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Daily News

May 22, 2018

European Trade Commissioner Cecilia Malmström does not believe the U.S. views Brussels’ offer to negotiate a limited trade agreement as a sufficient incentive to exempt the EU from Section 232 tariffs on steel and aluminum, she said on Tuesday.

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The Senate Banking Committee on Tuesday approved an amendment to the Foreign Investment Risk Review Modernization Act that would prevent President Trump from modifying sanctions on Chinese telecommunications companies -- including ZTE, which the president has linked to trade talks with Beijing.

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Brazil wants to modify a Section 232 quota deal with the U.S. -- one that could eliminate quotas on semi-finished steel imports -- but sources familiar with the arrangement say Brazilian officials have not heard from the U.S. since last month.

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May 21, 2018

House Ways & Means Chairman Kevin Brady (R-TX) on Monday said he would not support a pared-down renegotiation of the North American Free Trade Agreement, breaking with Sen. John Barrasso (R-WY) who endorsed such an approach earlier on Monday.

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The Organization for Economic Cooperation and Development is expected to approve Colombia’s accession into the group next week in Paris, sources told Inside U.S. Trade, despite continuing concerns outlined by the Office of the U.S. Trade Representative and industry groups.

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The Trump administration is facing bipartisan criticism from lawmakers concerned about a provisional trade agreement with China.

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European leaders last week agreed on a potential agenda for trade discussions between the U.S. and EU that includes topics such as industrial tariffs, procurement, voluntary regulatory cooperation and trade of liquefied natural gas if the Trump administration provides the EU with a permanent exemption from the Section 232 steel and aluminum tariffs.

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May 20, 2018

The U.S. will suspend plans to impose new tariffs on Chinese goods, Treasury Secretary Steven Mnuchin confirmed on Sunday.

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May 18, 2018

Senate Majority Whip John Cornyn (R-TX) is circulating among his colleagues a letter that would warn the Trump administration against initiating a withdrawal from NAFTA when it gives Congress a new deal to vote on, multiple sources told Inside U.S. Trade.

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The Commerce Department has issued steep final duties on imports of certain cold-rolled steel products from Vietnam that are produced with Chinese material, determining that Vietnamese exporters have been circumventing existing antidumping and countervailing duty orders imposed by the U.S.

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Japan will soon file its intent to withdraw World Trade Organization concessions equal to the amount of trade affected by Section 232 tariffs imposed by the U.S. on steel and aluminum imports, according to Japanese press reports and sources familiar with the action.

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May 17, 2018

The three NAFTA countries are still far from a deal, U.S. Trade Representative Robert Lighthizer said on Thursday, after Canadian Prime Minister Justin Trudeau said a broad agreement on auto rules of origin had been reached and suggested talks were in the final phase.

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The European Union is preparing to hit roughly $3.34 billion worth of U.S. goods with a 25 percent tariff on June 20 and an additional $4.22 billion worth of U.S. goods with tariffs ranging from 10 to 50 percent on March 23, 2021, in response to the U.S.’ imposition of steel and aluminum tariffs.

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Canadian Prime Minister Justin Trudeau on Thursday said Canada, Mexico and the U.S. have “found a proposal” on a new rule of origin for autos that is “broadly acceptable” to all three countries and their automotive industries, but debates over a sunset provision and non-binding dispute settlement rules continue.

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House Speaker Paul Ryan (R-WI) on Thursday said there was still a chance the current Congress could vote on a new NAFTA deal later this year, despite his insistence last week that May 17 was the last day for the administration to submit notice of a new agreement.

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While quota deals agreed to by the U.S. and other countries in exchange for immunity from Section 232 tariffs on steel and aluminum could run up against World Trade Organization rules, analysts say the chances of a third-party challenge are slim due to litigation costs and other uncertainties.

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May 16, 2018

Members of both congressional trade committees on Wednesday met with a Chinese trade delegation led by Vice Premier Liu He and pushed for stronger protections for U.S. intellectual property and lower trade barriers for U.S. companies, but lawmakers said the general discussion did not include commitments from the Chinese side.

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In a meeting with Democratic lawmakers on Wednesday, U.S. Trade Representative Robert Lighthizer downplayed the possibility of a “skinny” NAFTA agreement while acknowledging some “backsliding” in the talks with Canada and Mexico.

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Six companies on Wednesday told Trump administration officials that additional tariff lines covering a range of finished or semi-finished products should be added to the initial U.S. Section 301 list of Chinese goods, arguing that Chinese companies are either circumventing existing antidumping and countervailing duties on those products or are receiving subsidies from Beijing.

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Six companies on Wednesday told Trump administration officials that additional tariff lines covering a range of finished or semi-finished products should be added to the initial U.S. Section 301 list of Chinese goods, arguing that Chinese companies are either circumventing existing antidumping and countervailing duties on those products or are receiving subsidies from Beijing.

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