Congress’ decision this week not to include the renewal of the Generalized System of Preferences in a massive end-of-year legislative package was a mistake that will hurt the economy, Senate Finance Committee Chairman Chuck Grassley (R-IA) and industry groups said this week.
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Daily News
December 23, 2020
The omnibus spending and coronavirus relief package Congress passed this week includes requirements for a variety of agencies to issue reports assessing whether China exploited the pandemic to advance its economic and political goals and if partner countries have sufficient export control regimes.
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The World Trade Organization should treat a country’s failure to uphold basic environmental standards as a subsidy and allow other members to impose countervailing duties to offset the benefit received by an industry that does not meet “a threshold of fundamental standards,” the U.S. proposed in Geneva last week.
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December 22, 2020
The Commerce Department’s Bureau of Industry and Security has created a “Military End User List” to inform U.S. exporters when they need to apply for licenses to sell to foreign companies in China, Russia and Venezuela, Commerce announced on Monday.
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The Biden administration would welcome “early consultations” with the European Union on ways to address mutual concerns about Beijing’s economic practices, Jake Sullivan, President-elect Joe Biden’s pick for national security adviser, said on Monday.
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The U.S. International Trade Commission on Tuesday released a second report to Congress on coronavirus-related goods, finding that for some, supply-chain challenges are likely to persist through 2022.
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The World Trade Organization will close out 2020 empty-handed after members concluded their final General Council meeting of the year on Friday and failed to advance much -- except the budget -- while the organization remains leaderless and without a functioning Appellate Body.
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December 21, 2020
A proposal addressing technical corrections to the U.S.-Mexico-Canada Agreement is part of an omnibus legislative package expected to be passed by Congress on Monday, sources tell Inside U.S. Trade.
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A slate of technical corrections to the U.S.-Mexico-Canada Agreement was included in an omnibus legislative package expected to be passed by Congress on Monday.
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The U.S. should not include controversial language on internet liability protection for online companies in a trade agreement with the United Kingdom, a bipartisan group of senators told U.S. Trade Representative Robert Lighthizer last week.
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Just five trade disputes were initiated at the World Trade Organization this year, marking a record low for the organization in a year in which the world grappled with a pandemic and members in Geneva lacked a functioning Appellate Body.
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A broad group of industry associations and business groups wants the Office of the U.S. Trade Representative to put the brakes on a probe of Vietnam’s currency practices after the Treasury Department this week named the country a currency manipulator.
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December 18, 2020
The Office of the U.S. Trade Representative is aiming to release the results of Section 301 investigations into digital services taxes being considered by 10 countries in early January, Inside U.S. Trade has learned.
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The Export-Import Bank’s board of directors on Thursday voted to lower the content threshold for the financing of a specific set of high-tech sectors in an effort to increase U.S. industrial competitiveness against China.
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The Commerce Department on Friday announced it would add the Chinese state-owned Semiconductor Manufacturing International Corporation to its Entity List in an effort to prevent it from developing the technology needed to produce the most advanced semiconductors.
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December 17, 2020
Communist Party officials in China’s Ministry of Commerce on Thursday made the case that China must take a leading role in reforming global governance and ensure its values are reflected at institutions like the World Trade Organization and in new e-commerce rules.
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The Trump administration on Thursday argued that an initiative aimed at facilitating trade in medical goods put forward by a group of members, including the European Union, was unnecessary because its advocates have not proven there is a problem to solved.
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President-elect Joe Biden is expected to normalize U.S. international dealings after a chaotic four years under President Trump, who roiled allies and adversaries alike and often conducted diplomacy by tweet, but the strategic competition evolving between the U.S. and China will keep them from returning to previous norms, a host of stakeholders and analysts said this week.
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December 16, 2020
The European Union on Tuesday unveiled two new legislative proposals on digital services and markets, prompting pushback from U.S. trade associations that called the possible moves protectionist and discriminatory.
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Brazil’s decision to impose a 20 percent tariff on all U.S. ethanol imports this week, after market-access talks ended without a deal, has drawn the ire of industry groups now calling on the incoming Biden administration to respond in kind.
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