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Daily News

August 07, 2019

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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Senate Finance Committee Chairman Chuck Grassley (R-IA) expects to hold a hearing in late September or early October on a compromise bill to rein in President Trump’s tariff authority, he told reporters on Wednesday.

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Senate Finance Committee Chairman Chuck Grassley (R-IA) expects to hold a meeting of the panel in late September or early October on a compromise bill to rein in President Trump’s tariff authority, he told reporters on Wednesday.

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August 06, 2019

The People’s Bank of China has responded to the U.S. Treasury Department’s classification of China as a currency manipulator by pointing out that Beijing does not meet the Treasury’s own criteria for the label, arguing that the decision was instead based solely on the escalating U.S.-China trade tensions.

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While an escalating trade fight between Japan and South Korea is already affecting U.S. supply chains, the Trump administration has yet to show definitively whether it plans to intervene -- though industry officials and analysts say they would like to see the U.S. do so.

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Eyeing a first-stage deal as soon as September, U.S. and Japanese officials wrapped up another round of ministerial meetings last week in Washington, DC, with digital trade a key component of the talks.

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Business owners and industry representatives on Monday called on the Trump administration to remove products from a preliminary list of European goods the U.S. plans to hit with retaliatory tariffs for subsidies the World Trade Organization has said the European Union is illegally providing to Airbus for large civil aircraft.

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August 05, 2019

China’s Ministry of Commerce announced on Monday that Chinese companies have suspended purchases of U.S. agricultural products in retaliation for 10 percent tariffs on $300 billion worth of U.S. goods that the Trump administration announced last week.

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The U.S. on Monday pledged to support African countries as they work to implement a continental free trade agreement that entered into force earlier this year.

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The Trump administration will have to win the support of as many as 80 more Democrats to ensure passage of the U.S.-Mexico-Canada Agreement, Dickinson Wright trade lawyer Dan Ujczo tells Inside U.S. Trade, warning of a “bump and blame” scenario in which a vote on the trade deal gets pushed until after the 2020 presidential election.

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August 02, 2019

China on Friday promised to retaliate against the U.S. after President Trump said the U.S. would impose new tariffs on Chinese goods, further escalating trade tensions just days after negotiators met in Shanghai.

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Mexican tomato growers, in a letter to the Mexican government, this week accused the U.S. Commerce Department of slow-walking negotiations for a new suspension agreement on fresh tomatoes with “absurd” proposals and called on the government to intervene.

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U.S. trade and labor officials traveled to Colombia last week to meet with government officials and labor representatives to assess the country’s compliance with commitments outlined in the U.S.-Colombia Trade Promotion Agreement.

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August 01, 2019

U.S. and Indian officials hope to hold a high-level, high-stakes meeting in Washington, DC, before the end of the month, which could determine the direction of the trade relationship between the two countries, according to industry sources.

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China will not be able to negotiate a delay to the Sept. 1 imposition of tariffs on roughly $300 billion worth of Chinese goods, President Trump said on Thursday.

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The U.S. on Sept. 1 will impose a 10 percent tariff on $300 billion worth of Chinese goods -- nearly all not yet subject to Section 301 restrictions -- because of China’s failure to buy U.S. agricultural goods and curb the flow of fentanyl to the U.S., President Donald Trump announced on Thursday.

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Democratic presidential candidates condemned the Trump administration’s trade policy during a second round of debates this week, with frontrunner Joe Biden saying he would not support a new North American Free Trade Agreement unless it was renegotiated with labor groups at the table.

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July 31, 2019

As it works on a potential trade deal with Japan, the Office of the U.S. Trade Representative is eyeing provisions in trade law allowing for unilateral tariff changes that do not require congressional approval, according to sources familiar with the talks.

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Trade negotiations between the United States and China this week focused on China's purchases of U.S. agricultural products, according to both sides, but outside the negotiating room they continued to trade barbs despite claiming progress was being made.

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The Office of the U.S. Trade Representative is working on a “rapid-response” enforcement approach for the U.S.-Mexico-Canada Agreement that borrows heavily from a proposal introduced by two key Democratic senators earlier this year, Inside U.S. Trade has learned.

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