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Daily News

September 11, 2020

Lawmakers showed bipartisan support for the renewal of the Caribbean Basin Trade Partnership Act on Thursday, though some Republicans are pushing to link CBTPA to the renewal of the Generalized System of Preferences.

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With a robust and challenging domestic agenda likely to occupy a Biden administration if the former vice president wins in November, trade issues -- including World Trade Organization reform -- are unlikely to be a top priority, former U.S. Trade Representative Robert Zoellick said on Thursday, suggesting a strong USTR will be needed to facilitate real progress in Geneva.

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President Trump will continue to push for unilateral concessions from China if he is re-elected, according to one of his former trade advisers, while a Biden administration will “clarify” U.S. trade goals with Beijing while recruiting allies to help rein in China’s trade practices.

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September 10, 2020

The World Trade Organization must be pulled back from the precipice of irrelevance and political weakness, says the United Kingdom’s nominee to lead it – arguing he would do so by making the global case for free trade, the multilateral rules-based system and what the world would lose without them.

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Instead of using tariffs initially favored by President Trump, the administration and some members of Congress are eyeing state and local government grants to incentivize more domestic production in critical areas and move toward further decoupling from China, Rep. Michael McCaul (R-TX) said on Thursday.

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Efforts to correct drafting errors in the U.S.-Mexico-Canada Agreement implementing bill are facing roadblocks, Senate Finance Committee Chairman Chuck Grassley (R-IA) said this week, adding that he hopes to address the provisions before the end of the year.

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Supporters of the defendant in a U.S. International Trade Commission case, brought by the makers of Botox, are raising concerns about a potentially precedent-setting ruling they say could transform the ITC into an adjudicator of foreign disputes and undermine its mission to protect domestic interests.

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September 09, 2020

An advisory committee commissioned by the British government wants UK negotiators in talks with the U.S. to seek provisions on intellectual property that are more stringent than what Washington has agreed to in previous trade agreements, according to a briefing document obtained by Inside U.S. Trade.

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The administration of British Prime Minister Boris Johnson is eyeing a unilateral rewrite of some of its obligations in the withdrawal bill agreed between the United Kingdom and the European Union earlier this year, an effort likely to jeopardize Democratic congressional support for a U.S.-UK trade deal.

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Customs agencies in the U.S., Mexico, Canada remain in close contact on the U.S.-Mexico-Canada Agreement implementation, officials said this week, enjoying what one U.S. official dubbed the “honeymoon” phase.

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September 08, 2020

Former Vice President Joe Biden's “globalist” view of trade policy is increasingly out of step with his own party, U.S. Trade Representative Robert Lighthizer said last week.

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Two senior House Ways & Means trade subcommittee Democrats said last week they were optimistic a Biden administration could prioritize a reset of U.S. trade relations.

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After World Trade Organization director-general hopefuls mounted their final charges last week -- a deluge of interviews, webinars and tweetstorms -- members this week are beginning the process of teasing out the top five candidates for continued vetting and, eventually, selecting just one.

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September 04, 2020

Regulations issued this week by China’s Ministry of Commerce establishing a framework for foreign companies to submit complaints about regulatory issues are largely symbolic and will have little effect on the business environment in China, analysts tell Inside U.S. Trade -- though some argue the symbolism is at least a good sign.

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The future of the Trade Promotion Authority law may come down to who wins the White House in November, according to two prominent House Ways & Means Committee Democrats.

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September 03, 2020

The AFL-CIO this month will file a labor complaint against Mexico under the U.S.-Mexico-Canada Agreement, the union federation’s president, Richard Trumka, said on Thursday.

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The U.S. trade deficit jumped by nearly 20 percent in July from the previous month to the highest total in more than a decade as the country continues its erratic economic recovery.

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President Trump’s re-imposition of tariffs on Canadian aluminum could have serious implications for the implementation of the U.S.-Mexico-Canada Agreement, Rep. Ron Kind (D-WI) said this week.

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Having dealt with longstanding U.S. market-access concerns, Taiwan is hoping to initiate trade negotiations before the end of the year, Taipei’s envoy to the U.S., Bi-Kuhn Hsiao, told Inside U.S. Trade this week.

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September 02, 2020

U.S. and United Kingdom negotiators will look to make progress on difficult issues in upcoming trade negotiating rounds, including agriculture and food products, procurement and trans-Atlantic business mobility, a source close to the talks told Inside U.S. Trade -- though the U.S. election in November looms as a potential obstacle.

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