House lawmakers this week will insert themselves into the conversation on two priority trade pacts the administration has tackled without including the legislative branch in the decision-making process, setting a hearing on the U.S.-Japan deal and a briefing on U.S. negotiations with China.
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The Court of International Trade last week denied a Trump administration motion to dismiss a challenge lodged by a U.S. importer of steel products over the president’s decision last August to ratchet up Section 232 tariffs on steel from Turkey.
While an early trade deal with Japan should significantly reduce barriers for U.S. consumers, the Trump administration should push to complete a comprehensive agreement with Tokyo that conforms with World Trade Organization rules and goes beyond the U.S.-Mexico-Canada Agreement in some key areas, according to a group of advisers to the Office of the U.S. Trade Representative.
A record 45 World Trade Organization notifications of safeguard actions were reviewed at a committee meeting on Monday even as members decried the rise in the use of such measures.
The U.S. sugar industry is urging the Commerce Department to quickly adopt new proposed sugar suspension agreement amendments with Mexico, which are identical to the 2017 amendments that the Court of International Trade declared void last month.
The installation of a new European Commission will present a fresh opportunity for the U.S. and EU to cooperate on combating illicit Chinese trading practices, but President Trump’s hostile attitude toward Europe could hinder any cooperation even on issues of shared concern, analysts said.
The House on Friday approved Financial Services Committee Chair Maxine Waters’ (D-CA) bill to reauthorize the Export-Import Bank for 10 years.
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Last month the AFL-CIO leader warned that a vote before Thanksgiving could lead to the deal’s defeat.
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While an early trade deal with Japan should significantly reduce barriers for U.S. consumers, the Trump administration should push to complete a comprehensive agreement with Tokyo that conforms with World Trade Organization rules and goes beyond the U.S.-Mexico-Canada Agreement in some key areas, according to a group of advisers to the Office of the U.S. Trade Representative.
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World Trade Organization
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A record 45 World Trade Organization notifications of safeguard actions were reviewed at a committee meeting on Monday even as members decried the rise in the use of such measures.
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China accused the U.S. of using national security as an excuse for protectionism.
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