The Senate Finance Committee will not hold a mock markup of the U.S.-Mexico-Canada Agreement implementing bill, trade subcommittee Chairman John Cornyn (R-TX) said on Thursday, lamenting what he called a break from decades of precedent.
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World Trade Online
Special report: WTO in crisis
Without an Appellate Body, what’s next for the WTO?
For the first time in its nearly 25-year history, the World Trade Organization opened for business on Wednesday without a properly functioning mechanism to settle disputes among its membership, leaving WTO members, lawmakers and business groups wondering what’s next.
Azevêdo to consult with heads of delegation on ‘missing pieces’ in Walker Appellate Body proposal
IN TRADE
"The USMCA trade agreement could be brought to the floor next week."
Thu, 3:22 PM
Our weekly roundup of who's saying what.
Thu, 12:28 PM
Senior trade officials were slated to meet with the president on Thursday to discuss a Dec. 15 tariff deadline.
Thu, 10:15 AM
More details on the new standards are in the “protocol of amendment” published this week.
Wed, 5:34 PM
Bolten: “I think they don't know whether the tariffs are likely to go into effect on Dec. 15 or not.”
Wed, 2:24 PM
Insider Interview
In the late-stage U.S.-Mexico-Canada Agreement negotiations that ended this week, Mexico accepted a version of a labor enforcement mechanism and penalties for workers’ rights violations it had initially rejected because of a range of additional requirements that were attached to the proposals, Mexico’s chief trade negotiator told Inside U.S. Trade in an interview this week.
The European Commission on Thursday proposed an amendment to its trade enforcement law that would allow it to impose retaliatory tariffs on countries that block the resolution of a dispute at the World Trade Organization.
The Trump administration has until Sunday to decide whether to slap tariffs on $160 billion worth of Chinese goods, with a bevy of developments – domestically and with China – complicating that decision and leaving analysts to believe the administration will, at least for now, punt on the tariffs.
The leaders of the House Financial Services and Senate Banking Committees are continuing to debate the length of a reauthorization period for the Export-Import Bank, Sen. Kevin Cramer (R-ND) told Inside U.S. Trade.
The U.S.-Mexico-Canada agreement will not be brought to a vote in the Senate before it adjourns for the year, Senate Majority Mitch McConnell (R-KY) said on Tuesday, adding that the deal likely will be voted on after the Senate concludes its impeachment trial of President Trump.
NAFTA
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Mexico has agreed to a “melted and poured” standard for steel used in auto production that won't take effect for seven years, sources tell Inside U.S. Trade.
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House Speaker Nancy Pelosi (D-CA) and House Ways & Means Chairman Richard Neal (D-MA), along with other Democrats, on Tuesday unveiled new tweaks to the U.S.-Mexico-Canada Agreement and said a vote on an implementing bill could come as soon as next week.
China
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GENEVA -- As the U.S. comes under fire for handicapping the World Trade Organization’s dispute settlement system, it is charging that members’ non-market policies and practices are the actual threat to the WTO and must be addressed for the “continued vitality” of the organization.
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The World Trade Organization’s Appellate Body could complete work on four of 14 pending appeals despite an expected shutdown of the appellate system beginning next week, according to the Dispute Settlement Body chairman, leaving ten cases in limbo.
World Trade Organization
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GENEVA -- The U.S. on Monday said it would not agree to new special and differential treatment provisions in World Trade Organization negotiations unless “certain members” forgo the use of those provisions.
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GENEVA -- World Trade Organization members have agreed to extend a moratorium on electronic transmission duties until the next ministerial conference in June 2020.
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