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Daily News

February 12, 2019

Senate Finance Chairman Chuck Grassley (R-IA) said Tuesday that while he supports efforts to lower the cost of prescription drugs, he does not back changes to pharmaceutical provisions in the U.S.-Mexico-Canada Agreement that Democrats have suggested.

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Sen. Rob Portman (R-OH) on Tuesday said legislation on presidential tariff authority that he re-introduced last week likely would not be vetoed by President Trump because of the cross-section of administration officials who offered input on the bill, along with the “political mix” of support it has received to date.

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February 11, 2019

Agriculture Secretary Sonny Perdue said Monday that his department has been telling the White House and U.S. Trade Representative Robert Lighthizer that the steel and aluminum tariffs on Canada and Mexico should be lifted.

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The Office of the U.S. Trade Representative could suspend India's Generalized System of Preferences benefits as soon as this month, further complicating prospects for a U.S.-India trade deal, according to reports and sources familiar with bilateral talks.

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February 08, 2019

A World Trade Organization arbitration panel has authorized Korea to retaliate against the U.S. for improperly calculating antidumping and countervailing duties on large residential washers, devising a formula for Korea to use when the Commerce Department employs the so-called “zeroing” methodology in antidumping duty cases for other products.

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U.S. Ambassador to the European Union Gordon Sondland said on Thursday that trade talks between the EU and U.S. have suffered due to the bloc’s lack of “good faith,” accusing European officials of “misrepresenting” the scope of the deal agreed to last year by President Trump and European Commission President Jean-Claude Juncker.

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The U.S. International Trade Commission, in a new report on large diameter pipe imports from China and India, draws a stark connection to Section 232 steel restrictions, stating the national security-based duties have raised domestic costs and will do little to mitigate the flow of imports from foreign countries.

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The Senate Finance Committee might consider legislation on digital tax policies that is based on solutions suggested by members of the Organization for Economic Cooperation and Development, Chairman Chuck Grassley (R-IA) said on Thursday.

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February 07, 2019

The Commerce Department on Thursday announced its intent with withdraw from a suspension agreement with Mexico involving fresh tomatoes -- a move some U.S. legislators called for earlier this week.

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The use of Section 301 of the Trade Act of 1974 to enforce provisions in the U.S.-Mexico-Canada Agreement, which U.S. Trade Representative Robert Lighthizer suggested this week in a meeting with key senators, could fuel retaliation and muddle the chances that the deal is approved by Congress, analysts said.

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U.S. industry stakeholders are not optimistic about the chances that ongoing U.S.-EU trade discussions will produce meaningful progress on regulatory issues, seen by some as the most attainable outcome of the trans-Atlantic talks.

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February 06, 2019

A new study says the U.S. economy could lose nearly a million jobs over the next few years if the administration raises tariffs on $200 billion worth of Chinese goods to 25 percent.

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U.S. Trade Representative Robert Lighthizer on Wednesday suggested that Section 301 of the Trade Act of 1974 could be used to enforce provisions in the U.S.-Mexico-Canada Agreement, senators told Inside U.S. Trade.

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President Trump used his State of the Union address on Tuesday to ask Congress for swift approval of the U.S.-Mexico-Canada Agreement, but Democrats remained unmoved.

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Several House lawmakers on Wednesday introduced a companion bill to Section 232 legislation originally unveiled by Sen. Rob Portman (R-OH), with one -- Ways & Means trade subcommittee member Rep. Ron Kind (R-WI) -- contending the bill was garnering more support than another introduced last week by Sen. Pat Toomey (R-PA) and others.

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February 05, 2019

President Trump used his second State of the Union address on Tuesday to tout his trade agenda and to plead for more tariff powers.

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In its fourth communication in two weeks, Honduras has proposed three options for addressing the World Trade Organization Appellate Body practice of treating its previous rulings as precedent: maintain the status quo, prohibit precedential treatment entirely or find a middle ground that would involve members’ input.

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Canadian Foreign Affairs Minister Chrystia Freeland will be in Washington, DC, this week, amid heightened calls in Canada and Capitol Hill to lift Section 232 restrictions on steel and aluminum.

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U.S. Trade Representative Robert Lighthizer is scheduled to meet with the Senate Finance Committee and the Senate Advisory Group on Negotiations on Wednesday to discuss U.S.-China talks and other issues, lawmakers confirmed to Inside U.S. Trade.

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February 04, 2019

The Office of the U.S. Trade Representative’s annual report to Congress on China’s compliance with World Trade Organization rules dismisses the reform efforts of a handful of WTO members because it says their proposals do not adequately address the threat China’s economic model poses to the multilateral trading system.

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