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Daily News

January 05, 2021

If the outgoing Trump administration moves forward with imposing Section 301 tariffs on goods from Vietnam, companies and other critics will have little time to express opposition before President-elect Biden is inaugurated.

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The fiscal year 2021 National Defense Authorization Act -- passed last week -- is laden with provisions designed to bolster the U.S. supply chains for rare earth elements and assess whether to bar imports of such materials from foreign adversaries.

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January 04, 2021

The European Union should not enter into an investment agreement with China without first working with President-elect Biden and the 117th Congress to combat Beijing’s trade practices, Sens. Pat Toomey (R-PA) and Mark Warner (D-VA) said in a statement on Monday.

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The Biden administration will need time to consult with allies on a strategy to address egregious Chinese trade practices before it can decide on the fate of the tariffs imposed by the Trump administration, the president-elect's national security adviser, Jake Sullivan, said on Sunday.

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The president should extend Section 201 measures on imports of large residential washers and parts for an additional two years, the U.S. International Trade Commission told the White House last month, contending it would allow the domestic industry to fully internalize benefits intended from the 2018 restrictions.

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December 31, 2020

When President-elect Joe Biden takes office in mid-January, a new dynamic inevitably will emerge in the U.S.-China relationship. The question is: Will it resemble the reset called for by some prominent Chinese officials, a more adversarial approach suggested by Biden during the campaign, or a mix of competitive and collaborative strategies?

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The Office of the U.S. Trade Representative will have $70 million to spend in fiscal year 2021, more than last year but less than the Trump administration had requested, according to the omnibus appropriations bill signed by the president in late December.

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The trade to-do list for the Biden administration and the 117th Congress is a long one: President-elect Biden, who will be sworn in on Jan. 20, will have to nominate a full slate of trade advisers and hope they are approved, while lawmakers are expected to weigh the looming expiration of Trade Promotion Authority and the end of two trade preference programs at the close of 2020.

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December 30, 2020

The Trump administration is imposing tariffs on additional goods from Europe in response to what it says were unfair calculations made by the European Union in its approach to retaliating against the U.S. for subsidies provided to Boeing, the Office of the U.S. Trade Representative said on Wednesday. 

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Many in Geneva are breathing a sigh of relief at the chance of working with a more multilateral-friendly U.S. under President-elect Joe Biden, but the Trump administration’s World Trade Organization dispute settlement approach – from the Appellate Body to the use of the national security exception – will continue to reverberate in 2021.

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The key word for the World Trade Organization in 2021 is leadership. Will there be a new director-general to wield it? Can the U.S. reassert it? And will it be enough to pull the WTO out of its deep, dysfunctional hole?

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Several industry groups on Tuesday urged the Office of the U.S. Trade Representative not to impose tariffs on Vietnam in response to alleged currency undervaluation, arguing the rising U.S. trade deficit with Vietnam is the result of Section 301 tariffs on China and warning that new tariffs would harm U.S. interests and consumers.

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December 29, 2020

As President-elect Joe Biden prepares to take office in January, embarking on an unprecedented effort to battle climate change, trade analysts say they are waiting see how the new administration plans to use trade policy to achieve his climate goals – and whether it’s possible to do so.  

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President-elect Joe Biden will have a plethora of trade options to consider when he takes office next month, when he will inherit a slew of ongoing negotiations and other initiatives begun by the Trump administration that will demand his trade team’s attention regardless of his stated plan to concentrate resources on domestic economic revitalization before considering new deals.

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The Trump administration is hindering efforts to ensure a smooth transition of power, President-elect Joe Biden said on Monday, citing briefings from transition officials about the “critical early investment” needed to ensure the U.S. can rebuild alliances to take on key threats – including China. 

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December 28, 2020

While unions and Democratic lawmakers are eager to put the U.S.-Mexico-Canada Agreement’s new labor enforcement mechanisms to use, two officials overseeing the implementation of the deal recently took pains to note the substantial nature of Mexico’s labor reforms – and to stress that the road ahead won’t always be smooth. 

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The Export-Import Bank is increasingly instrumental to U.S. national security interests and its importance is expected to continue regardless of the looming change in administration, current and former bank officials told Inside U.S. Trade.

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December 24, 2020

With less than a month to go before Inauguration Day, the Office of the U.S. Trade Representative has yet to comment on what, if anything, it is doing to cooperate with the transition team set up by President-elect Joe Biden to smooth the transfer of power for his new team.

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Chinese authorities on Saturday issued regulations setting up a mechanism to review foreign investments for national security implications that would allow authorities to reject or limit practically any foreign investments in China.

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U.S. trade preference programs should be “modernized” to better protect women’s rights and ensure equal economic participation, Sen. Bob Casey (D-PA) and House Ways & Means trade subcommittee Chairman Earl Blumenauer (D-OR) said this week.

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