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Digital services taxes imposed by India, Italy and Turkey discriminate against U.S. companies, the Office of the U.S. Trade Representative said on Wednesday, issuing individual reports on its Section 301 investigations into the three countries but deferring action, for now.
Outgoing U.S. Trade Representative Robert Lighthizer is considering a 90-day delay for tariffs on $1.3 billion worth of French goods in response to France’s digital services tax and plans soon to announce the results of four Section 301 investigations into similar taxes being considered by other countries, sources tell Inside U.S. Trade.
The European Union should not enter into an investment agreement with China without first working with President-elect Biden and the 117th Congress to combat Beijing’s trade practices, Sens. Pat Toomey (R-PA) and Mark Warner (D-VA) said in a statement on Monday.
The Biden administration will need time to consult with allies on a strategy to address egregious Chinese trade practices before it can decide on the fate of the tariffs imposed by the Trump administration, the president-elect's national security adviser, Jake Sullivan, said on Sunday.
“It is a good deal, it’s a bespoke deal. It wouldn’t take too much bandwidth to get it through Congress, and we’d be delighted to work with the Biden administration.”
“The EU will engage with the new U.S. administration at the earliest possible moment to continue these negotiations and find a lasting solution to the dispute.”
The Trump administration is imposing tariffs on additional goods from Europe in response to what it says were unfair calculations made by the European Union in its approach to retaliating against the U.S. for subsidies provided to Boeing, the Office of the U.S. Trade Representative said on Wednesday.
The Biden administration would welcome “early consultations” with the European Union on ways to address mutual concerns about Beijing’s economic practices, Jake Sullivan, President-elect Joe Biden’s pick for national security adviser, said on Monday.
“Tough compromises … have to be made. And those are things that tend to come towards the end of a negotiation.”
The European Union on Tuesday unveiled two new legislative proposals on digital services and markets, prompting pushback from U.S. trade associations that called the possible moves protectionist and discriminatory.
U.S. Trade Representative Robert Lighthizer appeared on Monday to dash the dreams of a last-minute Boeing-Airbus resolution while he’s still in office, or a nearly complete U.S.-United Kingdom deal to hand off to the Biden administration.
The U.S. should “embrace” Europe’s recent overture to improve trade relations with the U.S. and forge a new arrangement to counter China’s “intensifying” ambitions, House Ways & Means Committee Chairman Richard Neal (D-MA) said this week.
The European Commission is throwing cold water on the United Kingdom’s attempts to suspend tariffs on U.S. goods for subsidies the U.S. has provided to Boeing, claiming that the UK has no right to alter the tariffs because the World Trade Organization has authorized only the EU to impose retaliatory tariffs.
The United Kingdom will suspend retaliatory tariffs against the U.S. as part of the long-running Airbus-Boeing dispute to show it is “serious” about a negotiated settlement, the country’s trade department announced on Tuesday, saying it hoped to “de-escalate” trade conflicts – but retaining duties imposed in response to the Trump administration’s Section 232 tariffs on steel and aluminum.
The European Union and the United States under the Biden administration should agree to work out trade issues in a defined order beginning with World Trade Organization moves and a negotiated settlement of the longstanding aerospace subsidies dispute, EU Director-General for Trade Sabine Weyand said on Tuesday.
“France’s decision to collect a discriminatory digital services tax next month represents an escalation against American employers and leave more U.S. industries open to unfair foreign taxes.”
The European Union is mulling a draft plan to boost trans-Atlantic coordination to confront China, according to a report this week. The bloc also advanced a tariff deal with the U.S. that both sides have described as a possible precursor to broader agreements.
The European Commission should use the momentum generated by a limited tariff deal with the U.S. to advance toward a “broader cooperation agreement” that goes beyond tariff reductions, members of the European Parliament argue in a resolution under debate this week.
“I can’t stress how important that is.”