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Daily News

November 18, 2019

While an early trade deal with Japan should significantly reduce barriers for U.S. consumers, the Trump administration should push to complete a comprehensive agreement with Tokyo that conforms with World Trade Organization rules and goes beyond the U.S.-Mexico-Canada Agreement in some key areas, according to a group of advisers to the Office of the U.S. Trade Representative.

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A record 45 World Trade Organization notifications of safeguard actions were reviewed at a committee meeting on Monday even as members decried the rise in the use of such measures.

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November 15, 2019

The U.S. sugar industry is urging the Commerce Department to quickly adopt new proposed sugar suspension agreement amendments with Mexico, which are identical to the 2017 amendments that the Court of International Trade declared void last month.

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The installation of a new European Commission will present a fresh opportunity for the U.S. and EU to cooperate on combating illicit Chinese trading practices, but President Trump’s hostile attitude toward Europe could hinder any cooperation even on issues of shared concern, analysts said.

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The House on Friday approved Financial Services Committee Chair Maxine Waters’ (D-CA) bill to reauthorize the Export-Import Bank for 10 years.

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A group of tax-focused organizations on Friday came out against a link of a multi-employer pension bill to the U.S.-Mexico-Canada Agreement, an idea House Ways & Means Chair Richard Neal (D-MA) and other lawmakers have contemplated as a means of ensuring both are passed by Congress.

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November 14, 2019

Key House Democrats negotiating outstanding U.S.-Mexico-Canada Agreement concerns with the Office of the U.S. Trade Representative are waiting for administration officials to put their agreements in writing before moving forward, they said on Thursday.

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House lawmakers are pressing U.S. Trade Representative Robert Lighthizer for more information on initial and broader trade deals with Tokyo, questioning how the agency says it is upholding key tenets of a 2015 trade law.

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The U.S. and other World Trade Organization members this week blasted the European Union and the United Kingdom over proposed changes to their WTO schedules of concessions following Brexit, arguing that they would lead to diminished market access.

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A resolution between the Trump administration and House Democrats over the U.S.-Mexico-Canada Agreement is “imminent,” House Speaker Nancy Pelosi (D-CA) said Thursday.

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Ongoing trade tensions between the United States and China are hastening Beijing’s drive to technologically decouple from the U.S. amid fears that the Trump administration could cut off its supply of inputs to critical technologies, the U.S.-China Economic and Security Review Commission says in its new annual report.

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November 13, 2019

The exclusion of restrictive language on Chinese state-owned enterprises in an Export-Import Bank reauthorization bill crafted by House Financial Services Committee Chair Maxine Waters (D-CA) will not hinder the legislation’s success in the Senate, a member of the Senate Banking Committee said on Wednesday.

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U.S. business groups say the Organization for Economic Cooperation and Development should limit and more clearly define the scope of its efforts to develop a new international tax system that supersedes countries’ digital services taxes while demanding that the new system include a binding dispute-resolution mechanism and carveouts for certain sectors.

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The Office of the U.S. Trade Representative this week is expected to announce a delay of a Section 232 action based on the national security implications of auto and auto-parts imports and instead issue a report that includes auto industry investment plans crafted to stave off the imposition of trade restrictions, sources tell Inside U.S. Trade.

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The World Trade Organization’s systemic issues won’t be solved by the next ministerial conference in June 2020, the international body’s deputy director-general said Wednesday -- but 2025 is a “not unreasonable” deadline for a reformed WTO.

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November 12, 2019

The Justice Department has requested a 90-day stay of a Court of International Trade ruling ordering the U.S. to vacate 2017 amendments to sugar suspension agreements with Mexico while the Commerce Department solicits comments on identical suspension agreements to those defeated amendments, according to a sugar industry group.

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The U.S. will increase tariffs on China if the two sides do not close on a phase-one deal, President Trump said on Tuesday.

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A compromise bill crafted to curb presidential tariff authorities spearheaded by Senate Finance Committee Chairman Chuck Grassley (R-IA) won’t be put before the panel before the U.S.-Mexico-Canada Agreement is passed by Congress, the chairman said on Tuesday.

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More than a dozen World Trade Organization members, including the U.S., last week criticized the European Union in Geneva for lowering some of its maximum residue levels for a variety of pesticides used largely for producing citrus fruits and bananas.

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November 11, 2019

The U.S. could convince China to eliminate tariffs on U.S. agricultural goods if it revoked at least some of the tariffs it imposed in September on roughly $112 billion worth of Chinese goods, analysts say.

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