President Trump and Chinese President Xi Jinping agreed to a 90-day window to reach a deal on a bevy of trade issues, putting U.S. Trade Representative Robert Lighthizer on the clock to wrap up talks or the U.S. will raise tariffs on $200 billion worth of Chinese goods from 10 percent to 25 percent early next year.
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The president could issue a notice of withdrawal from the North American Free Trade Agreement as early as next week, sources familiar with the plans told Inside U.S. Trade.
The U.S. and China on Friday battled over cybersecurity at the World Trade Organization, each arguing that the other's domestic measures could affect data involved in trade.
The chair of agriculture negotiations at the World Trade Organization has moved to implement his proposal for a new working plan for 2019 that includes seven working groups to cover top-priority issues twice a month.
While 90 days is “not sufficient” to address all of the trade issues between Washington and Beijing, the newly established window is a “good start,” according to leaders of an influential business group.
The U.S. International Trade Commission on Thursday asked industry representatives and others how the elimination of tariffs on autos and trucks from Japan would impact production in the U.S., with one commissioner predicting autos would be a major focus for the ITC in its assessment of a potential deal.
House Minority Leader Nancy Pelosi (D-CA) said she held a “constructive” meeting with U.S. Trade Representative Robert Lighthizer on Thursday to discuss the U.S.-Mexico-Canada Agreement, which she made clear was far from certain to win Democrats' approval.
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NAFTA
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The president could issue a notice of withdrawal from the North American Free Trade Agreement as early as next week, sources familiar with the plans told Inside U.S. Trade.
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House Minority Leader Nancy Pelosi (D-CA) said she held a “constructive” meeting with U.S. Trade Representative Robert Lighthizer on Thursday to discuss the U.S.-Mexico-Canada Agreement, which she made clear was far from certain to win Democrats' approval.
Documents
World Trade Organization
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The U.S. and China on Friday battled over cybersecurity at the World Trade Organization, each arguing that the other's domestic measures could affect data involved in trade.
-
The chair of agriculture negotiations at the World Trade Organization has moved to implement his proposal for a new working plan for 2019 that includes seven working groups to cover top-priority issues twice a month.
Documents
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