As stakeholders get set to assess progress made to date on an international tax structure during meetings in Paris this week, analysts say a solution will have to be economically rational for the U.S. -- and likely will require congressional approval.
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Daily News
January 13, 2021
January 12, 2021
The AFL-CIO will “quickly” initiate a labor dispute against Mexico under the U.S.-Mexico-Canada Agreement after President-elect Joe Biden takes office, the federation’s president, Richard Trumka, told reporters on Tuesday, saying the Trump administration hindered its efforts after the deal took effect.
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The Biden administration will use trade policies to achieve international and domestic goals but will succeed only if stakeholders and officials “across the entire spectrum” of the U.S. economy work together, Biden’s pick for U.S. Trade Representative, Katherine Tai, said on Tuesday.
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House Ways & Means Committee Democrats, in a policy framework unveiled on Monday, laid out trade actions the panel plans to take to address economic inequities in the U.S.
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January 11, 2021
Technology industry representatives say they are hopeful the Biden administration will bring stability and process back to regulatory policy making after four years of dealing with a mercurial Trump administration that was at times insufficiently engaged with the private sector and had a proclivity for taking action via unexpected executive orders.
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John Murphy, senior vice president for international policy with the U.S. Chamber of Commerce, says he hopes the Biden administration takes a strong stance on the renewal of the Generalized System of Preferences as well as a new Miscellaneous Tariff Bill, urging the new trade team to quickly map a path forward on both.
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With the United Kingdom’s post-Brexit deal with the European Union complete, the UK and the U.S. have some of the certainty they need to conclude an agreement even as questions on regulatory approach and political obstacles remain, analysts tell Inside U.S. Trade.
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January 08, 2021
The Biden administration should take a more multilateral approach to trade policy, New Democrat Coalition Chair Rep. Suzan DelBene (D-WA) tells Inside U.S. Trade, singling out digital rules, its approach to China and efforts to curb steel and aluminum overcapacity.
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The European Union and Switzerland have formally objected to the United States’ proposed modification of its government procurement coverage to exclude essential medicines, arguing the U.S. has not accounted for the “likely consequences of the change” for other members.
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President-elect Joe Biden’s pick for U.S. Trade Representative, Katherine Tai, plans to build strong labor language into U.S. trade policies to support economic recovery in the wake of the coronavirus pandemic, according to a readout of her meeting with labor leaders this week.
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The U.S. and Vietnam are working to resolve trade issues to pre-empt the imposition of Section 301 tariffs, a source familiar with the Office of the U.S. Trade Representative’s twin investigations into Vietnamese trade practices told Inside U.S. Trade on Thursday.
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January 07, 2021
The New York Stock Exchange has twice reversed course in the past week over whether to remove three Chinese telecommunications as it tries to comply with a Nov. 12 executive order banning transactions with companies deemed to be affiliated with the Chinese military, illustrating the confusion surrounding how U.S. businesses can ensure they are in compliance, according to trade lawyers.
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The United Kingdom this week launched a consultation process to assess the prospects of agricultural gene editing, eying the regulation of gene-edited crops or livestock separate from genetically modified organisms – a break from the regulatory position of the European Union that would bring the UK closer to the U.S. approach.
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Canada has requested dispute settlement consultations with the U.S. under the U.S.-Mexico-Canada Agreement over safeguard restrictions President Trump applied to solar imports in 2018, contending the measures violate the deal’s language on trade remedies and customs duties.
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The U.S. Trade Representative has suspended tariffs on French goods that were set to go into effect this week following a Section 301 investigation of France’s digital services tax, USTR announced on Thursday.
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January 06, 2021
The agreement in principle the European Union and China announced in the closing days of 2020 is a substantial diplomatic victory for Beijing as it prepares to deal with an incoming Biden administration that has vowed to rally allies – like the EU – to pressure China to curb its most egregious practices.
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Digital services taxes imposed by India, Italy and Turkey discriminate against U.S. companies, the Office of the U.S. Trade Representative said on Wednesday, issuing individual reports on its Section 301 investigations into the three countries but deferring action, for now.
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India’s intellectual property protections are insufficiently enforced and the country is enacting more trade barriers, the U.S. and European Union argued this week during New Dehli’s trade policy review at the World Trade Organization.
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Outgoing U.S. Trade Representative Robert Lighthizer is considering a 90-day delay for tariffs on $1.3 billion worth of French goods in response to France’s digital services tax and plans soon to announce the results of four Section 301 investigations into similar taxes being considered by other countries, sources tell Inside U.S. Trade.
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January 05, 2021
President Trump on Tuesday signed an executive order that will ban transactions made with eight Chinese applications, including WeChat Pay, Alipay and Tencent QQ, saying they pose a national security threat because they can be used to collect private user data in bulk.
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