep Tayyip Erdoğan raised tariffs on U.S.-made goods on Wednesday after President Trump announced via tweet last week he was doubling Section 232 tariffs on Turkish steel.
This Week In Trade
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NAFTA
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The White House adviser called USTR Lighthizer “a little more optimistic than I've seen him in many moons.”
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A joint resolution calls NAFTA “an opportunity to further strengthen regional competitiveness to succeed in the ever-evolving global marketplace.”
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World Trade Organization
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China this week launched World Trade Organization dispute settlement consultations with the U.S. over a slew of state-level renewable energy programs it claims run afoul of Washington’s commitments in Geneva.
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The United States blocked the European Union’s request for a second compliance panel at a special Dispute Settlement Body meeting Wednesday -- a move the EU claimed went against a commitment the U.S. made in a 2012 sequencing agreement -- as the two sides remain embroiled in a 14-year battle at the World Trade Organization over subsidies four EU member states have provided to Airbus.
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