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USMCA bill includes creation of interagency panels on labor, auto rules implementation

The U.S.-Mexico-Canada Agreement implementing legislation, submitted to Congress on Friday, includes the creation of several interagency panels designated to oversee the implementation of the deal’s labor and auto rules, among other items.

White House sends USMCA implementing bill to Congress

Senate Finance Committee Chairman Chuck Grassley (R-IA) on Friday announced the White House sent Congress the U.S.-Mexico-Canada Agreement implementing bill, setting up the House Ways & Means Committee to consider the bill on Tuesday.

China commits to increase U.S. purchases by $200 billion over two years in phase-one deal

China agreed to increase its purchases of U.S. goods and services by $200 billion as part of a phase-one deal, including upping its buys of U.S. agricultural products to $40-50 billion per year, U.S. Trade Representative Robert Lighthizer told reporters on Friday.

Indonesia joins WTO e-commerce talks despite opposition to permanent moratorium

GENEVA -- Indonesia has joined World Trade Organization plurilateral talks on electronic commerce while arguing that a moratorium on imposing duties on electronic transmissions should not be made permanent -- the opposite of the stance of many other participants including the U.S.

Trump announces China deal cutting List 4a tariffs in half; previous tariffs remain

The U.S.’ 25 percent tariffs on $250 billion worth Chinese goods will remain in place, but the 15 percent tariffs on about $120 billion on Chinese goods will be cut to 7.5 percent as part of a phase-one trade agreement, President Trump announced on Friday, adding the tariffs on $160 billion worth of goods slated to take effect Sunday were suspended.

U.S. to cut China tariffs in half, suspend Dec. 15 tranche in phase-one deal

The United States is expected to cut in half tariffs on roughly $360 billion on Chinese goods in exchange for a promise from Beijing to purchase more U.S. goods if President Trump agrees to the terms U.S. and Chinese negotiators have reached on a phase-one trade deal, according to sources close to the talks.

This Week In Trade

The U.S. and Mexico have struck a deal on changes to the U.S.-Mexico-Canada Agreement, according to the Mexican president, putting the Trump administration’s signature trade pact one step closer to ratification. Meanwhile, in Geneva, the World Trade Organization’s appellate mechanism is set to grind to a halt this week.

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