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Daily News

September 24, 2019

A preliminary trade deal between Washington and New Delhi is coming “very soon,” President Trump said on Tuesday, adding that the two countries aimed to strike a more comprehensive deal “down the road a little bit.”

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The Trump administration should abandon its threat of Section 232 tariffs on Japanese autos and auto parts, which are crucial to the Japanese economy, to secure a deal with Tokyo, Senate Finance Chairman Chuck Grassley (R-IA) said on Tuesday.

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Negotiations for an initial U.S.-Japan trade deal have been completed, Japanese Foreign Minister Toshimitsu Motegi said after meeting with U.S. Trade Representative Robert Lighthizer on Monday, a day before President Trump told the United Nations he expected the deal to be finalized this week.

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President Trump hammered home his message of economic nationalism in a Tuesday speech at the United Nations General Assembly in New York City, bashing globalism, Chinese trading practices and the World Trade Organization.

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September 23, 2019

U.S. Trade Representative Robert Lighthizer has proposed changes to language that led to a 2017 U.S. loss in a labor case involving Guatemalan labor practices in his pitch to House Democrats working on the U.S.-Mexico-Canada Agreement, Inside U.S. Trade has learned.

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September 20, 2019

Five House Democrats say they have learned “at the 11th hour” that a nascent U.S. trade deal with Japan will offer U.S. dairy farmers “inferior market access.”

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The European Union last week rebutted several arguments the U.S. has advanced to defend its Section 301 tariffs on Chinese goods, contending in Geneva that they undermine the World Trade Organization’s dispute settlement system.

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The U.S. has requested a World Trade Organization dispute settlement ruling on tariffs imposed by India following the Trump administration’s removal of the country from a program granting preferential treatment for some developing countries.

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A group of House Democrats next week will present U.S. Trade Representative Robert Lighthizer a response to the agency’s attempt to address concerns with the U.S.-Mexico-Canada Agreement, House Ways & Means Committee Chairman Richard Neal (D-MA) said on Friday, adding that the two sides had agreed to “intensify” negotiations.

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September 19, 2019

The House on Thursday passed a continuing resolution including language that would reauthorize the Export-Import Bank until Nov. 21, which could buy the leaders of the House Financial Services Committee more time to negotiate a long-term reauthorization bill.

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The Commerce Department and Mexican tomato growers on Thursday signed a final agreement that will suspend a U.S. antidumping investigation into fresh tomatoes from Mexico, despite reservations from the growers about an included inspection mechanism.

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Members of the House Democrats’ U.S.-Mexico-Canada Agreement working group plan to meet again with U.S. Trade Representative Robert Lighthizer on Friday, with some lawmakers suggesting progress was being made while noting that the negotiations are far from over.

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House minority leader Kevin McCarthy (R-CA) said on Thursday that Congress must pass the U.S.-Mexico-Canada Agreement by Thanksgiving or the deal won’t be ratified at all, putting the onus solely on House Speaker Nancy Pelosi (D-CA) to bring an implementing bill to the House floor.

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September 18, 2019

A suspension agreement covering fresh tomatoes from Mexico, reached by Mexican growers and the Commerce Department last month and expected to be signed this week, is still facing criticism from both Mexican producers and domestic importers concerned about the increased border inspections the deal would mandate.

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Amit Kumar, deputy chief of mission at the Indian Embassy in Washington, DC, along with a member of India's legislature this week said they were hopeful the U.S. and India would soon strike a trade accord.

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The National Foreign Trade Council on Wednesday announced the launch of a coalition it says will work with lawmakers to increase congressional oversight of presidential tariff authority.

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September 17, 2019

President Trump plans to meet with Japanese Prime Minister Shinzo Abe next Wednesday in New York City, White House National Economic Council Director Larry Kudlow said on Tuesday, suggesting the two could release more details then on the interim deal recently formalized by the two countries.

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President Trump plans to meet with Japanese Prime Minister Shinzo Abe next Wednesday in New York City, White House National Economic Council Director Larry Kudlow said on Tuesday, suggesting the two could release more details then on the interim deal recently formalized by the two countries.

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South Korea has challenged export restrictions imposed on Seoul by Japan at the World Trade Organization, escalating an ongoing trade tension between two major U.S. trading partners while the U.S. largely sticks to the sidelines.

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A provisional trade agreement reached by the U.S. and Japan could run afoul of World Trade Organization rules, analysts contended on Tuesday.

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