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Daily News

June 19, 2019

President Trump is likely to delay tariffs on roughly $300 billion worth of Chinese goods after he meets with Chinese President Xi Jinping on the sidelines of the G20 meeting in Osaka, Japan, next week, trade, investment and political analysts said on Wednesday.

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Members of the House Ways & Means Committee on Wednesday highlighted countries around the globe they feel are ripe for trade agreements with the U.S., with some urging that talks be promptly initiated as the U.S.-Mexico-Canada Agreement and China trade issues are worked out.

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U.S. Trade Representative Robert Lighthizer is working on a “novel trade remedy” to address plastic waste in the world's oceans, he told lawmakers on Tuesday.

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June 18, 2019

U.S. Trade Representative Robert Lighthizer on Tuesday said he was open to working with lawmakers on outstanding U.S.-Mexico-Canada Agreement concerns, offering to address multiple senators’ requests during a hearing of the Senate Finance Committee.

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U.S. Trade Representative Robert Lighthizer on Tuesday said he was open to working with lawmakers on outstanding U.S.-Mexico-Canada Agreement concerns, offering to address multiple senators’ requests during a hearing of the Senate Finance Committee.

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World Trade Organization members want to know how the U.S. will calculate payment amounts for a $16 billion trade mitigation package announced last month, as well as how the support will be notified to the WTO and whether it will breach U.S. commitments.

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A trade deal with Tokyo that covers agriculture is feasible “in the next few months,” U.S. Trade Representative Robert Lighthizer told the Senate Finance Committee on Tuesday, with “across-the-board” issues to be addressed later.

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Members of the Senate Finance Committee on Tuesday questioned U.S. Trade Representative Robert Lighthizer on the administration's use of Section 301 in enforcing the U.S.-Mexico-Canada Agreement, among other concerns with the deal.

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June 17, 2019

Citing timelines for the ratification of trade deals with Colombia, South Korea and Panama, U.S. Chamber of Commerce executives say a vote on the U.S.-Mexico-Canada Agreement is likely to be held before a congressional recess in August.

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As the U.S. International Trade Commission conducts a midterm review of sweeping restrictions placed on imports of large residential washers, U.S. companies are arguing that while the remedies have not led to the growth they expected due to “headwinds,” they should not be modified.

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India last week proposed exemptions to restrictions on fisheries that would apply to all developing and least-developed World Trade Organization members and allow them to subsidize some fishing activities that occur up to 200 miles offshore, without restriction.

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June 14, 2019

The Office of the U.S. Trade Representative’s hearing on potential tariffs on roughly $300 billion worth of Chinese goods will kick off next week and carry over into the last week of June, with more than 300 witnesses set to testify over a seven-day span.

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The U.S. International Trade Commission on Friday launched a Section 332 investigation examining U.S. trade and investment in sub-Saharan Africa after U.S. Trade Representative Robert Lighthizer sent a request to the agency last month.

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Canada has opened up market access under its supply management regime for dairy, poultry and eggs, the country argued on Friday in response to criticisms from the U.S and other World Trade Organization members.

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Toshimitsu Motegi, Japan’s economic revitalization minister, said this week that “early results” of a U.S.-Japan free trade deal would be achieved soon after the country’s parliamentary elections end in July.

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June 13, 2019

House Speaker Nancy Pelosi (D-CA) this week assigned Democratic leaders to address key areas of concern with the U.S.-Mexico-Canada Agreement, including drug prices and labor, environment and enforcement provisions.

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Democratic lawmakers are calling on the Trump administration to explain the president’s recent claims that a new immigration deal with Mexico to avert 5 percent tariffs included additional agriculture purchases.

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Sen. James Lankford (R-OK) hopes a U.S.-Mexico-Canada Agreement implementing bill is sent to Congress by the end of the month, he said on Thursday, but Sen. Chris Coons (D-DE) said he was not optimistic about the deal's near-term chances.

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June 12, 2019

In the first day of Canada’s trade policy review at the World Trade Organization, the U.S. touted the new U.S.-Mexico-Canada Agreement and lauded a positive bilateral relationship, but criticized Ottawa for its supply management system, a longstanding U.S. concern.

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President Trump will meet with Chinese President Xi Jinping at the G20 leaders summit later this month, he said again on Wednesday, though Commerce Secretary Wilbur Ross suggested the two leaders would at most agree to restart trade talks.

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