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Lawmakers tweak CFIUS reform language for inclusion in defense bill

Lawmakers have agreed to rely heavily on the Senate’s version of the Foreign Investment Risk Review Modernization Act that will be included in the final National Defense Authorization Act, although some changes have been made, and House language on export control reauthorization will be included, according to sources and a July 20 draft of the language obtained by Inside U.S. Trade.

Divisions emerge as some WTO members push for e-commerce plurilateral

As a handful of World Trade Organization members lay the groundwork for the launch of negotiations on an e-commerce deal, divergent views on the prospective scope of an initiative involving the U.S., European Union and China could prevent their inclusion in an eventual plurilateral.

Malmström weighs plurilateral deal on autos, gears up for U.S. visit

EU Trade Commissioner Cecilia Malmström this week stopped short of fully endorsing a plurliateral solution to solve an auto trade dispute with the U.S., saying it was something that should be “explored” but not a surefire way to ease trade tensions.

At DSB meeting, Honduras looks to break deadlock over WTO Appellate Body

Honduras has issued proposals to spur discussions among WTO members about issues affecting the Appellate Body and how to resolve a World Trade Organization disagreement over the so-called Rule 15 issue, which the United States has used as a justification to block appointments to the Appellate Body, according to a Geneva trade official.

Trump says tariffs could hit $500 billion in Chinese goods, slams Beijing, EU over currency

President Trump on Friday morning reiterated a willingness to hit China with tariffs on $500 billion worth of exports to the U.S., which would cover essentially all U.S. imports, and pledged to recoup losses from what he alleged to be currency manipulation by China and the European Union.

Toomey considers backing nominee to lead Ex-Im, will block board picks

Sen. Pat Toomey (R-PA) is “seriously considering” supporting President Trump’s new nominee to lead the Export-Import Bank but will maintain his hold on three bank board nominees, preventing the board from operating with a quorum, he said on Thursday.

This Week In Trade

The Trump administration will hold hearings on the national security implications of auto and auto parts imports and on the products eligible for preferences under the Generalized System of Preferences, while the administration’s trade policy will be a central focus of several congressional hearings this week.

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  • As a handful of World Trade Organization members lay the groundwork for the launch of negotiations on an e-commerce deal, divergent views on the prospective scope of an initiative involving the U.S., European Union and China could prevent their inclusion in an eventual plurilateral.

  • Honduras has issued proposals to spur discussions among WTO members about issues affecting the Appellate Body and how to resolve a World Trade Organization disagreement over the so-called Rule 15 issue, which the United States has used as a justification to block appointments to the Appellate Body, according to a Geneva trade official.