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U.S., EU agree on post-Brexit TRQ access in bloc

The U.S. and European Union on Monday announced an agreement on how the EU and UK would apportion tariff-rate quotas post-Brexit to ensure “certainty for U.S. producers,” concluding a consultation required under the World Trade Organization.

Following aircraft détente, Grassley urges Biden to close UK trade deal

Following the U.S.-European Union and U.S.-United Kingdom tariff suspensions last week, Sen. Chuck Grassley (R-IA) on Monday urged the Biden administration to consider a trade deal with the UK its next trade priority.

China’s five-year plan sets goals for seven high-tech sectors, R&D spending

China on Friday issued a much-anticipated five-year plan that stakes out goals for development in seven high-tech sectors, outlines increases in research and development spending and emphasizes a need to attract foreign investment as part of its dual circulation strategy.

Sen. Casey to propose outbound investment screen for critical supply chains

Senator Bob Casey (D-PA) is refining legislation that would establish a process to screen outbound investments and the offshoring of critical supply chains to ensure the U.S. is prepared “in times of crisis,” he said in a statement.

U.S. pledges active participation in WTO environmental sustainability talks

The U.S. on Friday said it would be an active and constructive participant in the World Trade Organization plurilateral discussions on environmental sustainability, a push likely to fit in to the Biden administration’s climate change agenda.

U.S., EU agree to four-month suspension of tariffs in Boeing-Airbus dispute

The U.S. and European Union on Friday agreed to a four-month suspension of all tariffs imposed in the World Trade Organization disputes involving aircraft producers Airbus and Boeing, committing to work toward a permanent resolution.

This Week In Trade

The Senate could confirm U.S. Trade Representative nominee Katherine Tai as soon as this week, allowing the Biden administration more room to elaborate on its worker-focused trade strategy as pressing issues pile up on Tai’s waiting desk.


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