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Daily News

October 05, 2018

If the U.S.-Mexico-Canada Agreement enters into force, the investor-state dispute settlement mechanism will be phased out between the U.S. and Canada in three years, while investor protections in most sectors will be pared down between the U.S. and Mexico.

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European Trade Commissioner Cecilia Malmström on Friday said the United States and European Union have not yet started work on a potential trade agreement on industrial tariffs as the two sides have instead focused on voluntary regulatory cooperation.

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October 04, 2018

The U.S. wants a trade deal with Japan that is at least as good as the one Tokyo recently struck with the European Union, Agriculture Secretary Sonny Perdue said on Thursday.

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A new state-owned enterprise chapter in the U.S.-Mexico-Canada Agreement expands the definition of SOEs but otherwise largely mirrors language in the Trans-Pacific Partnership, drawing praise from key trade advisers.

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China is ready to make a deal on trade, but the Trump administration has been shifting its objectives for talks with Beijing, China's ambassador to the U.S. said on Wednesday.

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October 03, 2018

The intellectual property chapter of the U.S.-Mexico-Canada Agreement does not include so-called “fair use” exceptions to copyright law, including instead a U.S.-style notice-and-takedown regime for internet service providers -- but not requiring that Canada change its ISP liability system.

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Economic counselors from the Canadian and Mexican embassies in the U.S., along with former USTR officials, this week debated what comes next for the new U.S.-Mexico-Canada Agreement as the three countries proceed toward ratification and implementation.

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The North American trade deal struck earlier this week includes safeguard provisions that differ dramatically from what the U.S. and Mexico agreed to in bilateral talks, eliminating some compensation requirements and immunity for Mexico from future safeguard actions, according to trade advisory committee reports submitted last week.

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October 02, 2018

Tucked into the U.S.-Mexico-Canada Agreement is a provision designed to make it more difficult for Canada and Mexico, and potentially other countries, to ink free trade deals with China -- the latest move by the Trump administration to constrain Beijing’s non-market practices.

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The new U.S.-Mexico-Canada Agreement was crafted to resolve or ease several longtime agricultural trade issues among the three countries, including Canadian grain grading, and includes provisions on the use of geographical indications and biotech approvals.

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Several Democratic lawmakers are warning the administration that more engagement on the new U.S.-Mexico-Canada Agreement is needed before the deal is voted on in Congress next year, when their party could be in control of one or both chambers.

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October 01, 2018

While auto manufacturers will have three years to meet more stringent rules of origin for passenger vehicles and light trucks under the U.S.-Mexico-Canada Agreement, the text of the deal leaves open the possibility that companies could continue to receive duty-free treatment for some autos for up to five years after USMCA’s implementation under an “alternative staging regime.”

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The U.S. is considering quotas for Canada and Mexico to replace Section 232 tariffs on steel and aluminum, the president said on Monday, while U.S. Trade Representative Robert Lighthizer said there was no deadline for resolving the tariffs -- although it was a “high priority.”

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Key advisory committees chartered to evaluate trade deals have stopped short of fully endorsing the labor provisions in the new U.S.-Mexico-Canada Agreement, though their reports recognize improvements over language included in prior trade deals including the Trans-Pacific Partnership.

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Many lawmakers on Capitol Hill are praising the announcement of a trilateral NAFTA 2.0 -- now known as the U.S.-Mexico-Canada Agreement, which came together late Sunday night -- but Democrats say they will be reviewing closely whether it includes strong, enforceable labor standards.

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The deal struck this weekend between the U.S., Mexico and Canada includes unprecedented language on currency manipulation and misalignment practices in the core text of the agreement that will be subject to dispute settlement mechanisms.

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U.S. agriculture groups say they would be satisfied if a U.S.-Japan trade deal offers them the same levels of market access as those negotiated in the Trans-Pacific Partnership, a line that Tokyo has laid down for the negotiations.

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Canada has agreed to eliminate its Class 7 dairy pricing scheme as part of the “U.S.-Mexico-Canada Agreement” – the new moniker for the renegotiated North American Free Trade Agreement – and has reached an “accommodation” with the Trump administration on autos in case the U.S. imposes Section 232 tariffs on auto imports, Trump administration officials said late on Sunday night.

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September 28, 2018

The U.S. and Mexico have agreed to delay the release of their bilateral trade deal's text because an agreement with Canada could be imminent, an official close to the talks told Inside U.S. Trade.

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China on Wednesday pushed back against one of the United States’ principal criticisms of the World Trade Organization’s Appellate Body, claiming it does have the authority to review a dispute settlement panel’s factual findings.

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