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Daily News

September 21, 2018

Japan is expected to continue to balk at a bilateral trade deal with the U.S. during high-level talks that will resume on Sept. 24, analysts say, but could be forced into negotiations in the face of sustained U.S. pressure and the threat of Section 232 tariffs on autos.

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Rules of origin governing whether some chemicals will be eligible for benefits under a new U.S.-Mexico trade pact are more flexible than provisions in the North American Free Trade Agreement, sources said, adding the new rules are akin to those included in the U.S.-Korea Free Trade Agreement.

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Ahead of a World Trade Organization agriculture committee meeting next week, six countries are questioning the nature and methodology of the $12 billion aid package authorized by President Trump to help farmers affected by the administration's trade policies, asking whether it conforms to WTO rules, according to a committee document filed last week.

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Proposed changes to duty drawback rules issued by the Treasury Department and Customs and Border Protection are drawing fire from a number of industry groups that fear the new rules would limit companies' ability to recoup paid tariffs and taxes.

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September 20, 2018

Members of the Global Forum on Steel Excess Capacity this week reached consensus on a process that will allow for the identification and removal of subsidies and other ways to eliminate distortions that contribute to global steel overcapacity, according to a statement from the G20 chair.

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U.S. business groups are calling for an exclusions process for the latest round of U.S. tariffs on $200 billion in Chinese goods, but sources say exclusions are not expected at least for the initial 10 percent duties that go into effect next week.

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The U.S. Court of International Trade on Wednesday ruled in favor of granting the American Institute for International Steel’s request for a three-judge panel in a case in which the group claims the Section 232 statute used to impose tariffs on steel imports is unconstitutional.

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September 19, 2018

The Organization for Economic Cooperation and Development says trade tensions are having “adverse effects” on the global economy, hurting trade and investment growth.

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Tom Donohue, the U.S. Chamber of Commerce president and CEO, told reporters on Wednesday that a trade deal with Mexico alone -- leaving Canada out -- should not be considered a deal at all.

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Eleven right-leaning and libertarian think tanks from the U.S. and the United Kingdom on Tuesday released their vision of an “ideal” free trade agreement between the two countries, which includes advanced regulatory recognition, freely flowing labor and a rule-of-origin content threshold of 25 percent.

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The European Union on Tuesday proposed wide-ranging reforms to the World Trade Organization that would address a range of areas the U.S. has singled out for criticism, including the operation of the Appellate Body, members’ transparency obligations and China’s forced technology transfer policies.

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September 18, 2018

The toughest issue facing U.S. businesses in China is the escalating trade brawl between the U.S. and Beijing, according to a new survey from the U.S.-China Business Council.

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The Office of the U.S. Trade Representative will exclude a variety of solar panel products, including all modules that contain crystalline silicon photovoltaic cells wholly produced in the U.S., from Section 201 measures imposed by President Trump earlier this year.

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While the Trump administration maintains that new Section 301 tariffs on Chinese goods will have a “negligible” impact on the economy, legislators and industry groups are sounding the alarm, saying the tariffs will foist higher prices on consumers and hit producers hard.

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The U.S. is taking a backward-looking approach to trade as the rest of the world moves forward, former U.S. Trade Representatives warned on Monday.

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September 17, 2018

President Trump on Monday directed the Office of the U.S. Trade Representative to impose 10 percent tariffs on $200 billion worth of Chinese imports, with plans to boost them to 25 percent in 2019, according to senior administration officials.

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The administration last week told the Court of International Trade that President Trump's application of Section 232 restrictions on steel imports was in line with congressional intent behind the statute in a filing that cited Supreme Court rulings as justification for the national security-based actions.

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September 14, 2018

The World Trade Organization's Safeguards Committee this week failed to resolve how to rebalance tariffs imposed by Turkey to counter safeguard measures levied by Thailand on imports of hot-rolled Turkish steel -- a case that has major implications for similar challenges the U.S. faces over safeguard restrictions it imposed earlier this year.

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The U.S. and India, seeking to resolve long-standing issues, are engaged in “intensive” trade discussions -- and industry sources are sanguine about the prospects of a resolution to some of them before the end of the year.

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Major U.S. and UK financial services groups this week outlined their priorities for any future U.S.-UK free trade agreement, calling for regulatory cooperation, cross-border market access and ways to address an evolving technological landscape.

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