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Daily News

December 10, 2020

Even a one-day lapse of the Generalized System of Preferences program would be “too much” for industry to handle, Eric Byer, the CEO and president of the National Association of Chemical Distributors, told Inside U.S. Trade this week.

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December 09, 2020

President-elect Joe Biden plans to nominate Katherine Tai, chief Democratic trade counsel for the House Ways & Means Committee, for U.S. Trade Representative, according to multiple reports.

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U.S. Trade Representative Robert Lighthizer on Wednesday laid out a four-pronged argument against Canada’s tariff-rate quota allocation measures in requesting dispute settlement consultations with Ottawa under the U.S.-Mexico-Canada Agreement.

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The European Commission is throwing cold water on the United Kingdom’s attempts to suspend tariffs on U.S. goods for subsidies the U.S. has provided to Boeing, claiming that the UK has no right to alter the tariffs because the World Trade Organization has authorized only the EU to impose retaliatory tariffs.

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As Democrats push for changes to the Generalized System of Preferences program ahead of its expiration date at the end of the month, House Ways & Means Committee ranking member Kevin Brady (R-TX) and business groups are pushing back and calling for a clean extension.

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Democratic House members on Wednesday blasted the Office of the U.S. Trade Representative for the “manner, speed and timing” of its limited trade arrangement with Ecuador, signed earlier this week.

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As lawmakers work to advance a U.S.-Mexico-Canada Agreement technical corrections package, Senate Finance Committee Chairman Chuck Grassley (R-IA) on Tuesday expressed frustration that a late debate over foreign trade zone language continues to delay the process.

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December 08, 2020

The United Kingdom will suspend retaliatory tariffs against the U.S. as part of the long-running Airbus-Boeing dispute to show it is “serious” about a negotiated settlement, the country’s trade department announced on Tuesday, saying it hoped to “de-escalate” trade conflicts – but retaining duties imposed in response to the Trump administration’s Section 232 tariffs on steel and aluminum.

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A blueprint for improved relations with the U.S. laid out this week by China’s foreign minister fails to account for key flashpoints in the relationship, ranging from economic competition to other issues of strategic concern, analysts said this week.

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U.S. Trade Representative Robert Lighthizer and Ecuadorian Minister of Production, Foreign Trade, Investments and Fisheries Iván Ontaneda on Tuesday signed a phase-one trade agreement that the USTR called “a foundation to a strong trading relationship.”

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The European Union and the United States under the Biden administration should agree to work out trade issues in a defined order beginning with World Trade Organization moves and a negotiated settlement of the longstanding aerospace subsidies dispute, EU Director-General for Trade Sabine Weyand said on Tuesday.

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House Ways & Means trade subcommittee Chairman Earl Blumenauer (D-OR) introduced legislation this week that would extend the Generalized System of Preferences program by six months and add several new criteria he says will strengthen the initiative’s efficacy.

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December 07, 2020

China’s foreign minister on Monday laid out a plan for how the United States and Beijing might peacefully co-exist, calling on the countries to restart macroeconomic policy dialogues, find areas in which cooperation is mutually beneficial and do away with what he called a Cold War-like decoupling mentality.

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A new Miscellaneous Tariff Bill should be included in an omnibus spending package under development in Congress this month, a coalition of 214 companies and associations told congressional leaders last week, though efforts to fashion a new MTB before the current one expires at the end of the year have hit some snags.

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December 06, 2020

The U.S. and Ecuador on Tuesday will sign a bilateral “phase-one trade agreement” during a ceremony featuring Ecuadorian President Lenin Moreno and U.S. Trade Representative Robert Lighthizer, according to officials from both countries.

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December 04, 2020

The fiscal year 2021 defense authorization bill agreed to by the House and Senate this week would establish programs designed to help the semiconductor industry and counter China by creating a multilateral fund to back a secure semiconductor supply chain with allies and provide more federal funding to match domestic investments.

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The U.S. notified the World Trade Organization last week that it intends to remove certain essential medicines and “critical inputs” from coverage under the Government Procurement Agreement in accordance with an August executive order mandating that such products be made in the U.S.

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Following a request from the petitioner, the Commerce Department last week terminated an investigation into the national security implications of mobile crane imports.

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Chinese President Xi Jinping this week called for redoubled efforts to enact intellectual property rights reform because China is creating more of its own IP, which will need protection if China is to become a global technology leader.

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December 03, 2020

The U.S. can show its commitment to bolster economic engagement with Indo-Pacific countries by “renegotiating” a multilateral trade agreement with them, Sen. Tammy Duckworth (D-IL) said on Thursday.

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