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Daily News

September 20, 2019

The U.S. has requested a World Trade Organization dispute settlement ruling on tariffs imposed by India following the Trump administration’s removal of the country from a program granting preferential treatment for some developing countries.

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A group of House Democrats next week will present U.S. Trade Representative Robert Lighthizer a response to the agency’s attempt to address concerns with the U.S.-Mexico-Canada Agreement, House Ways & Means Committee Chairman Richard Neal (D-MA) said on Friday, adding that the two sides had agreed to “intensify” negotiations.

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September 19, 2019

The House on Thursday passed a continuing resolution including language that would reauthorize the Export-Import Bank until Nov. 21, which could buy the leaders of the House Financial Services Committee more time to negotiate a long-term reauthorization bill.

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The Commerce Department and Mexican tomato growers on Thursday signed a final agreement that will suspend a U.S. antidumping investigation into fresh tomatoes from Mexico, despite reservations from the growers about an included inspection mechanism.

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Members of the House Democrats’ U.S.-Mexico-Canada Agreement working group plan to meet again with U.S. Trade Representative Robert Lighthizer on Friday, with some lawmakers suggesting progress was being made while noting that the negotiations are far from over.

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House minority leader Kevin McCarthy (R-CA) said on Thursday that Congress must pass the U.S.-Mexico-Canada Agreement by Thanksgiving or the deal won’t be ratified at all, putting the onus solely on House Speaker Nancy Pelosi (D-CA) to bring an implementing bill to the House floor.

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September 18, 2019

A suspension agreement covering fresh tomatoes from Mexico, reached by Mexican growers and the Commerce Department last month and expected to be signed this week, is still facing criticism from both Mexican producers and domestic importers concerned about the increased border inspections the deal would mandate.

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Amit Kumar, deputy chief of mission at the Indian Embassy in Washington, DC, along with a member of India's legislature this week said they were hopeful the U.S. and India would soon strike a trade accord.

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The National Foreign Trade Council on Wednesday announced the launch of a coalition it says will work with lawmakers to increase congressional oversight of presidential tariff authority.

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September 17, 2019

President Trump plans to meet with Japanese Prime Minister Shinzo Abe next Wednesday in New York City, White House National Economic Council Director Larry Kudlow said on Tuesday, suggesting the two could release more details then on the interim deal recently formalized by the two countries.

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President Trump plans to meet with Japanese Prime Minister Shinzo Abe next Wednesday in New York City, White House National Economic Council Director Larry Kudlow said on Tuesday, suggesting the two could release more details then on the interim deal recently formalized by the two countries.

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South Korea has challenged export restrictions imposed on Seoul by Japan at the World Trade Organization, escalating an ongoing trade tension between two major U.S. trading partners while the U.S. largely sticks to the sidelines.

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A provisional trade agreement reached by the U.S. and Japan could run afoul of World Trade Organization rules, analysts contended on Tuesday.

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With U.S. lobster exports to China down more than 80 percent since June 2018, Massachusetts lawmakers including Sen. Elizabeth Warren (D) are growing increasingly concerned about their state's industry, and asking for help in finding new markets.

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September 16, 2019

President Trump plans to use a mechanism allowed under a 2015 trade law to enter into a deal on “tariff barriers” with Japan, he told Congress on Monday, adding that the two sides would also sign an “executive agreement” on digital trade.

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The World Trade Organization has told the U.S. it may move ahead with retaliation against the European Union for its subsidization of airplane manufacturer Airbus, a move that could further entrench tensions between the two trading partners.

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Ex-Im Bank Advisory Committee Chairman Stevan Pearce last week decried the use of a continuing resolution as a vehicle for reauthorizing the bank’s charter -- an idea being floated by key lawmakers.

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Brazil and the U.S. are discussing “a very interesting” trade package as they inch closer to a broader agreement, according to a senior Brazilian official.

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September 13, 2019

After a series of meetings in Washington, DC, this week, Brazilian Minister of Foreign Affairs Ernesto Araújo on Friday said the country's trade relationship with the U.S. was “going forward very quickly.”

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World Trade Organization members this week did not show they were any closer to consensus in negotiations over restricting subsidies for illegal, unreported and unregulated fishing, which they had committed to finishing in December.

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