U.S. NAFTA renegotiation proposals are akin to a “de facto withdrawal” from the agreement and would diminish North American competitiveness to the advantage of China, the president of the National Foreign Trade Council said Thursday, calling the administration’s policy direction a “huge gift” to Asian competitors.
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“Does anybody think it’s protectionist to say you buy your own political risk insurance? I mean I can show you what protectionism is…. But it certainly isn’t this.”
Thu, 4:36 PM
China said it was encountering institutional and technical obstacles in preparing its submission.
Thu, 1:35 PM
President Trump and Argentine President Mauricio Macri spoke this week of their “continued commitment to expanding trade and investment.”
Thu, 10:50 AM
“Focus on the potential economic benefits to U.S. manufacturers and consumers of providing temporary tariff relief through the new MTB process.”
Thu, 10:34 AM
U.S. Trade Representative Robert Lighthizer, in what he called an “unprecedented enforcement action,” today directed Customs and Border Protection to block timber imports from a Peruvian exporter the U.S. says engaged in illegal harvesting practices.
Whirlpool is asking the U.S. International Trade Commission to include a 50 percent tariff on all large residential washers, in addition to a quota, in its final safeguard recommendations to President Trump in December.
The Office of the U.S. Trade Representative is aiming for NAFTA disciplines on state-owned enterprises with broader coverage than what negotiators agreed to in the Trans-Pacific Partnership, though Mexico and Canada have been pushing back against that approach, multiple sources have told Inside U.S. Trade.
Several U.S. business groups have formed an informal coalition to collectively lobby for the preservation of NAFTA and oppose a series of proposals put forward by the U.S. during the negotiations.
While a withdrawal from the North American Free Trade Agreement is something U.S. Trade Representative Robert Lighthizer -- and President Trump -- “think about all the time” as an alternative to reaching a new deal with Mexico and Canada, USTR has not done “any analysis” on what the end of NAFTA would mean for the U.S., he said Tuesday.
U.S. Trade Representative Robert Lighthizer on Tuesday said he was seeking to shake up the congressional voting landscape for free trade deals, suggesting a retooled NAFTA could be a “historic agreement” backed by both the business community and labor unions -- as well as their champions on Capitol Hill.
Around the World
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In a wide-ranging speech laying out the his department's services agenda, Commerce Secretary Wilbur Ross said Tuesday he was seeking to expand the voluntary Asia-Pacific Economic Cooperation's Cross Border Privacy Rules System as a way to prevent national cross-border data flow restrictions,...
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U.S., Mexican and Canadian trade ministers have agreed to delay the next round of NAFTA negotiations to work on bridging “conceptual gaps” exposed during talks that concluded today, U.S. Trade Representative Robert Lighthizer announced -- saying he was “surprised and disappointed at the...
World Trade Organization
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U.S. Trade Representative Robert Lighthizer clarified his objections with the World Trade Organization Appellate Body during a Monday meeting with WTO Director Roberto Azevêdo, but no clear path forward was identified, according to Azevêdo.
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Trade ministers from about 40 countries have identified fisheries subsidies, public stockholding for food security purposes and domestic support for agriculture as areas that negotiators should focus their work ahead of the World Trade Organization's 11th ministerial, which is just two months away.
FTA Central
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U.S., Mexican and Canadian trade ministers have agreed to delay the next round of NAFTA negotiations to work on bridging “conceptual gaps” exposed during talks that concluded today, U.S. Trade Representative Robert Lighthizer announced -- saying he was “surprised and disappointed at the resistance to change.”
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After the Trump administration tabled a slew of highly contentious proposals in the fourth round of NAFTA talks, Mexican officials this week made clear to the U.S. business community that Mexico intends to stay at the table for the seven scheduled negotiating rounds and won’t hand President Trump what some believe he is looking for -- a reason to begin the withdrawal process.
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IN FOCUS
Minor deals could be announced, but is true reform in the offing?
INSIDE U.S. TRADE
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FEATURED STORY
European Commission VP, Ross discuss prospect of sectoral negotiations
Vice President of the European Commission Jyrki Katainen and Commerce Secretary Wilbur Ross met this week and discussed addressing trade barriers on a sectoral basis if the Transatlantic Trade and Investment Partnership remains on hold.
THIS WEEK IN TRADE
The political leads for NAFTA will arrive in Washington, DC, this week for the close of the week-long fourth round of negotiations, while World Trade Organization Director General Roberto Azevêdo will also be in town for a meeting with U.S. Trade Representative Robert Lighthizer and other public engagements.
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