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Daily News

November 20, 2019

Several members of the House Ways & Means trade subcommittee on Wednesday blasted the administration for neglecting to conduct meaningful consultations during their negotiations with Japan as required by the 2015 Trade Promotion Authority law.

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The U.S. on Tuesday knocked China for pulling out of the Global Steel Forum, arguing at the World Trade Organization that the steel overcapacity problem can only be solved if the largest producers -- like China -- take part.

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A World Trade Organization compliance panel last week found the U.S. had appropriately labeled an Indian minerals corporation as a public body despite India’s claim that the Commerce Department again misapplied the controversial standard when it issued new final determinations following a 2014 Appellate Body report.

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November 19, 2019

AFL-CIO President Richard Trumka is holding out support for the U.S.-Mexico-Canada-Agreement in hopes of extracting more concessions from the Office of the U.S. Trade Representative, one House Democrat tasked with negotiating labor provisions with USTR said, while other lawmakers believe the two sides are close to a deal.

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Republican Senate Finance Committee members Rob Portman (OH) and Tim Scott (SC) said the administration’s lack of announcement on the Section 232 auto probe this month suggests the president may forgo imposing tariffs on key allies.

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The Court of International Trade last week denied a Trump administration motion to dismiss a challenge lodged by a U.S. importer of steel products over the president’s decision last August to ratchet up Section 232 tariffs on steel from Turkey.

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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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