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Turkish steel company sues administration over increased Section 232 tariff

A Turkish steel manufacturer is challenging the administration’s decision last August to ratchet up Section 232 tariffs on steel from Turkey, arguing the action fell outside of the president’s powers under the 1962 Trade Expansion Act and asking to be repaid.

EU makes trade deal with U.S. contingent on lifting of steel, aluminum tariffs

In a draft negotiating mandate published on Friday, the European Union said a trade deal on industrial goods could not be struck with the U.S. until Section 232 tariffs on steel and aluminum were lifted and Washington agreed not to impose such tariffs on autos and auto parts, or levy Section 301 tariffs on the EU.

With U.S.-UK FTA, industry groups seek to distance UK from EU

Industry groups are targeting the regulatory regime of the United Kingdom in submissions addressing a potential free trade agreement with the U.S., seeking to align the soon-to-be former European Union member state more closely with U.S. regulations than those of the EU.

Business officials suggest U.S., China could soon begin drafting text

High-level U.S.-China talks in late January could prompt the two sides to begin crafting the text of a possible agreement that includes viable enforcement mechanisms, private-sector stakeholders tell Inside U.S. Trade.

U.S. says WTO self-designation will lead to ‘institutional irrelevance’

The U.S. this week detailed its criticisms of the World Trade Organization’s established practice of allowing countries to self-designate as “developing” when they accede to the international body.

Tariff exclusions, remedy cases, new market opportunities hit by shutdown

The partial government shutdown has stymied tariff exclusion requests, stalled anti-dumping and countervailing duty proceedings and delayed progress in future market openings, sources tell Inside U.S. Trade.

This Week In Trade

British Prime Minister Theresa May’s Brexit deal is slated to be taken up on Tuesday by Parliament, while the U.S. Chamber of Commerce is urging lawmakers against supporting potential legislation that would give President Trump broader authority to raise tariffs.

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