As the U.S. and China threaten to continue escalating tariffs, the Organization for Economic Cooperation and Development is warning that the majority of the “burden” will be felt by U.S. consumers -- and if the dispute continues to escalate, world trade will reduce significantly by 2021.
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Daily News
November 21, 2018
November 20, 2018
China is continuing to flout international rules by stealing intellectual property, erecting unfair trade barriers and acquiring sensitive technology via forced transfers, the Office of the U.S. Trade Representative said in an update to its Section 301 report.
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U.S. Trade Representative Robert Lighthizer has asked the U.S. International Trade Commission to study the economic effects of lower U.S. tariffs on European goods, including those on agricultural products, despite the European Union’s refusal to consider agriculture in the scope of a potential trans-Atlantic trade deal.
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The U.S. and Japan are headed for difficult negotiations on autos and currency commitments, among other issues, in negotiations for a bilateral trade deal that could jeopardize cooperation between the two countries in dealing with China, sources tell Inside U.S. Trade.
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Celeste Drake, trade policy specialist with the AFL-CIO, told the U.S. International Trade Commission last week that the Trump administration must get more “creative” in crafting the language used to enforce labor provisions in the U.S.-Mexico-Canada Agreement.
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Apparel industry groups are raising concerns about regulatory requirements in the U.S.-Mexico-Canada Agreement they say could harm the industry, keeping companies from expanding their sourcing in Mexico and Canada.
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November 19, 2018
President Trump is expected to formally support the initiation of Argentina's accession to the Organization for Economic Cooperation and Development when he attends the G20 summit in Buenos Aires later this month, sparking industry calls for a crackdown on the country's intellectual property practices.
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November 16, 2018
Several World Trade Organization members, including the U.S., this week addressed outstanding issues in agricultural market access negotiations in Geneva, singling out high “water” levels and export competition.
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After speaking with U.S. Trade Representative Robert Lighthizer on Thursday, Rep. Bill Pascrell (D-NJ) said the two were on the same page on changes that must be made for the U.S.-Mexico-Canada Agreement to receive support from Democrats.
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U.S. concerns with China will not be solved at the G20 summit in Argentina – or even in the next decade, Sen. Dan Sullivan (R-AK) said this week, contending that what he called “promise fatigue” with Beijing would extend far beyond the Trump administration.
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November 15, 2018
Members of the U.S. International Trade Commission this week questioned stakeholders on the costs and benefits of the new auto rule-of-origin provisions in the U.S.-Mexico-Canada Agreement, probing which provisions were considered most problematic.
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The draft Brexit deal unveiled by the UK government this week could stop a future U.S.-United Kingdom free trade deal before meaningful talks have even begun, two British Conservative members of Parliament, along with a British trade analyst, argued on Thursday.
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U.S. Trade Representative Robert Lighthizer has not told industry executives that future Section 301 tariffs on Chinese goods were on hold, his office told Inside U.S. Trade on Thursday.
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The good regulatory practices chapter of the U.S.-Mexico-Canada Agreement could serve as a template for future negotiations with the European Union, according to former U.S. trade negotiators, analysts and stakeholders.
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November 14, 2018
The European Union will not enter into trade negotiations with the United States if the Office of the U.S. Trade Representative includes agricultural market access in the list of negotiating objectives it must submit to Congress before formal talks can begin, according to EU Trade Commissioner Cecilia Malmström.
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While U.S. and Canadian officials are working to reach a Section 232 resolution on steel and aluminum restrictions, an agreement before the signing of the U.S.-Mexico-Canada Agreement is not guaranteed, Kirsten Hillman, Canada's deputy ambassador to the U.S., said on Wednesday.
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Deputy U.S. Trade Representative Jeffrey Gerrish will attend the Asia Pacific Economic Cooperation forum this week, though substantive outcomes are not expected.
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The U.S.-China Economic and Security Review Commission is recommending that Congress review with the Office of the U.S. Trade Representative the possibility of initiating cases at the World Trade Organization challenging Chinese trade abuses using the rarely cited non-violation clause of the General Agreement on Tariffs and Trade.
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November 13, 2018
As Trump administration trade officials gathered at the White House to discuss a draft Section 232 report on the imports of autos and auto parts, EU Trade Commissioner Cecilia Malmström said on Tuesday that she expected the European Union to remain outside the scope of any potential tariffs stemming from the investigation.
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While the U.S. and China have resumed talks on a potential trade arrangement that could be struck at the G20 summit in Argentina later this month, according to White House economic adviser Larry Kudlow, Vice President Mike Pence said this week that any deal would have to include a complete “change of posture.”
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