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Daily News

May 29, 2019

Prime Minister Justin Trudeau introduced implementing legislation for the U.S.-Canada-Mexico Agreement to the House of Commons on Wednesday, sparking reactions from Conservative and New Democratic party leaders who questioned whether the deal was adequate as written, with some lawmakers pushing to slow the deal's ratification.

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Escalating tariffs between the U.S. and China are causing U.S. businesses to lose market share in China that will not be regained even when those tariffs are lifted -- and expected additional tariffs will cause similarly irreparable damage, industry representatives say.

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The Supreme Court should heed precedent and not consider an international steel group’s constitutional challenge of the national security-based statute President Trump has used to employ tariffs on steel and aluminum imports, the Justice Department argued this week.

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World Trade Organization members that identify as developing countries have issued a joint statement detailing their shared goals, many of which conflict directly with U.S. priorities in Geneva -- including special and differential treatment, the Appellate Body impasse and WTO rules on agriculture.

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Following high-level meetings and a congressional staff visit, Switzerland is rising on the Office of the U.S. Trade Representative’s list of targets for a free trade deal, sources tell Inside U.S. Trade.

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May 28, 2019

The Treasury Department, in its latest biannual report to Congress, has again found no currency manipulators among major U.S. trading partners, though it has made stringent changes to its monitoring list and expanded the number of countries assessed.

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The U.S. on Tuesday blocked the European Union’s first request to establish a World Trade Organization dispute panel over the Commerce Department’s antidumping and countervailing duties on Spanish olives.

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The European Union is vetting a plan for an interim alternative to the World Trade Organization’s Appellate Body, which may be unable to hear appeals in December because the U.S. refuses to lift a block on nominations to the panel.

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May 24, 2019

European parliamentary elections underway this week are not are not expected to immediately affect nascent trans-Atlantic trade negotiations, but the results could have a lasting impact on European trade policy.

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Trade ministers meeting on the margins of the Organization for Economic Co-operation and Development meeting in Paris directed negotiators to move toward text-based negotiations in hopes of reading agreement at the World Trade Organization to ban harmful fisheries subsidies, according to Geneva sources.

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India has re-elected Prime Minister Narendra Modi, a move analysts say might not bode well for its bilateral trade relationship with Washington.

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India has re-elected Prime Minister Narendra Modi, a move analysts say might not bode well for its bilateral trade relationship with Washington.

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Florida tomato growers have shot down a new proposal from their Mexican counterparts seeking to bring the two sides closer to a new suspension agreement on fresh tomatoes from Mexico since the U.S. withdrew from the previous agreement earlier this month.

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The Commerce Department on Thursday introduced a draft rule that would authorize the use of countervailing duties on countries that undervalue their currency relative to the U.S. dollar.

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May 23, 2019

President Trump on Thursday questioned House Speaker Nancy Pelosi’s ability to understand his signature trade deal, the U.S.-Mexico-Canada Agreement, and said he was “at a point” where he would “have to send it” to Congress.

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The U.S. on Thursday did not join 59 World Trade Organization members in signing a joint statement pledging to work to incorporate commitments on domestic regulation in services into their respective schedules by the next ministerial conference next summer.

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The Trump administration's new $16 billion trade mitigation package will, like last year's program, include direct payments to farmers, purchases of excess commodities and agricultural trade promotion efforts, the Agriculture Department said on Thursday.

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A U.S. push to ensure plurilateral talks on e-commerce rules cover provisions like those in the U.S.-Mexico-Canada Agreement is proving problematic for the European Union, which does not have the authority to negotiate as broadly as the U.S. would like, according to sources following the talks.

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Members of the House Ways & Means trade subcommittee this week used a hearing on U.S.-Mexico-Canada Agreement enforcement to address issues with the scope of the new pact’s investor-state dispute settlement mechanism, asking whether the tool should apply more broadly.

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May 22, 2019

Witnesses at a House hearing on Wednesday offered House lawmakers several suggestions -- including a more robust version of a proposal advanced by two Democratic senators -- for how the administration could enforce the U.S.-Mexico-Canada Agreement, though all agreed that unilateral action under Section 301 of the 1974 Trade Act would be inadequate.

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