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Daily News

October 02, 2019

The United States will impose 10 percent tariffs on aircraft and 25 percent tariffs on agricultural and industrial goods from the European Union in retaliation for illegal subsidies EU member states provided to Airbus, according to senior administration officials.

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House Speaker Nancy Pelosi (D-CA) told reporters on Wednesday she is committed to resolving issues with the U.S.-Mexico-Canada Agreement despite an impeachment probe into President Trump -- a position Trump reduced to a “camouflage for trying to win an election.”

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A World Trade Organization arbitrator has granted the United States the right to retaliate annually on almost $7.5 billion worth of European goods for illegal subsidies that member states provided to Airbus – even though a compliance panel is set to rule later this month on whether the illegal measures have been removed.

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High-level trade talks between the U.S. and India are slated to continue this week as the two countries attempt to reach a limited trade agreement, though sources say gaps remain on issues including Indian price controls on medical devices and tariffs on information and communications technology products.

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October 01, 2019

The U.S. business community will not let lawmakers link the push to ratify the U.S.-Mexico-Canada Agreement to the impeachment process that House Democrats have initiated, U.S. Chamber of Commerce officials said on Tuesday, suggesting the deal's passage could serve as a sign from both sides that they can still legislate despite the divisive proceedings.

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President Trump could move forward with most U.S.-Mexico-Canada Agreement provisions without congressional approval, according to a report published on Tuesday by the National Taxpayers Union Foundation.

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Canadian Prime Minister Justin Trudeau is floating a digital services tax similar to a French tax that led the Office of the U.S. Trade Representative to launch a Section 301 investigation earlier this year.

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September 30, 2019

The U.S. is not impressed with the interim World Trade Organization appeals process proposed by the European Union and Canada, arguing in Geneva on Monday that the plan would “endorse and legitimize” Appellate Body practices the U.S. has critiqued and saying it proves members are “no closer to a shared understanding” of how the body should operate.

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Reaching an outcome in World Trade Organization agriculture negotiations will likely be necessary for any results to come out of the upcoming ministerial conference in 2020, the chair of the negotiations said last week, even as the U.S. maintained it does not see a path forward in the talks.

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September 27, 2019

U.S. Trade Representative Robert Lighthizer has responded “favorably” to a counterproposal from the House Democrats' working group negotiating U.S.-Mexico-Canada Agreement issues with the administration, Ways & Means Committee Chairman Richard Neal (D-MA) told reporters.

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The Trump administration's U.S.-Mexico-Canada Agreement implementing bill is being eyed as a potential trade-off for a pension measure that might ensure more Democratic support for the trade deal, according to a report issued this week by a conservative think tank.

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A Senate Appropriations Committee spending bill approved this week instructs the Commerce Department to publish the non-confidential aspects of the administration’s Section 232 report on auto and auto parts imports and contends that the president cannot unilaterally decide to terminate the North American Free Trade Agreement.

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September 26, 2019

Thomas Graham, one of the three remaining members of the World Trade Organization’s Appellate Body, told Inside U.S. Trade this week that his decision on whether to continue to serve on the panel beyond Dec. 10 will depend on the outcome of reform efforts in Geneva.

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U.S. business and agriculture groups lauded the trade deal the U.S. and Japan announced this week and urged the two countries to move forward with the next stage of negotiations.

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Despite an improving regulatory environment in China, U.S. companies in Shanghai are growing increasingly pessimistic about their business prospects due to an economic slowdown and rising trade tensions between the U.S. and China, according to a report issued this month by American Chamber of Commerce in Shanghai.

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September 25, 2019

Despite the launch of an impeachment inquiry this week, House Speaker Nancy Pelosi (D-CA) on Wednesday implored fellow Democrats to stay focused on moving the U.S.-Mexico-Canada Agreement forward in talks with the administration, according to a key lawmaker.

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China has proposed new language on electronic commerce in negotiations at the World Trade Organization, suggesting that members be prevented from limiting or blocking trade in information and communications technology equipment and products -- a proposal that comes after the U.S. imposed such restrictions on Chinese telecom company Huawei.

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President Trump and Japanese Prime Minister Shinzo Abe on Wednesday inked a first-stage trade agreement on market access and an executive agreement on digital trade.

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House Democrats working with the Trump administration on the U.S.-Mexico-Canada Agreement say a newly announced impeachment investigation into the president is unlikely to derail USMCA in Congress.

And the chairman of the Senate Finance Committee, Chuck Grassley (R-IA), warned Democrats against mixing the two issues.

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September 24, 2019

A House working group tasked with negotiating U.S.-Mexico-Canada Agreement issues with the administration shares the AFL-CIO’s concerns over Mexico’s budget proposals for labor reform in 2020, Ways & Means Committee Chairman Richard Neal (D-MA) told reporters on Tuesday.

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