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Daily News

August 14, 2019

The Commerce Department on Wednesday announced it is self-initiating a first-of-its-kind probe of whether corrosion-resistant steel products from several countries is circumventing U.S. antidumping and countervailing duties.

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Four countries, three of which are openly opposed to renewing the World Trade Organization moratorium on duties on electronic transmissions, would lose more in gross domestic product than they would gain in tariffs if the moratorium were lifted, according to a new study.

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Four countries, three of which are openly opposed to renewing the World Trade Organization moratorium on duties on electronic transmissions, would lose more in gross domestic product than they would gain in tariffs if the moratorium were lifted, according to a new study.

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President Trump’s decision to delay and remove certain tariffs on Chinese imports was made unilaterally, without any concessions from Beijing, Commerce Secretary Wilbur Ross said on Wednesday.

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The U.S. and the United Kingdom will have to overcome European regulation issues, a still-to-be-determined Brexit outcome, domestic political divides in both countries and calendar concerns as they attempt to strike a free trade deal, despite optimism expressed by officials from both sides in recent days.

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August 13, 2019

President Trump said he delayed the imposition of a 10 percent tariff on some Chinese goods to make sure U.S. customers did not face higher prices during the holiday shopping season later this year, though he contended again that tariffs have not yet had any impact on U.S. consumers -- a point contested by industry associations and economists.

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Agriculture organization leaders this week denounced White House trade adviser Peter Navarro’s claim that the Trump administration’s trade aid package is making farmers “whole.”

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Japanese trade officials are in Washington, DC, this week for meetings at the Office of the U.S. Trade Representative, a Japanese official confirmed to Inside U.S. Trade, though a ministerial-level meeting has yet to be officially scheduled.

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The United States and United Kingdom can sign sector-specific trade deals as they work toward a comprehensive agreement once the UK leaves the European Union, according to White House National Security Adviser John Bolton.

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The Office of the U.S. Trade Representative will exclude some Chinese imports from 10 percent tariffs and delay duties on others until mid-December, USTR announced on Tuesday.

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August 12, 2019

U.S. stocks dropped again on Monday due to concerns over a trade war with China, adding to the uncertainty over whether the two sides have any realistic shot at a deal soon.

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August 09, 2019

The White House is focusing its efforts to convince Congress to ratify the U.S.-Mexico-Canada Agreement on state and local campaigns, hoping to gin up grassroots support among voters who will pressure lawmakers to support President Trump’s signature trade pact, according to a senior administration official and a USMCA coalition representative.

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A World Trade Organization arbiter will decide whether -- and how much -- South Korea can retaliate against the U.S. in a dispute over the latter’s antidumping duties on pipes used for oil and gas production.

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A U.S. official on Wednesday called for Japan and Korea to do some “soul searching” amid flaring tensions between the two countries, while Japan on Thursday approved its first export licenses for chemicals used in tech products headed to South Korea after imposing export restrictions last week.

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August 08, 2019

The Office of the U.S. Trade Representative has delivered U.S.-Mexico-Canada Agreement counterproposals to House Democrats as the two sides continue to negotiate during the August recess.

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The Office of the U.S. Trade Representative and House Democrats are continuing talks on the U.S.-Mexico-Canada Agreement during the August recess, exchanging “paper” and meeting regularly as lawmakers and their staff await official counterproposals from the administration, congressional sources said.

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Ongoing negotiations over a new suspension agreement covering tomatoes from Mexico are hung up over border inspections, which Florida growers defend as necessary for enforcement but Mexican growers and officials call “unacceptable.”

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Newly installed British Secretary of State for International Trade Liz Truss said on Thursday that a free trade agreement between the U.S. and a post-Brexit United Kingdom was “very, very high” on the UK’s priority list.

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August 07, 2019

The U.S. International Trade Commission, in a mid-term evaluation of safeguard measures imposed last year on imports of large residential washers, said while the U.S. industry is recovering, producers are facing steeper costs in part due to steel, aluminum and Section 301 tariffs on key materials.

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The Commerce Department this week asked for a second time to delay a lawsuit launched by a government oversight group seeking to force the release of the agency’s Section 232 report on autos and parts imports.

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