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Daily News

May 18, 2020

Jennifer Prescott, assistant U.S. Trade Representative for environment and natural resources since 2013, has left the agency to take a position with Amazon Web Services.

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May 15, 2020

Amid the ongoing public health emergency, the U.S. will prioritize the “exigencies” of the crisis before it will discuss the World Trade Organization’s role in the recovery or preparations for the next crisis, the country said at the General Council meeting on Friday, arguing WTO initiatives should take a back seat for the time being.

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The Export-Import Bank is seeking industry input on how it might change its U.S. content requirement for the technology sector so companies can receive more financing and be more competitive against China, agency officials said on Thursday.

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With the relationship between Washington, DC, and Beijing as fraught as it has been in a generation, the Trump administration runs the risk of making a bad situation worse if the president opts to terminate the U.S.-China phase-one agreement, China analysts tell Inside U.S. Trade.

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The Commerce Department on Friday announced an amendment to the foreign direct product rule that will make high-tech chips destined for Huawei subject to U.S. export control licensing requirements if those chips are produced with U.S.-controlled equipment or if the chip’s design are of U.S. origin.

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The U.S. and India should build on their cooperative efforts to battle the coronavirus pandemic and improve their trade relationship, India analysts said this week, contending that increased engagement could provide the impetus needed to complete an initial trade deal.

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May 14, 2020

A new World Trade Organization director-general must have time to chart a path forward for the postponed ministerial conference as well as the future of the organization, Director-General Roberto Azevêdo told members on Thursday in announcing his plan to step down a year early.

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G20 trade and investment officials convened virtually for a second time this week, endorsing a set of short- and long-term “collective actions” countries could take to combat economic harm caused by the coronavirus pandemic.

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World Trade Organization Director-General Roberto Azevêdo will announce on Thursday that he will step down as of Sept. 1, a year earlier than his second term is set to conclude, a WTO official told Inside U.S. Trade.

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May 13, 2020

European Union trade officials on Friday will discuss EU-U.S. trade relations as the bloc’s trade commissioner, Phil Hogan, looks to refresh the trans-Atlantic relationship and address some irritants between the two on the path to economic recovery.

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European Union trade officials on Friday will discuss EU-U.S. trade relations as the bloc’s trade commissioner, Phil Hogan, looks to refresh the trans-Atlantic relationship and address some irritants between the two on the path to economic recovery.

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U.S. Trade Representative Robert Lighthizer and Japanese Foreign Affairs Minister Toshimitsu Motegi this week affirmed a joint hope to reform the World Trade Organization’s dispute settlement system and forge new e-commerce rules, according to USTR.

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Not all importers hurt by the economic impacts of the COVID-19 pandemic were able to take advantage of the Trump administration’s move in April to temporarily delay some duty payments, a senior U.S. Customs and Border Protection official said on Tuesday.

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May 12, 2020

U.S. and Chinese officials on Tuesday endorsed the status quo for the phase-one trade agreement the two sides signed in January, refuting talk of renegotiation or termination.

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Technical trade teams from the U.S. and Brazil have been in frequent contact this month, sources tell Inside U.S. Trade, hoping to conclude an initial deal this year that covers digital trade and anticorruption in addition to trade facilitation and good regulatory practices.

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China’s ambassador to the World Trade Organization, Zhang Xiangchen, said on Tuesday he was disappointed members had not united more amid the novel coronavirus pandemic, blaming a lack of leadership and trust among the membership.

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Mexico’s decision to shut down some industrial sectors by deeming them non-essential amid the coronavirus outbreak is a “serious problem,” Senate Finance Committee Chairman Chuck Grassley (R-IA) said on Tuesday, citing impacts on North American supply chains.

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May 11, 2020

A handful of complaints likely will be filed under the U.S.-Mexico-Canada Agreement’s rapid-response labor enforcement mechanism soon after the pact enters into force in July, according to several analysts and trade lawyers.

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A group of 25 House Ways & Means Committee Democrats on Monday lambasted the Trump administration for missing a deadline to establish a task force on forced labor required under by the U.S. bill implementing the U.S.-Mexico-Canada Agreement.

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A group of 25 House Ways & Means Committee Democrats on Monday lambasted the Trump administration for missing a deadline to establish a task force on forced labor required under by the U.S. bill implementing the U.S.-Mexico-Canada Agreement.

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