U.S. Customs and Border Protection’s decision to ban cotton and cotton goods from a state-supported producer in China’s Xinjiang region did not go far enough to address concerns over forced labor in China, House Ways & Means Committee leaders said on Thursday.
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Daily News
December 03, 2020
The status of World Trade Organization talks on how to curb harmful fisheries subsidies remained largely unchanged after a two-day heads-of-delegations meeting this week, as members are still divided on key issues as the end-of-year deadline approaches.
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As President-elect Joe Biden works to shape a trade policy he says will empower American workers, the new House chief deputy whip, Rep. Stephanie Murphy (D-FL), is urging colleagues to confront those within the party who endorse “reflexive rather than reflective” trade positions -- and work to bridge gaps with more pro-trade lawmakers.
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December 02, 2020
U.S. Customs and Border Protection on Wednesday banned cotton goods made by a Chinese state-owned enterprise, claiming the Xinjiang-based corporation uses forced labor.
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The European Union on Wednesday set out an ambitious trans-Atlantic agenda ahead of President-elect Joe Biden’s inauguration, prioritizing joint action on the pandemic -- and economic recovery -- as well as on climate change and the setting of global standards.
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Calling China’s quelling of democracy in Hong Kong a warning that Beijing is willing to ignore international pushback as it pursues its policy objectives, the U.S.-China Economic and Security Review Commission this week recommended the U.S. deepen its economic ties with Taiwan to guard against similar actions there.
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Additional eligibility criteria are needed to improve the Generalized System of Preferences, Senate Finance Committee ranking member Ron Wyden (D-OR) said this week, elaborating on Democrats’ hopes to secure changes in areas like human rights and the environment.
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December 01, 2020
A bipartisan group of senators on Tuesday urged U.S. Trade Representative Robert Lighthizer to preserve U.S.-Mexico-Canada Agreement language benefiting foreign trade zone users instead of changing it in a technical corrections bill under consideration.
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Congress should establish an interagency committee to combat Chinese influence in international standards-setting bodies, which Beijing is using to promote its products in foreign markets, the U.S.-China Economic and Security Review Commission says in a new report.
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The State Department under President Biden must prioritize restoring U.S. leadership and alliances on trade and climate issues, analysts said on Tuesday, advocating in particular for the U.S. to rejoin – or renegotiate – the Comprehensive and Progressive Agreement on Trans-Pacific Partnership and to work with allies on carbon border adjustments.
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A slew of Democratic demands tied to the renewal of the Generalized System of Preferences program -- set to expire this month -- are “not very appropriate,” Senate Finance Committee Chairman Chuck Grassley (R-IA) said on Tuesday, suggesting they could jeopardize the chances of an extension.
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Following a recent U.S.-Taiwan economic dialogue, Taipei’s envoy to Washington, Bi-khim Hsiao, on Monday said a trade deal between the two countries was “a logical next step.”
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November 30, 2020
The World Trade Organization’s last remaining Appellate Body member ended her four-year term on Monday by praising the historic impact of the now-defunct body she’s leaving behind but advocating for a revitalized version that is more in touch with the membership.
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The European Union is mulling a draft plan to boost trans-Atlantic coordination to confront China, according to a report this week. The bloc also advanced a tariff deal with the U.S. that both sides have described as a possible precursor to broader agreements.
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November 25, 2020
World Trade Organization members must work toward “acceptable compromises” in the negotiations to curb harmful fisheries subsidies, the chair of the talks said last week, praising “growing convergence” but acknowledging that significant divisions remain ahead of an end-of-year deadline.
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The U.S. International Trade Commission on Wednesday made an affirmative determination to extend safeguard restrictions on imports of large residential washers and parts.
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A group of American companies and trade associations plans to send congressional leaders a letter next week urging “immediate passage” of the Generalized System of Preferences, ideally in early December.
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The European Commission should use the momentum generated by a limited tariff deal with the U.S. to advance toward a “broader cooperation agreement” that goes beyond tariff reductions, members of the European Parliament argue in a resolution under debate this week.
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November 24, 2020
The Commerce Department on Tuesday issued preliminary countervailing duties on Chinese twist ties, claiming Chinese producers benefit from an undervalued renminbi.
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President-elect Joe Biden’s trade transition team has a lengthy list of issues to assess as it reviews the operations of the Office of the U.S. Trade Representative under President Trump – a process likely made easier by the start of the official transition this week – but Biden’s policy direction is unlikely to be clear until his USTR pick is announced, according to former agency officials and members of past transition teams.
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