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Daily News

October 25, 2019

South Korea confirmed on Friday it will begin to forgo special and differential treatment in World Trade Organization negotiations, handing the Trump administration a win in its efforts to prevent what it considers well-developed economies from improperly benefitting from their self-declared developing-country status.

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The European Union is unlikely to shift its position on the World Trade Organization’s Appellate Body before the next U.S. presidential election, veteran trade lawyer Terence Stewart told Inside U.S. Trade this week, saying the body will accordingly be paralyzed in mid-December when two of its remaining members retire.

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The U.S. International Trade Commission on Thursday pressed U.S. tomato growers and their lawyers on their contention that imports of fresh tomatoes from Mexico have caused significant injury.  

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October 24, 2019

Senators from three Rust Belt states are urging the Trump administration to push fellow members of the Global Forum on Steel Excess Capacity to extend its mandate, which is set to expire in December unless renewed by consensus.

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The Trump administration does not want to decouple the U.S. and Chinese economies and instead wants to engage with China, but the Chinese Communist Party’s continued flouting of international norms is leading to Beijing’s ostracization, Vice President Mike Pence said on Thursday.

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A co-chair of the Congressional India Caucus said this week that a partial U.S.-India trade deal that could be announced soon likely will restore some of the benefits once afforded to the country under the Generalized System of Preferences in exchange for better market access.

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October 23, 2019

House Democrats and the Trump administration are nearing the final stages of U.S.-Mexico-Canada Agreement negotiations, revising proposals “line by line” and eyeing only “a few more meetings” to finish their work, key lawmakers said on Wednesday after a discussion with U.S. Trade Representative Robert Lighthizer.

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China on Wednesday published new policies in areas the U.S. has put front and center in trade negotiations, releasing rules intended to strengthen intellectual property protections and stabilize its foreign exchange market.

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The Court of International Trade has ruled that Commerce Department must “vacate” 2017 sugar suspension agreements with Mexico due to its failure to properly record its communications with outside parties during the negotiations.

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U.S.-Mexico-Canada Agreement ratification efforts should not be linked to multiemployer pension legislation to ensure more Democratic support for the trade deal, Senate Finance Committee Chairman Chuck Grassley (R-IA) said on Tuesday, addressing an idea under consideration by House Ways & Means Committee Chairman Richard Neal (D-MA).

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October 22, 2019

As House Democrats continue to work with U.S. Trade Representative Robert Lighthizer on outstanding concerns with the U.S.-Mexico-Canada Agreement, a GOP “whip team” focused on the deal's ratification plans to meet this week to discuss next steps.

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Senate Finance Committee Chairman Chuck Grassley (R-IA) says he is concerned “for the first time” about the ratification of the U.S.-Mexico-Canada Agreement.

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The U.S. Commerce Department has resumed an antidumping investigation into fresh tomatoes from Mexico at the request of some U.S. tomato producers despite a new suspension agreement signed last month by Commerce and Mexican growers.

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October 21, 2019

China next week will formally request the World Trade Organization grant $2.4 billion in retaliation for U.S. countervailing duties that an Appellate Body report ruled the U.S. had not been sufficiently changed to conform with WTO rules.

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Nearly five years after its last submission, China’s Finance Ministry on Monday announced it had submitted its sixth revised offer to join the World Trade Organization’s Government Procurement Agreement.

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October 18, 2019

A House working group set up to address Democrats' concerns with the U.S.-Mexico-Canada Agreement is making progress in its talks with the administration, House Ways & Means Chairman Richard Neal (D-MA) said on Thursday, saying the sides were “firming it up” but acknowledging more progress was needed on labor.

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The European Union’s trade chief said on Friday the bloc had “no alternative” but to respond in kind to tariffs stemming from a World Trade Organization dispute over aircraft subsidies the U.S. imposed this week, which have drawn a mixed response from U.S. business groups.

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October 17, 2019

Mexican President Andrés Manuel López Obrador has committed to increasing spending on labor reform implementation, according to a letter delivered to House Ways & Means Committee Chairman Richard Neal (D-MA) on Thursday.

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India, China and others this week took umbrage at the United States’ push to keep “relatively advanced, wealthy, and influential” members of the World Trade Organization from enjoying special and differential treatment, arguing at a General Council meeting that the U.S. stance threatened the WTO's foundations.

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Several members of the Senate Finance Committee say they remain unsure whether a deal reached by the U.S. and China last week will amount to much, calling for more details from the Trump administration.

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