A U.S.-Japan free trade deal should include adequate currency protections, address differences in vehicle standards and facilitate smoother customs procedures, industry representatives said during a Monday hearing on potential negotiating objectives.
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Daily News
December 10, 2018
December 07, 2018
The president could issue a notice of withdrawal from the North American Free Trade Agreement as early as next week, sources familiar with the plans told Inside U.S. Trade.
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The president could issue a notice of withdrawal from the North American Free Trade Agreement as early as this week, sources familiar with the plans told Inside U.S. Trade.
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The U.S. and China on Friday battled over cybersecurity at the World Trade Organization, each arguing that the other's domestic measures could affect data involved in trade.
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The chair of agriculture negotiations at the World Trade Organization has moved to implement his proposal for a new working plan for 2019 that includes seven working groups to cover top-priority issues twice a month.
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While 90 days is “not sufficient” to address all of the trade issues between Washington and Beijing, the newly established window is a “good start,” according to leaders of an influential business group.
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December 06, 2018
The U.S. International Trade Commission on Thursday asked industry representatives and others how the elimination of tariffs on autos and trucks from Japan would impact production in the U.S., with one commissioner predicting autos would be a major focus for the ITC in its assessment of a potential deal.
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House Minority Leader Nancy Pelosi (D-CA) said she held a “constructive” meeting with U.S. Trade Representative Robert Lighthizer on Thursday to discuss the U.S.-Mexico-Canada Agreement, which she made clear was far from certain to win Democrats' approval.
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World Trade Organization Director-General Roberto Azevêdo on Wednesday pointed to the signing of the U.S.-Mexico-Canada Agreement and a U.S.-China trade ceasefire as indicators of progress but warned against an “upsurge in anti-trade” sentiment created by “fear and uncertainty.”
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December 05, 2018
At least one industry group is preparing a legal challenge to a new regulation the Treasury Department is slated to release later this month that would eliminate the substitution drawback program and frustrate U.S. industry representatives, according to sources familiar with the plans.
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The U.S. Chamber of Commerce, the National Foreign Trade Council and other business groups are calling on the Office of the U.S. Trade Representative to push for improved market access, eradicate Section 232 restrictions and coordinate approaches to address third-country trade barriers in a bilateral trade pact with Tokyo.
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Mexico, under newly inaugurated President Andrés Manuel López Obrador, is redesigning its list of retaliatory moves in response to the U.S.' Section 232 tariffs on steel and aluminum, mulling steeper tariffs on politically salient products aimed at catching the attention of the 116th Congress, according to sources and press reports.
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December 04, 2018
Challenging the U.S. on its use of national security to justify Section 232 tariffs on steel and aluminum is “risky,” World Trade Organization Director-General Roberto Azevêdo said on Tuesday.
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France and Germany on Tuesday issued a new proposal for a tax on internet advertisements that could serve as a potentially fatal blow to the European Commission’s push to impose a digital services tax targeting U.S. companies, which the U.S. business community had branded a violation of international trade rules.
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The U.S. has “no assurances” that China will make changes the U.S. seeks, but the truce brokered at the G20 Saturday is still a big step forward, Larry Kudlow said Tuesday.
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December 03, 2018
The U.S. and China have reached a long-expected ceasefire deal, but as the difficult work of negotiating some form of agreement between the world’s largest economies begins, success will hinge on the Trump administration’s ability to present a united front as it negotiates with Beijing.
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Sources: New language in USMCA could let the U.S. 'off the hook' from non-discrimination protections
A new footnote in the labor chapter of the U.S.-Mexico-Canada Agreement could provide a loophole for the U.S. to escape obligations in the deal's workplace discrimination provisions, sources said.
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December 01, 2018
BUENOS AIRES – The U.S. agreed to suspend a scheduled escalation of tariffs on $200 billion in Chinese goods, which were set to boost from 10 percent to 25 percent on Jan. 1, according to a White House statement released after President Trump and Chinese President Xi Jinping met on sidelines of the G20 on Saturday.
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BUENOS AIRES – Leaders of countries representing 75 percent of international trade on Saturday issued a communiqué aimed at reshaping the World Trade Organization and calling for an expedited solution to steel overcapacity issues, though they stayed away from more controversial topics and traditional language on protectionism.
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November 30, 2018
The U.S. technology industry is asking for more time to review a new export control process before delivering feedback to the Trump administration, which is aiming to expand the ambit of the Committee on Foreign Investment in the United States due to concerns about predatory foreign investments.
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