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China: U.S. shooting itself in the foot with bans on TikTok, WeChat

The Trump administration’s move to block two Chinese-owned technology companies from operating in the U.S. for national security reasons will end up harming the U.S.’ own interests, China’s Ministry of Foreign Affairs claimed on Friday.

Canada planning tariffs on $2.7 billion worth of U.S. aluminum products

The Canadian government next month will apply tariffs on approximately $2.7 billion worth of U.S. aluminum and aluminum-containing products in response to the Trump administration’s re-imposition of Section 232 tariffs on Canadian aluminum, the country’s deputy prime minister announced on Friday.

Kenya’s Mohamed: ‘Train has left the station’ on special and differential treatment

The approach to special and differential treatment provided to developing countries is already changing at the World Trade Organization, Kenya’s director-general candidate Amina Mohamed said on Thursday, arguing that a more need-based approach in the most recent multilateral agreement reached by the WTO was a good starting point.

U.S. home builders, feeling pandemic pinch, urge softwood lumber solution

The National Association of Home Builders is urging the Trump administration to prioritize resolving the longstanding U.S.-Canada softwood lumber trade dispute as the group’s members grapple with domestic shortages and spiked prices amid the coronavirus pandemic.

In trade speech, Trump issues six promises, hints at upcoming action

President Trump on Thursday made six trade-related promises to be filled in his next term, cast former Vice President Joe Biden as a “callous” globalist who will not protect American jobs and promised to sign “something” in the next week that “will have a tremendous impact on fairness and trade.”

Sources: U.S. tariffs on Canadian aluminum to take effect next week

The Trump administration intends to impose tariffs of 10 percent on some aluminum from Canada, sources tell Inside U.S. Trade, adding that the duties will take effect on Aug. 16.

This Week In Trade

British Trade Secretary Liz Truss is in Washington, DC, this week to bring U.S. Trade Representative Robert Lighthizer a bottle of gin -- a symbol of the UK’s desire to avoid tariffs on British goods, and a goodwill gesture intended to help the two sides navigate a slew of thorny issues in the U.S.-UK trade negotiations.


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