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Daily News

August 26, 2019

France has agreed to reimburse companies paying its digital services tax once a multilateral mechanism is agreed upon, according to French President Emmanuel Macron.

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In a series of bilateral meetings on the margins of the G7 leaders’ summit in Biarritz, France, President Trump addressed pressing trade issues with his counterparts, including looming auto tariffs, trade tensions with China and World Trade Organization reform.

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August 23, 2019

The Trump administration announced on Friday that tariffs the U.S. is imposing on China will be ratcheted up five percentage points, raising the 25 percent tariffs on $250 billion worth of Chinese goods to 30 percent and the 10 percent tariffs set to go into effect on Sept. 1 and Dec. 15 to 15 percent.

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Japanese Economy Minister Toshimitsu Motegi on Friday said Washington and Tokyo agreed upon sectors to be included in a potential bilateral trade deal and can advance to working-level details.

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Japanese Economy Minister Toshimitsu Motegi on Friday said Washington and Tokyo agreed upon sectors to be included in a potential bilateral trade deal and can advance to working-level details.

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U.S. exporters and business groups on Friday decried China’s announcement that it will impose tariffs on $75 billion worth of U.S. goods starting next month.

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The Chinese government has announced plans to impose tariffs on $75 billion worth of U.S. goods, including retaliatory tariffs on cars, according to Chinese state-run media.

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August 22, 2019

As President Trump gets set to jet to France this week for the G7 summit, senior administration officials say trade will be the first and foremost policy issue on his agenda in bilateral meetings with the United Kingdom, Germany, Canada, France, Japan and India.

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China will soon release a list of foreign companies that will be subject to tighter trade restrictions, a spokesman from China’s Ministry of Commerce said on Thursday.

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August 21, 2019

Mexican tomato growers and the Commerce Department have reached an 11th-hour deal that will suspend an antidumping investigation into fresh tomatoes from Mexico, raise reference prices and include additional enforcement provisions.

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U.S. lawmakers returning from a trip to India to meet with Commerce Minister Piyush Goyal in New Delhi last week said the productive visit was aimed at re-setting the tone of the U.S.-India relationship.

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August 20, 2019

President Trump on Tuesday said he was not concerned with the short-term effects of tariffs the U.S. and China have imposed on each other while also suggesting that he may help the U.S. tech giant Apple, whose products will be hit by the next wave of tariffs.

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The outcome of the Office of the U.S. Trade Representative’s Section 301 investigation into France’s digital services tax should be a non-tariff remedy established by the World Trade Organization or other multilateral channels, a host of business groups argued this week.

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Senate Finance Committee Chairman Chuck Grassley (R-IA) does not believe an “early harvest” deal between the U.S. and Japan would need to be approved by Congress and contends the U.S. should not be concerned with the integrity of the Good Friday Agreement when it considers the prospects of a trade deal with the United Kingdom, he said Tuesday.

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August 19, 2019

The United States’ leading technology companies -- including Google, Amazon and Facebook and others -- told a panel of government officials on Monday that France’s digital services tax could undermine efforts to find a multilateral solution and cost businesses millions of dollars as they try to comply with a law they say is a logistical nightmare.

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The Commerce Department will allow U.S. companies to sell to Chinese telecom giant Huawei for another 90 days even though the company remains on the Bureau of Industry and Security’s Entity List, pushing back a deadline that was seen as key to U.S.-China trade negotiations.

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August 16, 2019

The American Institute for International Steel last week brought its Section 232 case to the U.S. Court of Appeals for the Federal Circuit after the Supreme Court in June declined to hear its argument challenging the constitutionality of the statute used to employ national security-based steel tariffs.

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U.S. Trade Representative Robert Lighthizer has told House lawmakers he is committed to examining the ins and outs of U.S. de minimis policy, a concern for many due in part to a provision in the U.S.-Mexico-Canada Agreement.

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August 15, 2019

Chinese goods already en route to the U.S. will not be spared from duties slated to take effect on Sept. 1, according to a notice issued on Thursday by the Office of the U.S. Trade Representative.

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The U.S. on Thursday objected to the adoption of a World Trade Organization Appellate Body report in a countervailing duty dispute with China, arguing at a Dispute Settlement Body meeting that the decision reflects a host of concerns the U.S. has raised over the body’s functioning.

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