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Daily News

April 09, 2021

The CEOs of the major players in the U.S. semiconductor market will descend on the White House on Monday to meet with National Security Adviser Jake Sullivan, National Economic Council Director Brian Deese, and Commerce Secretary Gina Raimondo as the administration continues to solicit advice on what to do about the global chip shortage.

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The world must develop a preparedness and response system for the next pandemic, along with a financial framework and resilient supply chains, World Trade Organization Director-General Ngozi Okonjo-Iweala said on Friday, while also urging countries to improve vaccine access.

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An outline of President Biden’s fiscal year 2022 budget proposal calls for a $2.5 billion increase in funding for the Commerce Department so the agency can launch initiatives aimed at enhancing U.S. competitiveness in the development of emerging technologies such as semiconductors and 5G and implement executive actions on export controls and telecommunications.

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The U.S. International Trade Commission this week finalized how it will implement U.S.-Mexico-Canada Agreement provisions on investigations of Mexican cross-border trucking services.

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April 08, 2021

The Senate Foreign Relations Committee wants the U.S. to strengthen its relationships with Asia-Pacific and European allies by striking trade agreements that cover digital goods as well as more comprehensive deals, unveiling a sweeping bill on Thursday that also calls for cooperation with allies on technology-focused trade restrictions as a means to counter China’s growing global influence.

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A bipartisan group of 29 lawmakers from Florida, Georgia and Michigan this week voiced support for a U.S. International Trade Commission Section 332 investigation into imports of cucumbers and squash from Mexico, the subject of a hearing on Thursday featuring government and industry witnesses.

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New World Trade Organization rules aimed at reining in trade practices that harm the environment are likely to be negotiated only among a plurilateral group of members in the short term, a top Canadian agriculture official said on Wednesday, even as analysts push for countries to do more.

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April 07, 2021

A group of Democratic lawmakers on Wednesday introduced a resolution that would direct the Office of the U.S. Trade Representative to resume Environmental Goods Agreement negotiations at the World Trade Organization within 90 days.

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The Biden administration has proposed repealing a provision of the 2017 Tax Cuts and Jobs Act that subjects income derived from exports of intangible assets to a lower tax rate than physical assets, which the administration says encourages companies to offshore intellectual property.

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National Foreign Trade Council President Rufus Yerxa will step down from his role in September after five years at the helm, he told Inside U.S. Trade on Wednesday.

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April 06, 2021

Auto groups are calling on the federal government to direct resources to shore up the domestic manufacturing of semiconductors used in automotive production as the Biden administration develops a plan to address a global chip shortage and supply chain vulnerabilities in the semiconductor sector.

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Fully implementing the U.S.-Mexico-Canada Agreement will strengthen North American supply chains and help the region recover from the coronavirus pandemic, business leaders from the three countries wrote this week.

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More than four dozen lawmakers are pressing U.S. Trade Representative Katherine Tai to negotiate an agreement to end all tariffs on distilled spirits and wine between the U.S. and Europe, arguing the U.S. whiskey industry, in particular, has suffered significantly and will face an even larger burden when tariffs increase on June 1.

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A Trump-era rule allowing the Commerce Department to treat currency undervaluation as a subsidy in countervailing duty proceedings leaves the U.S. open to a deluge of petitions -- potentially against some U.S. allies -- staked on weak claims, a lawyer who represents foreign governments in CVD proceedings tells Inside U.S. Trade./node/170365

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April 05, 2021

The U.S. Court of International Trade on Monday declared that by expanding Section 232 tariffs to steel and aluminum derivates last January, the Trump administration exceeded its authority under the law, according to a court filing.

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U.S. Trade Representative Katherine Tai met last week with an attorney representing SK Innovation in a dispute involving electric vehicle battery components to discuss a looming presidential review of a U.S. International Trade Commission decision, according to a letter obtained by Inside U.S. Trade.

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When Mark Lewis walked into the Pentagon in late 2019, he thought his most important job as a leading research official would be overseeing the development of new, high-speed missiles.

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April 02, 2021

China this week announced plans to analyze the country’s steel industry as it looks to reduce crude steel output in 2021.

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The countries objecting to the U.S. push to exempt essential medicines from its procurement commitments at the World Trade Organization this week escalated their challenges in what is likely to be the first test of the Government Procurement Agreement’s arbitration procedures.

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Two Republican lawmakers from Wisconsin on Wednesday sent U.S. Trade Representative Katherine Tai a list of questions about the Section 301 tariff exclusion process that they say former USTR Robert Lighthizer failed to adequately answer before leaving office.

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