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Daily News

May 17, 2019

The U.S. will eliminate Section 232 tariffs on steel and aluminum from Canada and Mexico in exchange for the repeal of retaliatory duties on U.S. goods, though all parties retain authority to re-impose 25 and 10 percent tariffs if there is a surge in imports and consultations about the sudden increase fail.

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The Office of the U.S. Trade Representative could announce a final resolution to the national security-based steel and aluminum tariffs on Canada and Mexico as soon as Friday, sources tell Inside U.S. Trade.

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President Trump on Friday signed a proclamation setting a six-month deadline for the U.S. to reach a deal with the European Union and Japan to “address the threatened impairment of the national security with respect to imported automobiles and certain automobile parts.”

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The Trump administration terminated Turkey’s Generalized System of Preferences benefits on Friday, saying its economy was sufficiently developed, according to a proclamation signed by the president on Thursday.

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May 16, 2019

An executive order President Trump signed on Wednesday that lays the groundwork for the U.S. to ban imports of Chinese information communication technology exports creates further pressure on Beijing to make concessions in trade negotiations with the U.S., according to industry sources.

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Staving off the looming paralysis of the World Trade Organization’s Appellate Body is increasingly unlikely as the U.S. has repeatedly rebuffed -- or ignored -- efforts by other members to satisfy Washington’s objections.

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Agriculture Secretary Sonny Perdue said Wednesday that the Agriculture Department’s initial estimation of trade damages to be addressed by a new round of farm aid is $15-20 billion.

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May 15, 2019

Mexico is close to a Section 232 deal with the U.S., Mexican Under Secretary for North America Jesús Seade said on Wednesday, adding that he was optimistic Canada was nearing an agreement as well -- but both Canadian and Mexican officials suggested talks remained at a stalemate.

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Lawmakers representing districts with Boeing facilities have run out of patience over an aerospace subsidy dispute between the U.S. and European Union that has spanned over a decade, calling this week for the Trump administration to impose tariffs on the EU for “launch aid” subsidies to Airbus that the World Trade Organization has ruled are violations.

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After a Wednesday meeting with U.S. Trade Representative Robert Lighthizer, House Ways & Means Chairman Richard Neal (D-MA) praised the “goodwill in the room” but said USTR’s proposal to address Democrats’ concerns with the U.S.-Mexico-Canada Agreement still had a “ways to go.”

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Several items dropped from previous tranches of Section 301 tariffs are being targeted by the Office of the U.S. Trade Representative in a new draft list of roughly $300 billion in Chinese imports that could be hit with 25 percent duties, drawing the ire of some in the private sector.

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May 14, 2019

The U.S. and its North American trading partners could soon reach an agreement on Section 232 steel and aluminum tariffs, Senate Finance Chairman Chuck Grassley (R-IA) said on Tuesday.

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The Chinese government is claiming the U.S. is the one that has gone back on agreements it made during trade negotiations by repeatedly increasing its demands to levels Beijing says it cannot meet.

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May 13, 2019

The World Trade Organization should tighten rules on unilateral trade actions, reduce agricultural support allowances for developed members and allow state-owned enterprises to operate “in an environment of fair competition,” China argued on Monday in a new proposal.

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An upcoming shakeup of India's government could be the reset that is needed to reshape New Delhi's bilateral relationship with Washington, former officials from the Office of the U.S. Trade Representative and other agencies said on Monday.

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The U.S. and Japan could reach a quick trade deal and present a unified front against China at the G-20 summit next month by borrowing heavily from the Trans-Pacific Partnership, a source close to the Abe administration told Inside U.S. Trade.

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May 10, 2019

Rep. Earl Blumenauer (D-OR) is striving to graft biologics language included in the Trans-Pacific Partnership onto the U.S.-Mexico-Canada Agreement after it was “ignored” by the Office of U.S. Trade Representative over the objections of Canada and Mexico, he said on Friday.

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China’s newly proposed draft text for World Trade Organization negotiations on electronic commerce includes privacy and transparency provisions, but what it lacks -- namely, provisions ensuring the free flow of data across borders and a ban on data localization -- runs counter to U.S. priorities in the fledgling negotiations.

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U.S. Trade Representative Robert Lighthizer this week showed a new “willingness” to address the Democrats' concerns with the U.S.-Mexico-Canada Agreement, according to Rep. Pramila Jayapal (WA), co-chair of the Congressional Progressive Caucus, which met with the USTR on Thursday.  

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May 09, 2019

The gulf between the U.S. and European Union approaches to privacy is not as wide in practice as in theory, industry representatives and analysts said on Thursday, suggesting the two should be able to bridge the gap in electronic commerce talks at the World Trade Organization.

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