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Daily News

March 11, 2021

The looming expiration of so-called “fast-track” trade authority is prompting lawmakers and other stakeholders to assess ways the process might be improved as they wait to see whether the Biden administration requests the renewal of the authority.

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March 10, 2021

The U.S. and European Union should address the rise of China by leading a new initiative at the World Trade Organization to develop rules to ensure “competitive neutrality,” a top EU trade official said on Wednesday, citing industrial subsidies, state-owned enterprises and forced technology transfers as part of the scope.

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The U.S. International Trade Commission’s recent decision to limit imports needed for electric vehicle battery production in a Georgia plant could make it more difficult for some automakers to meet an already challenging U.S.-Mexico-Canada Agreement rule of origin, a longtime auto industry analyst said on Tuesday.

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Secretary of State Antony Blinken on Wednesday announced he will lead a high-level delegation to meet with Chinese counterparts in Alaska next week for a discussion about “a range of issues, including those where we have deep disagreements,” according to a State Department statement.

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Efforts to adapt trade investigation procedures to a virtual work environment during the COVID-19 pandemic revealed opportunities to reduce costs, broaden witness participation and increase public access to hearings, according to officials who say some changes could lead to permanent improvements.

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March 09, 2021

China’s National People’s Congress in 2021 is hoping to pass new laws governing science and technology advancements and emerging technologies while also re-examining existing laws, including an export control measure that went into effect in December, according to a summary of the body’s 2021 goals.

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While the Biden administration might not pursue comprehensive trade pacts early on, it is likely to consider sectoral deals -- such as an agreement with the European Union on a carbon border-adjustment mechanism -- “sooner rather than later,” a member of the president’s Office of the U.S. Trade Representative transition team said on Tuesday.

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Tariff détentes reached with the United Kingdom and the European Union last week could open the door to broader trade agreement discussions, Agriculture Secretary Tom Vilsack said last week, promising a strong departmental focus on “more markets, better markets, newer markets and fairer markets” during the Biden administration.

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March 08, 2021

The U.S. and European Union on Monday announced an agreement on how the EU and UK would apportion tariff-rate quotas post-Brexit to ensure “certainty for U.S. producers,” concluding a consultation required under the World Trade Organization.

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Following the U.S.-European Union and U.S.-United Kingdom tariff suspensions last week, Sen. Chuck Grassley (R-IA) on Monday urged the Biden administration to consider a trade deal with the UK its next trade priority.

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March 05, 2021

China on Friday issued a much-anticipated five-year plan that stakes out goals for development in seven high-tech sectors, outlines increases in research and development spending and emphasizes a need to attract foreign investment as part of its dual circulation strategy.

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Senator Bob Casey (D-PA) is refining legislation that would establish a process to screen outbound investments and the offshoring of critical supply chains to ensure the U.S. is prepared “in times of crisis,” he said in a statement.

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The U.S. on Friday said it would be an active and constructive participant in the World Trade Organization plurilateral discussions on environmental sustainability, a push likely to fit in to the Biden administration’s climate change agenda.

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The U.S. and European Union on Friday agreed to a four-month suspension of all tariffs imposed in the World Trade Organization disputes involving aircraft producers Airbus and Boeing, committing to work toward a permanent resolution.

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March 04, 2021

China’s Ministry of Commerce this week issued guidance saying Beijing will promote initiatives that attract foreign investment in high-tech sectors as a means to strengthen its supply chains, suggesting a range of moves including tax concessions and the expansion of free trade zones but noting all investments must fit China’s national strategy.

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The European Union, Korea, Australia and other World Trade Organization members criticized the U.S. on Wednesday for its plan to restrict U.S. procurement coverage of essential medical products, arguing it could disrupt international trade flows amid an ongoing pandemic and urging the U.S. to further clarify the implications of its proposal.

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The House Ways & Means trade subcommittee on Thursday pressed a panel of witnesses on what might happen if the Trade Adjustment Assistance program expired this summer, as well as possible ways to improve its efficacy.

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The U.S. and the United Kingdom on Thursday announced plans to temporarily suspend tariffs imposed in the 16-year-old World Trade Organization dispute involving aircraft producers Airbus and Boeing, pledging to work toward a resolution. 

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March 03, 2021

As Chinese leaders meet this week to unveil the country’s political and economic agenda during its annual “Two Sessions,” China policy analysts are on the lookout for signals from Beijing about how it will implement a plan to become technologically self-reliant.

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Plurilateral negotiations play an important role in the World Trade Organization, allowing members to move forward on important issues and keep the organization relevant and responsive, the U.S., European Union and others argued on Tuesday, defending plurilateral talks after India and South Africa raised concerns about their legal status at the WTO.

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