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Daily News

November 05, 2019

Senate Finance Committee Chairman Chuck Grassley (R-IA) “wouldn’t be opposed” to an arrangement tying a vote on the U.S.-Mexico-Canada Agreement to the passage of another piece of legislation.

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Major technology industry associaitons are warning that the expiration of the World Trade Organization’s moratorium on e-commerce duties at the end of the year could lead to onerous compliance costs and harm e-commerce companies. 

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November 04, 2019

The publication of regulations crafted to implement a May executive order on protecting the U.S. information and communications technology supply chain is being delayed in part because of ongoing trade negotiations between the U.S. and China, according to industry sources.

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Citing negotiations with foreign auto companies, Commerce Secretary Wilbur Ross on Sunday said he hopes those talks will “bear enough fruit” so the U.S. does not have to put potential Section 232 measures “fully into effect.”

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November 01, 2019

As the U.S. and India work to finalize a limited trade pact, U.S. Trade Representative Robert Lighthizer is tying the U.S. restoration of Generalized System of Preferences benefits to reciprocal Indian market-access concessions, sources tell Inside U.S. Trade.

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The World Trade Organization on Friday determined China can retaliate against $3.579 billion in annual trade with the U.S. because the Commerce Department failed to comply with a ruling that faulted its use of certain methodologies in calculating antidumping duties -- including the controversial methodology known as “zeroing.”

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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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