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Daily News

August 18, 2020

The Trump administration should not pursue a trade agreement with Taiwan if doing so could derail discussions with China, Senate Finance Committee Chairman Chuck Grassley (R-IA) told reporters on Monday.

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Hoping to prevent Chinese telecom giant Huawei from circumventing U.S. export controls, the Commerce Department on Monday announced it would broaden its foreign direct product rule to capture more U.S. exports, sparking an outcry from the semiconductor industry.

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August 17, 2020

Mohammed Moziad Al-Tuwaijri, Saudi Arabia’s candidate to lead the World Trade Organization, wants to bring his business sensibility to an institution in crisis, arguing that quantifying the WTO’s impact and establishing a track record of delivery will renew trust and confidence in the ailing organization.

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At the request of the Whirlpool Corporation, the U.S. International Trade Commission is considering whether to advise the president to extend tariff-rate quotas on imports of large residential washers for an additional three years.

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August 14, 2020

The U.S. International Trade Commission’s interim rules to implement U.S.-Mexico-Canada Agreement provisions on investigations of trucking services are inconsistent with the deal, the Mexican government contended this week as U.S. industry and labor groups prepare for possible trade remedy action.

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Arizona lawmakers this week reaffirmed their opposition to any new trade remedies for seasonal growers, warning they would harm the state’s economy and “undermine” the spirit of the U.S.-Mexico-Canada Agreement.

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The first high-level check-in on the implementation of the phase-one trade deal between the U.S. and China has been postponed, Reuters reported on Friday.

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U.S. Trade Representative Robert Lighthizer this week discussed U.S.-Africa trade relations with Reps. Dwight Evans (D-PA) and Earl Blumenauer (D-OR) as well as Philadelphia-area business representatives, Evans said in an Aug. 12 statement.

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August 13, 2020

As the U.S. prepares for high-level consultations with China over their phase-one trade deal, President Trump suggested on Wednesday that recent large purchases of U.S. agricultural products could be designed to make him change his attitude toward Beijing.

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U.S. Customs and Border Protection this week issued a clarification specifying its new requirement that Hong Kong goods be marked as “made in China” does not change the tariffs those goods will be face upon entry into the U.S.

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The Commerce Department on Thursday proposed changes to regulations steering antidumping and countervailing duty enforcement, contending they will boost the agency’s ability to address circumvention and the effectiveness of trade remedy proceedings.

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European Trade Commissioner Phil Hogan and British Trade Secretary Liz Truss on Thursday lauded the Office of the U.S. Trade Representative’s decision not to further increase tariffs on European goods as it reviewed its retaliatory action imposed in response to subsidies EU member states provided to Airbus, though they reiterated opposition to ongoing duties.

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Lawmakers, local officials, seasonal growers and agriculture industry representatives on Thursday implored the Trump administration to take action against allegedly trade-distorting subsidies from the Mexican government for perishable produce exports to the U.S.

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August 12, 2020

The Office of the U.S. Trade Representative will adjust the list of $7.5 billion in European goods subject to U.S. retaliatory tariffs stemming from subsidies the European Union provided to Boeing because EU member states have not taken action on six subsidies found to be inconsistent with World Trade Organization rules, USTR said on Wednesday.

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The Chinese government on Wednesday released new policies crafted to stabilize trade and investment, emphasizing enhanced export credit schemes, financial assistance to trading companies, quicker customs clearance and investment in high-tech sectors.

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The Trump administration’s new approach to undervalued currency as a countervailable subsidy threatens to increase trade tensions and impinge on monetary policy, the International Monetary Fund staff said in a report this week.

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The U.S. and United Kingdom will exchange their first market-access offers between now and the next round of negotiations in early September, British Trade Secretary Liz Truss said on Wednesday.

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August 11, 2020

Sen. Kamala Harris, the California Democrat picked by presumptive Democratic presidential nominee Joe Biden to run for vice president, has been a staunch critic of what she has termed President Trump's erratic trade approach -- and focused on environmental concerns in opposing USMCA as well as a possible trade deal with Brazil.

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While plurilateral agreements are an important tool in securing new rules at the World Trade Organization, members should work to “multilateralize” them eventually or risk further fragmentation, Korean Trade Minister Yoo Myung-hee, a candidate for director-general, said on Tuesday.

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U.S. businesses operating in China largely support the phase-one pact the Trump administration struck with Beijing because it offers a semblance of stability in an otherwise tumultuous relationship, but many still doubt whether the deal was worth the tariffs used to secure it and question the viability of the oft-touted dispute resolution mechanism, according to a new report.

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