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Daily News

January 10, 2019

The passage of the U.S.-Mexico-Canada Agreement, the resolution of disputes over steel and aluminum tariffs and ongoing talks with Beijing top the U.S. Chamber of Commerce’s 2019 trade agenda, as outlined on Thursday by President and CEO Thomas Donohue.

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January 09, 2019

Incoming Senate Finance Committee Chairman Chuck Grassley (R-IA) said on Wednesday that if Democrats insist on re-opening trade talks with Canada and Mexico, the president should “pull out” of the North American Free Trade Agreement.

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Trade ministers from the U.S., EU and Japan focused on non-market oriented policies and practices during a meeting in Washington, DC, this week, and instructed staff to finalize text on industrial subsidies in hopes of engaging other World Trade Organization members on the issue this spring, according to a joint statement.

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In back-to-back blows to British Prime Minister Theresa May's attempt to win approval for her Brexit plan, the United Kingdom Parliament voted on Wednesday to direct May to present a “Plan B” within three days if her deal is rejected next week. On Tuesday, the Parliament voted to restrict the government's spending powers in the event of a no-deal outcome.

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The Office of the U.S. Trade Representative will run out of funds and furlough most of its staff on Monday if the government shutdown is not resolved by then, sources have told Inside U.S. Trade.

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EU Trade Commissioner Cecilia Malmström said on Wednesday that the U.S. still has not agreed to exclude agriculture from the scope of potential free trade agreement negotiations.

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Value of U.S.-China deal hinges on enforcement mechanisms

The value of a deal the U.S. and China could reach in the coming weeks will depend largely on the enforcement mechanisms China will be willing to agree to, analysts and industry sources said.

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January 08, 2019

The Trump administration's negotiating objectives for a U.S.-Japan free trade agreement include weaker investment and dispute settlement language than those included in prior deals, according to former trade officials and other sources.

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A business advocacy group that includes several large U.S. companies on Tuesday called on the British government to “stop the clock” on Brexit, saying that if Parliament votes down the withdrawal deal next week, as expected, another referendum should be held.

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Venezuela has initiated a dispute with the U.S. at the World Trade Organization over what it's calling “discriminatory measures” aimed at its goods and services.

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January 07, 2019

A coalition of business groups focused on getting the U.S.-Mexico-Canada Agreement through Congress is slated to be launched in the coming weeks, Inside U.S. Trade has learned.

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January 04, 2019

U.S. Trade Representative Robert Lighthizer on Friday requested consultations with Lima under the U.S.-Peru Trade Promotion Agreement for what he said was a violation of the country's environmental obligations under the deal.

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House Speaker Nancy Pelosi (D-CA) took back the gavel of the House on Thursday, giving her increased power to trip up President Trump's trade agenda, including his signature trade deal, the U.S.-Mexico-Canada Agreement.

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Following a nine-month investigation, the European Commission on Friday announced its intent to impose tariff-rate quotas on certain steel products for three years beginning in February, allowing World Trade Organization members to consult with Brussels for the next month.

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January 03, 2019

Democratic Reps. Earl Blumenauer (OR) and Bill Pascrell (NJ) are jockeying for the chairmanship of the House Ways & Means trade subcommittee as the new Congress takes shape, Inside U.S. Trade has learned.

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The Mexican Congress failed to meet a Jan. 1 deadline to pass legislation to establish labor reforms called for in the U.S.-Mexico-Canada Agreement, with a bill introduced last month in the Chamber of Deputies unlikely to be addressed until February.

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White House adviser Kevin Hassett on Thursday said he expected U.S. companies doing business in China to downgrade earnings projections until the U.S. and China agreed to de-escalate trade tensions.

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January 02, 2019

President Trump on Wednesday reiterated his claims that bilateral talks with China were going well, one day after speaking with Chinese President Xi Jinping.

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The Office of the U.S. Trade Representative last week released a list of more than 30 products it will exclude from 25 percent tariffs on $34 billion in Chinese imports, marking the first exemptions granted from Section 301 restrictions the U.S. imposed last year.

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December 31, 2018

The World Trade Organization is due for a seminal year in 2019 -- for better or worse -- as events over the next 12 months are expected to determine whether the organization can continue to function on a multilateral basis or if it will instead be left to preside over a series of plurilateral agreements among its members.

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