The European Union is aiming to settle the long-running trans-Atlantic dispute over aircraft subsidies in the first six months of President-elect Joe Biden’s term, European Director-General for Trade Sabine Weyand said on Friday, while also implying a recent move by the Trump administration to add more European products to its retaliation list scuttled discussions that were pointing toward a “partial settlement.”
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China is, however, living up to its phase-one agreements commitments, USTR said.
Fri, 3:30 PM
Hong Kong wants a dispute panel to determine whether the U.S. measure is in line with WTO rules.
Fri, 2:03 PM
Jason Miller served as deputy assistant to the president and deputy director of the National Economic Council during the Obama-Biden administration.
Fri, 12:00 PM
President Trump has banned U.S. entities from investing in companies on the Pentagon list.
Fri, 10:11 AM
The Office of the U.S. Trade Representative on Friday released the findings of its Section 301 investigation into Vietnam’s currency valuation, concluding that the country’s practices “are unreasonable and burden or restrict U.S. commerce” and actionable under the statute.
The final interim rule the Commerce Department issued on Thursday offers industry some clarity on the scope of technology products it will cover but still gives the Commerce secretary broad discretion to block imports of information and communications technology and services from “foreign adversaries.”
Recent regulatory actions in Mexico have created “significant uncertainty” about its energy sector and damaged the investment climate, and they could run afoul of the U.S.-Mexico-Canada Agreement, top U.S. officials this week said in a letter to their Mexican counterparts.
Efforts to reform the Generalized System of Preferences will provide lawmakers important clues about the Biden administration’s trade policy approach, House Ways & Means trade subcommittee Chairman Earl Blumenauer (D-OR) said this week.
China’s Ministry of Commerce this week named a veteran trade hand to serve as its new chief international trade negotiator and published the full text of the Comprehensive and Progressive Agreement on Trans-Pacific Partnership as Beijing continues its political maneuvering just days before President-elect Biden takes office.
USMCA
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ITC commissioners ask for more data to weigh impact of imports on domestic industry.
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The AFL-CIO will “quickly” initiate a labor dispute against Mexico under the U.S.-Mexico-Canada Agreement after President-elect Joe Biden takes office, the federation’s president, Richard Trumka, told reporters on Tuesday, saying the Trump administration hindered its efforts after the deal took effect.
China
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A high-level U.S.-China meeting is not likely to take place early in President-elect Joe Biden’s term, U.S.-China Business Council President Craig Allen argued on Thursday, pointing to the pandemic and the lack of a confirmed Cabinet as the major obstacles.
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The Commerce Department on Thursday named China and five other countries “foreign adversaries” in its much-anticipated interim final rule on securing the information and communications technology and services supply chain.
World Trade Organization
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European and Australian officials this week urged the incoming Biden administration to work with them in taking on China, including by reforming the World Trade Organization.
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The European Union and Switzerland have formally objected to the United States’ proposed modification of its government procurement coverage to exclude essential medicines, arguing the U.S. has not accounted for the “likely consequences of the change” for other members.
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TRADE IN TRANSITION
Sen. Ron Wyden (D-OR), poised to chair the Senate Finance Committee once the Democrats take control, said on Wednesday he hopes to move to confirm U.S. Trade Representative-designate Katherine Tai “very soon.”
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USTR finds more digital services taxes discriminatory, again defers action
The Office of the U.S. Trade Representative has issued more findings from its Section 301 investigations of digital services taxes imposed by other countries as well as an update on taxes still under consideration.
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China escalates tensions with blocking statute aimed at U.S. sanctions regime
The Chinese government has responded to a litany of U.S. restrictions imposed by the Trump administration by releasing a blocking statute that will allow Chinese companies to seek civil damages from companies abiding by restrictions Beijing deems unfair.
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Chamber exec hints at U.S.-China meeting soon after Biden takes office
A high-level Chinese delegation is expected to visit the U.S. soon after President-elect Joe Biden is inaugurated, a U.S. Chamber of Commerce executive said on Wednesday, adding the meeting could pave the way for a dialogue aimed at resetting the relationship.
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Trumka: AFL-CIO to launch labor case against Mexico soon after Biden takes office
The AFL-CIO will “quickly” initiate a labor dispute against Mexico under the U.S.-Mexico-Canada Agreement after President-elect Joe Biden takes office, the federation’s president, Richard Trumka, told reporters on Tuesday, saying the Trump administration hindered its efforts after the deal took effect.
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