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Daily News

October 21, 2019

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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Business groups are welcoming the announcement of a new Brexit agreement between the European Union and the United Kingdom on Thursday while continuing to warn against a no-deal outcome.

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The World Trade Organization facilitator charged with moving the discussion on Appellate Body reform forward on Tuesday proposed a draft General Council decision addressing “points of convergence” on U.S. criticisms, including its concerns with report deadlines, advisory opinions, precedent and overreach.

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October 16, 2019

U.S. Trade Representative Robert Lighthizer met with members of the House Democrat working group in charge of ironing out differences in the U.S.-Mexico-Canada Agreement this week, with two key lawmakers saying the sides had made significant progress.

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House Speaker Nancy Pelosi (D-CA) has yet to receive a letter on the U.S.-Mexico-Canada Agreement promised by Mexican President t Andrés Manuel López Obrador last week, Pelosi told Inside U.S. Trade on Wednesday.

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GENEVA -- World Trade Organization members face a crossroads in their debate over the beleaguered Appellate Body as a December deadline looms: Do they engage in the philosophical conversation about why the Appellate Body has strayed from WTO rules, which the U.S. has demanded all along, or do they continue a search for solutions to appease the U.S.?

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A new digital taxation proposal in Mexico’s 2020 budget plans could threaten U.S. investments in the country’s tech market, lead to double taxation and run afoul of the U.S.-Mexico-Canada Agreement, according to a coalition of technology groups.

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October 15, 2019

The “phase one” deal with China that President Trump announced last week is not as comprehensive as Senate Finance Committee Chairman Chuck Grassley (R-IA) had hoped it would be, the senator said on Tuesday, adding that he wanted to hear more about the administration’s planned “next steps” in negotiations.

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USTR is pointing to a “consultation system” outlined in the text of the new U.S.-Japan Trade Agreement as a “starting point” for how the two parties can address disputes.

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October 11, 2019

The United States will not increase tariffs on China next week as part of a “phase one” deal that covers agricultural structural issues and purchases, intellectual property, forced technology transfer, currency and financial services, President Trump announced on Friday.

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The United States agreed to suspend plans to raise tariffs on $250 billion worth of Chinese goods from 25 percent to 30 percent in exchange for commitments from China to step up purchases of U.S. agricultural goods and abide by new currency rules, sources tell Inside U.S. Trade.

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GENEVA -- The electronic commerce negotiations at the World Trade Organization have been robust and constructive since launching officially earlier this year, sources said here, but outcomes are not expected by the WTO’s June 2020 ministerial as members eventually must grapple with contentious issues and a decision on scope.

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The members of the Global Forum on Steel Excess Capacity continue to debate whether the forum's mandate, set to expire in December, should be renewed.

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GENEVA -- India, China, the African Group and other World Trade Organization members this week defended the “rights” of developing countries to special and differential treatment, likely setting up a confrontation with the U.S. at next week’s General Council meeting.

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An early harvest deal with China that allows the U.S. to retain “leverage” would “bank progress” and build momentum toward a more comprehensive deal to come, a former top adviser to President Trump said this week, suggesting more broadly that limited deals can work in cases where broader pacts are initially unattainable.

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