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Daily News

November 01, 2019

A World Trade Organization dispute settlement panel on Thursday told India to withdraw a variety of export subsidies it employs after the U.S. successfully challenged their conformity with WTO rules.

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October 31, 2019

Any agreement on a U.S.-Mexico-Canada Agreement implementing bill hammered out by House Democrats and the Office of the U.S. Trade Representative will have to be reviewed and approved by Mexico and Canada, Mexican Under Secretary for North America Jesús Seade said on Thursday, suggesting the process could delay ratification.

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Disagreements over a bill to restrict the executive branch’s authority to impose national security-based restrictions continue to propagate, several Senate Finance Committee members said this week, making a markup of a compromise bill less likely before 2020.

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The U.S. and rest of the world will not be able to move forward with digital trade without privacy standards, analysts argued on Thursday, advocating for international agreements.

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The first phase of a trade agreement between the U.S. and China will amount to 60 percent of a projected larger deal, President Trump said on Thursday, adding that the location of the signing of the initial agreement will be announced soon. 

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October 30, 2019

House Ways & Means trade subcommittee member Bill Pascrell (D-NJ) is “leaning no” on the U.S.-Mexico-Canada Agreement, he said on Wednesday, pointing to what he said were continuing concerns about Mexico's labor commitments.

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China has rolled out regulations it says will increase financial sector access for foreign firms and improve intellectual property rights, but analysts say those moves, coupled with a likely “phase-one” deal with the U.S., do not move the two sides closer to a deal on the structural issues cited by the U.S. as justification for tariffs on more than $360 billion worth of Chinese goods.

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An “unofficial appeals process” and other issues in a product-exclusion process set up for Section 232 tariffs “contributes to the appearance of improper influence,” the Commerce Department’s Inspector General said in a memo released this week.

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During a markup of a bill to reauthorize the Export-Import Bank on Tuesday, House Financial Services Committee ranking member Patrick McHenry (R-NC) proposed the same restrictions on Chinese state-owned enterprises that led to a previous bill’s demise.

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October 29, 2019

The Commerce Department’s Bureau of Industry and Security hopes to issue an advance notice of proposed rulemaking on export controls for foundational technologies by the end of the calendar year, and regulations on emerging technologies “shortly,” a BIS official said on Tuesday.

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As the U.S. and China work to finalize a preliminary deal in Chile next month, analysts this week said the negotiations between the two likely would set the tone for discussions and possible outcomes at the Asia-Pacific Economic Cooperation summit where the deal, if finalized, is expected to be announced.

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A compromise bill crafted to restrict the president’s authority under Section 232 of the Trade Expansion Act of 1962 likely will be marked up in November by the Senate Finance Committee, Chairman Chuck Grassley (R-IA) said on Tuesday.

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In response to inquiries from Rep. Jackie Walorski (R-IN), Commerce Secretary Wilbur Ross is rebutting claims that the agency has neglected to provide sufficient information about its tariff-exclusion process for steel and aluminum products.

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October 28, 2019

The Office of the U.S. Trade Representative will consider extending some tariff exclusions it has granted on $34 billion worth of Chinese goods for up to 12 months, USTR announced on Monday.

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The U.S. on Monday objected to China’s request at the World Trade Organization to levy $2.4 billion worth of retaliation for countervailing duties on Chinese goods, sending the issue to a WTO arbitration panel.

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The Global Forum on Steel Excess Capacity held its last meeting on Saturday, failing to achieve consensus on an extension of its mandate due to opposition from China.

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As negotiations between House Democrats and the Trump administration over the U.S.-Mexico-Canada Agreement near the finish line, local U.S. television stations are hoping they can squeeze in a fix to the deal they say will prevent Canadian and Mexican companies from pirating their signals.

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October 27, 2019

In a series of Generalized System of Preferences moves, the Office of the U.S. Trade Representative on Friday said it planned to suspend duty-free treatment for Thailand, restore some benefits for Ukraine and kick off reviews of South Africa and Azerbaijan.

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October 25, 2019

A high-level discussion between Washington and Beijing on Friday led to progress on “specific issues,” according to the Office of the U.S. Trade Representative, which said the two sides were close to completing “some sections” of the initial pact.

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Mexican officials have been working to assuage concerns among U.S. lawmakers and labor groups that Mexico won’t live up to its U.S.-Mexico-Canada Agreement labor commitments, but AFL-CIO President Richard Trumka this week said he remained wary, calling Mexico’s funding plan for labor reform implementation “voodoo economics.”

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