With the World Trade Organization’s 12th ministerial conference postponed, members on Monday debated whether and how to use the agricultural negotiating text going forward and what should be the next steps for the important yet stagnant talks.
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IN TRADE
A review of a host of signs of change, and what they mean for trade policy.
Mon, 5:13 PM
The next step is for the U.S. and the EU, which brought the case against U.S. CVDs, to jointly determine a “reasonable period of time” for compliance.
Mon, 12:48 PM
Biden: “And that’s why I want to see Congress pass this bill right away and get it to my desk. Let’s get another historic piece of bipartisan legislation done.”
Fri, 5:49 PM
The top stories from our latest newsletter.
Fri, 12:30 PM
Insider Interview
Recent efforts to resolve a years-long dispute between the U.S. and the United Kingdom over steel and aluminum tariffs could -- if successful -- make way for further bilateral trade policy conversations and “tangible outcomes” in areas ripe for development, according to a senior representative of a British-American business group.
The Biden administration last week urged the Court of International Trade not to consider two solar tariff cases in weighing a separate challenge of Section 301 tariffs on $320 billion worth of Chinese goods, according to a new filing.
More than two dozen trade ministers from World Trade Organization members on Friday gathered virtually to push for progress on key issues – most notably on a pandemic response package and an agreement to curb harmful fisheries subsidies – and call for a “pragmatic” approach to conclude negotiations as possible.
The U.S. intends to “step up” its game in the Indo-Pacific region, President Biden told Japanese Prime Minister Fumio Kishida on Friday, when the two discussed U.S. plans to forge an Indo-Pacific Economic Framework, according to a senior administration official.
The U.S. and the European Union this week formally ended their World Trade Organization dispute panels targeting Section 232 tariffs on steel and aluminum and European retaliatory duties – as the two sides agreed to do last year – but also initiated, and immediately suspended, arbitration proceedings for the disputes that cannot be resumed until at least November.
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The pandemic has presented an opportunity for the world to rethink globalization and forge a “better” trading system, but countries should avoid “devolving” into fighting and protectionism, U.S. Trade Representative Katherine Tai said on Thursday, adding that the goal is not to return to the so-called normalcy of 2019, but to build something different.
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National Foreign Trade Council President Jake Colvin, who succeeded Rufus Yerxa last October, is not thinking about trade policy in traditional ways at the start of 2022.
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The House and Senate are “very close to being ready to go to conference” on a competitiveness bill to reconcile differences between the Senate’s U.S. Innovation and Competition Act and House counterproposals, Speaker Nancy Pelosi (D-CA) said on Thursday.
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A pair of House Ways & Means subcommittee chairs on Wednesday pressed Tesla on its compliance with U.S. trade laws amid news that the electric vehicle company has opened a showroom in the Xinjiang province of China, where the State Department alleges the Uyghur population is subject to forced labor.
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The organizations decry Mexican policies they say could “undermine the clean energy transition of key productive sectors in the North American economy.”
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Companies should be prepared for “rigorous” enforcement of the Uyghur Forced Labor Prevention Act, even for industries -- like renewable energy -- that are key to other administration priorities, according to trade lawyers.
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FEATURED STORY
National Foreign Trade Council President Jake Colvin, who succeeded Rufus Yerxa last October, is not thinking about trade policy in traditional ways at the start of 2022.
A weekly overview of the policy moves driving the U.S.-China tech competition
Posted: January 21
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U.S., UK launch talks to resolve Section 232 steel and aluminum dispute
The U.S. and the United Kingdom on Wednesday announced the start of negotiations to resolve a three-year steel and aluminum tariff dispute and to work together to tackle the issue of overcapacity.
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New NFTC president: Trade policy, at its best, is inherently worker-centric
National Foreign Trade Council President Jake Colvin, who succeeded Rufus Yerxa last October, is not thinking about trade policy in traditional ways at the start of 2022.
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Lawmakers, analysts urge meaningful and quick action through the IPEF
A host of lawmakers and several analysts on Wednesday urged the Biden administration to use its new Indo-Pacific Economic Framework to take meaningful and swift action in the Indo-Pacific region, including through a digital economy initiative.
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EU official: Plurilateral subsidy reform deal ‘makes no sense’ without China
A broad agreement on competitive neutrality – including new subsidy disciplines – “makes no sense” without China on board, a top European trade official said on Wednesday, adding that despite the high likelihood that Beijing would not support such reform there’s “no reason” those pushing for it, like the U.S. and the European Union, should not propose ideas.
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