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Daily News

March 05, 2019

Senate Finance Committee Chairman Chuck Grassley (R-IA) said on Tuesday that the removal of Section 232 tariffs on Canada and Mexico was the “first step” toward the passage of the U.S.-Mexico-Canada Agreement, after which some Democratic concerns about the deal's environmental and labor provisions would have to be “accommodated.”

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Senate Finance Chairman Chuck Grassley (R-IA) on Tuesday said the administration decided to terminate India’s preferential trade treatment under the Generalized System of Preferences because New Delhi “hasn’t engaged enough” on market-access issues.

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Officials from several Southeast Asian and Pacific embassies this week said they agreed that the U.S.-China trade dispute is at the forefront of their radars, while noting the dispute's impact on investment and trade in the region remains both an opportunity and a concern.

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March 04, 2019

The Commerce Department on Monday initiated a Section 232 investigation into titanium sponge imports, the fifth national security-based trade probe initiated by the Trump administration.

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The U.S. plans to end the preferential trade treatment afforded to India and Turkey under the Generalized System of Preferences, the Office of the U.S. Trade Representative said on Monday.

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Rep. Suzan DelBene (D-WA) on Monday criticized China’s inclusion in the e-commerce plurilateral negotiations that a group of 76 World Trade Organization members will launch this month, saying that China’s participation opens the door for obstruction and a weaker deal.

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Despite significant progress made between Washington and Beijing since last December, a final trade deal could “fall apart” at the last minute, Secretary of State Michael Pompeo said on Monday.

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March 01, 2019

China’s ambassador to the World Trade Organization this week sharply rebuked a U.S. proposal crafted to greatly reduce the number of WTO members that qualify for developing country status and benefit from special and differential treatment.

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The U.S. and the European Union could increase exports to the other by around $30 billion each in an agreement that eliminates only industrial tariffs, according to a new EU economic impact report on a potential deal.

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Members of the Senate Foreign Relations Committee this week identified U.S.-China trade relations as a major factor shaping U.S. foreign policy this year, with many lawmakers questioning Washington’s strategy toward Beijing.

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China and India this week faced scrutiny over their domestic support policies on agriculture at a World Trade Organization Committee on Agriculture meeting where other members pushed both countries to further limit their trade-distorting support.

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February 28, 2019

A World Trade Organization dispute settlement panel on Thursday found China’s agricultural subsidies exceeded its allowed amount in three of the four crops for which the U.S. claimed Beijing was breaching its commitments.

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The Office of the U.S. Trade Representative on Thursday released its summary of negotiating objectives for a potential deal with the United Kingdom, a list that largely mirrors those established for talks with the European Union.

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A major Chinese business association on Wednesday claimed China has made “substantial progress” on intellectual property rights protection, but varied U.S. groups contended China has not made enough headway.

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World Trade Organization members on Wednesday approved the United Kingdom’s accession to the Government Procurement Agreement, which is worth more than $1.7 trillion a year.

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Analysts and former officials predict trade will be a focal point of Brazilian President Jair Bolsonaro’s visit to Washington next month, with many of them agreeing that U.S. support for Brazil’s accession to the Organization for Economic Cooperation and Development will be a “hot topic.”

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February 27, 2019

If Congress chooses not to approve the U.S.-Mexico-Canada Agreement, other U.S. trade initiatives -- including a push to strike a deal with China -- will be meaningless, U.S. Trade Representative Robert Lighthizer said on Wednesday.

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Agriculture Secretary Sonny Perdue on Wednesday said the Trump administration was making progress in resolving the Section 232 tariffs on steel and aluminum imposed on Canada and Mexico, saying they could be replaced by “reasonable quotas.”

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The Trump administration is eyeing a multi-tiered consultation process to enforce a trade deal between Washington and Beijing, U.S. Trade Representative Robert Lighthizer told the House Ways & Means Committee on Wednesday.

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Despite instructions from the House Appropriations Committee in a government funding package signed by the president earlier this month, U.S. Trade Representative Robert Lighthizer on Wednesday signaled that a product-exclusion process for tariffs on $200 billion worth of Chinese goods would be instituted only if the 10 percent tariffs are increased to 25 percent.

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