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Daily News

May 21, 2020

While the “impetus” behind U.S.-Indian trade talks remains, New Delhi has taken steps over the last year that have complicated efforts to strike a deal, a senior State Department official said this week.

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The White House this week published a long-overdue strategy document outlining a “whole-of-government” approach to counter a variety of Chinese policies, including trade and economic practices that the president has often criticized.

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May 20, 2020

Sen. Josh Hawley (R-MO) on Wednesday claimed the World Trade Organization inappropriately limits U.S. agricultural subsidies and contended its dispute settlement system disfavors the U.S. as he called on the Senate to vote to withdraw the U.S. from the organization. 

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Government plans to use proceeds from digital services taxes to fund economic stimulus efforts could make negotiations on an international tax structure more difficult, according to Computer & Communications Industry Association President Matthew Schruers.

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The race to replace World Trade Organization Director-General Roberto Azevêdo begins officially on June 8 -- and countries already are moving to stake their claims in what is sure to be a political, complicated and divisive process that is likely to extend past the three-month window before Azevêdo leaves office, analysts and sources say.

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May 19, 2020

The United Kingdom has announced its tariff schedule for when it leaves the European Union permanently in December, planning to allow 60 percent of imports to enter the UK tariff-free while retaining tariffs on sensitive industries like agriculture and autos, according to the Department of International Trade.

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The Trump administration should enact a multi-faceted approach to the coronavirus pandemic that avoids major disruptions to the supply chain in the short term and boosts U.S. manufacturing and human capital in relevant industries over the long term, industry executives said this week.

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The U.S. Court of International Trade’s shift to virtual proceedings amid the pandemic has not impacted its ability to successfully move forward with litigation, Judge Gary Katzmann told Inside U.S. Trade this week, though attorneys involved in CIT cases say some important aspects have been lost in the transition.

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Brazil has decided to seek accession to the Government Procurement Agreement at the World Trade Organization, which would increase procurement access for foreign companies in Brazil and give Brazilian companies access to the procurement markets of 48 members, including the U.S. and European Union.

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May 18, 2020

The U.S. implementing bill for the U.S.-Mexico-Canada Agreement might require minor technical corrections before the deal enters into force, sources tell Inside U.S. Trade.

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The first round of negotiations between the U.S. and United Kingdom, which ended last week, was “positive and constructive,” British trade secretary Elizabeth Truss said on Monday, adding that the two sides placed “significant emphasis” on post-pandemic recovery and identified digital trade, services and investment as mutually high-ambition areas.

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Jennifer Prescott, assistant U.S. Trade Representative for environment and natural resources since 2013, has left the agency to take a position with Amazon Web Services.

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Jennifer Prescott, assistant U.S. Trade Representative for environment and natural resources since 2013, has left the agency to take a position with Amazon Web Services.

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May 15, 2020

Amid the ongoing public health emergency, the U.S. will prioritize the “exigencies” of the crisis before it will discuss the World Trade Organization’s role in the recovery or preparations for the next crisis, the country said at the General Council meeting on Friday, arguing WTO initiatives should take a back seat for the time being.

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The Export-Import Bank is seeking industry input on how it might change its U.S. content requirement for the technology sector so companies can receive more financing and be more competitive against China, agency officials said on Thursday.

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With the relationship between Washington, DC, and Beijing as fraught as it has been in a generation, the Trump administration runs the risk of making a bad situation worse if the president opts to terminate the U.S.-China phase-one agreement, China analysts tell Inside U.S. Trade.

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The Commerce Department on Friday announced an amendment to the foreign direct product rule that will make high-tech chips destined for Huawei subject to U.S. export control licensing requirements if those chips are produced with U.S.-controlled equipment or if the chip’s design are of U.S. origin.

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The U.S. and India should build on their cooperative efforts to battle the coronavirus pandemic and improve their trade relationship, India analysts said this week, contending that increased engagement could provide the impetus needed to complete an initial trade deal.

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May 14, 2020

A new World Trade Organization director-general must have time to chart a path forward for the postponed ministerial conference as well as the future of the organization, Director-General Roberto Azevêdo told members on Thursday in announcing his plan to step down a year early.

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G20 trade and investment officials convened virtually for a second time this week, endorsing a set of short- and long-term “collective actions” countries could take to combat economic harm caused by the coronavirus pandemic.

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