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A U.S. push to ensure plurilateral talks on e-commerce rules cover provisions like those in the U.S.-Mexico-Canada Agreement is proving problematic for the European Union, which does not have the authority to negotiate as broadly as the U.S. would like, according to sources following the talks.
British Prime Minister Theresa May is facing increasing pressure from her own Conservative Party to step down amid expectations that a scheduled fourth vote on her Brexit deal in two weeks will fail, even after she announced on Tuesday a series of concessions -- including a vote on alternative customs arrangements and an offer to give Parliament a voice in post-Brexit trade negotiating objectives.
A round up of reactions to the Trump administration’s auto tariff delay announcement.
The U.S. imposed duties of 30-45 percent duties on Spanish olives last year.
Lawmakers representing districts with Boeing facilities have run out of patience over an aerospace subsidy dispute between the U.S. and European Union that has spanned over a decade, calling this week for the Trump administration to impose tariffs on the EU for “launch aid” subsidies to Airbus that the World Trade Organization has ruled are violations.
May is still in negotiations with the opposition party to gain the support needed for Parliament to approve the deal.
“Let us at least consider imposing the same restriction on them that they do on us: require that they not sell cheeses by these names into our market, as long as we are locked out of theirs.”
“The reason autos are very important to our trade picture is about half of our trade deficit comes from the single product – automotive.”
“The WTO has served us well, and it is only if we have the rules and enforcement in that context that we can make sure that they are global and that they apply to everybody.”
China and others urge strict adherence to the rules in a review of more than 30 actions in recent years.
Unilateral trade actions taken by the United States are pushing the European Union and China close together and preventing the U.S. and Brussels from coordinating action to confront illicit Chinese trade practices, several trade analysts said on Tuesday.
Harley Davidson reports a slump in earnings due in part to “European Union and China tariffs imposed on the company's products shipped from the U.S., as well as incremental U.S. tariffs on certain items.”
Harley Davidson reports a slump in earnings due in part to “European Union and China tariffs imposed on the company's products shipped from the U.S., as well as incremental U.S. tariffs on certain items.”
If agriculture is not included in U.S.-European Union trade talks, the U.S. will lose the opportunity to pursue “trade-offs” in the negotiations, Senate Finance Committee Chairman Chuck Grassley (R-IA) said on Thursday.
PIIE's Hufbauer says the U.S. could invoke Section 891 of the Internal Revenue Code to “double income tax rates on foreign citizens and corporations.”
A post-Brexit United Kingdom-European Union trade agreement, as well as any U.S.-UK deal, should create an environment that is “as frictionless as possible” for people, goods and services, the U.S.-UK Business Council said on Wednesday.
Canada, EU react: “The U.S. decision to allow suits against foreign companies can only lead to an unnecessary spiral of legal actions.”
Now that the European Commission has a mandate to negotiate a trade deal with the United States, the next step for the two sides is to agree on what areas the negotiation will cover -- a normally perfunctory exercise that could derail the latest round of trans-Atlantic talks before they even begin.