If the World Trade Organization is like a tea bag, to paraphrase an old adage, its strength can be gauged only once it is in hot water -- and the water in Geneva is boiling.
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Daily News
August 09, 2020
August 07, 2020
The Trump administration’s move to block two Chinese-owned technology companies from operating in the U.S. for national security reasons will end up harming the U.S.’ own interests, China’s Ministry of Foreign Affairs claimed on Friday.
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The Canadian government next month will apply tariffs on approximately $2.7 billion worth of U.S. aluminum and aluminum-containing products in response to the Trump administration’s re-imposition of Section 232 tariffs on Canadian aluminum, the country’s deputy prime minister announced on Friday.
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The approach to special and differential treatment provided to developing countries is already changing at the World Trade Organization, Kenya’s director-general candidate Amina Mohamed said on Thursday, arguing that a more need-based approach in the most recent multilateral agreement reached by the WTO was a good starting point.
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The National Association of Home Builders is urging the Trump administration to prioritize resolving the longstanding U.S.-Canada softwood lumber trade dispute as the group’s members grapple with domestic shortages and spiked prices amid the coronavirus pandemic.
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August 06, 2020
President Trump on Thursday made six trade-related promises to be filled in his next term, cast former Vice President Joe Biden as a “callous” globalist who will not protect American jobs and promised to sign “something” in the next week that “will have a tremendous impact on fairness and trade.”
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The Trump administration intends to impose tariffs of 10 percent on some aluminum from Canada, sources tell Inside U.S. Trade, adding that the duties will take effect on Aug. 16.
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President Trump on Thursday announced he was re-imposing tariffs on aluminum from Canada, alleging that Canadian companies were flooding the U.S. market and reducing employment in the U.S. industry.
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Saudi Arabia’s former economy minister, a candidate to lead the World Trade Organization, said on Wednesday that he would bring a “performance and delivery culture” to the institution in an effort to fix the largely stalled negotiating arm.
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President Trump’s phase-one deal with Beijing is one of several mistakes made by the Trump administration in its dealings with China that are costing Americans on a daily basis, Joe Biden, the presumptive Democratic nominee for president, said this week.
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President Trump’s Section 232 exclusion process for steel and aluminum products is constitutionally sound and consistent with language in the proclamations the president issued to institute the tariffs, the Justice Department recently told the U.S. Court of International Trade in asking for a challenge to the process to be dismissed.
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August 05, 2020
Korean Trade Minister Yoo Myung-hee, a candidate to lead the World Trade Organization, says she knows how to close a trade deal. With the biggest trade deal of them all -- the World Trade Organization -- on the brink, Yoo believes the only way forward is to prove the beleaguered institution can build on successes on its way to reform.
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A progressive approach to U.S.-China relations would mean coupling “defensive” actions against Beijing’s economic policies with “offensive” measures to make American companies stronger, a key Capitol Hill trade policy staffer said Wednesday.
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U.S. Trade Representative Robert Lighthizer this week defended the administration’s use of funds appropriated to implement the U.S.-Mexico-Canada Agreement, which has been slowed by the pandemic, and said Mexico was ahead of the curve in meeting some of its labor obligations.
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August 04, 2020
The United States discriminating against TikTok because it is owned by a Chinese company runs afoul of World Trade Organization rules, a Chinese spokesman claimed on Tuesday, arguing the U.S.’ expansive definition of “national security” subjects foreign companies to politically-motivated restrictions.
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Negotiators from the U.S. and Kenya will resume virtual negotiations on a potential trade deal this week, sources told Inside U.S. Trade.
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August 03, 2020
The European Union-led stopgap system to deal with appeals at the World Trade Organization becomes operational this week after the parties to the agreement, which do not include the U.S., notified the Dispute Settlement Body of the agreed pool of 10 adjudicators.
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U.S. Trade Representative Robert Lighthizer and United Kingdom Trade Secretary Liz Truss are meeting in Washington, DC, this week to discuss a possible bilateral trade deal as well as retaliatory tariffs imposed as part of the long-running Airbus-Boeing dispute, according to the UK Department of International Trade.
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July 31, 2020
The U.S. backed a compromise that would have rotated the acting director-general job at the World Trade Organization between deputies from the U.S. and European Union, but China did not accept the plan, a U.S. official familiar with the talks told Inside U.S. Trade on Friday.
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Chinese officials met with U.S. business executives this month to welcome increased U.S. investment in China, urge companies to exert influence to foster better U.S.-China trade relations -- and emphasize that the implementation of the phase-one trade deal requires cooperation from the U.S.
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