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Daily News

May 22, 2019

British Prime Minister Theresa May is facing increasing pressure from her own Conservative Party to step down amid expectations that a scheduled fourth vote on her Brexit deal in two weeks will fail, even after she announced on Tuesday a series of concessions -- including a vote on alternative customs arrangements and an offer to give Parliament a voice in post-Brexit trade negotiating objectives.

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Mexican tomato growers have filed suit at the Court of International Trade accusing the U.S. Commerce Department of improperly withdrawing from a 2013 suspension agreement on fresh tomatoes from Mexico and requesting an injunction against duties that have been re-imposed on tomato imports.

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May 21, 2019

A group of World Trade Organization members this week will announce a renewed focus on domestic regulation in services negotiations they hope to conclude before the WTO’s 12th ministerial next summer, but a deal could end up being a plurilateral if members are not able to get the U.S. on board by resolving a concern over the scope of the talks, according to sources following the issue.

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Senate Republicans believe congressional approval of the U.S.-Mexico-Canada Agreement would be aided by Canada opting to ratify the deal first, lawmakers told Inside U.S. Trade after meeting with U.S. Trade Representative Robert Lighthizer on Tuesday. 

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As U.S. Trade Representative Robert Lighthizer continues to meet with Democrats to push for the ratification of the U.S.-Mexico-Canada Agreement, many maintain that the removal of the Section 232 tariffs on Canada and Mexico was merely a step in a larger process toward moving the deal to a vote -- a process that could involve small groups of lawmakers to deal with the most pressing issues.

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Global trade growth has “slowed abruptly” over the past year, the Organization for Economic Cooperation and Development says in its new forecast for 2019, warning that unless trade barriers are lowered, member countries' living standards could drop by 2020.

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May 20, 2019

A monetary cap on fisheries subsidies is gaining momentum at the World Trade Organization, but time is running out for members to bridge widening gaps as they push to meet a year-end deadline for an agreement to eliminate the worst forms of subsidies, according to Geneva sources.

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The National Foreign Trade Council has thrown its support behind the international steel group seeking to challenge the constitutionality of the Section 232 statute at the Supreme Court.

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May 17, 2019

The U.S. will eliminate Section 232 tariffs on steel and aluminum from Canada and Mexico in exchange for the repeal of retaliatory duties on U.S. goods, though all parties retain authority to re-impose 25 and 10 percent tariffs if there is a surge in imports and consultations about the sudden increase fail.

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The Office of the U.S. Trade Representative could announce a final resolution to the national security-based steel and aluminum tariffs on Canada and Mexico as soon as Friday, sources tell Inside U.S. Trade.

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President Trump on Friday signed a proclamation setting a six-month deadline for the U.S. to reach a deal with the European Union and Japan to “address the threatened impairment of the national security with respect to imported automobiles and certain automobile parts.”

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The Trump administration terminated Turkey’s Generalized System of Preferences benefits on Friday, saying its economy was sufficiently developed, according to a proclamation signed by the president on Thursday.

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May 16, 2019

An executive order President Trump signed on Wednesday that lays the groundwork for the U.S. to ban imports of Chinese information communication technology exports creates further pressure on Beijing to make concessions in trade negotiations with the U.S., according to industry sources.

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Staving off the looming paralysis of the World Trade Organization’s Appellate Body is increasingly unlikely as the U.S. has repeatedly rebuffed -- or ignored -- efforts by other members to satisfy Washington’s objections.

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Agriculture Secretary Sonny Perdue said Wednesday that the Agriculture Department’s initial estimation of trade damages to be addressed by a new round of farm aid is $15-20 billion.

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May 15, 2019

Mexico is close to a Section 232 deal with the U.S., Mexican Under Secretary for North America Jesús Seade said on Wednesday, adding that he was optimistic Canada was nearing an agreement as well -- but both Canadian and Mexican officials suggested talks remained at a stalemate.

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Lawmakers representing districts with Boeing facilities have run out of patience over an aerospace subsidy dispute between the U.S. and European Union that has spanned over a decade, calling this week for the Trump administration to impose tariffs on the EU for “launch aid” subsidies to Airbus that the World Trade Organization has ruled are violations.

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After a Wednesday meeting with U.S. Trade Representative Robert Lighthizer, House Ways & Means Chairman Richard Neal (D-MA) praised the “goodwill in the room” but said USTR’s proposal to address Democrats’ concerns with the U.S.-Mexico-Canada Agreement still had a “ways to go.”

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Several items dropped from previous tranches of Section 301 tariffs are being targeted by the Office of the U.S. Trade Representative in a new draft list of roughly $300 billion in Chinese imports that could be hit with 25 percent duties, drawing the ire of some in the private sector.

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May 14, 2019

The U.S. and its North American trading partners could soon reach an agreement on Section 232 steel and aluminum tariffs, Senate Finance Chairman Chuck Grassley (R-IA) said on Tuesday.

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