President-elect Joe Biden’s reported pick to lead the Treasury Department, Janet Yellen, has advocated for a World Trade Organization-compliant carbon tax, while his choice for national security adviser, Jake Sullivan, says the Biden administration’s approach to China will begin with domestic policy and building international alliances.
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The WTO World Trade Report says at least 115 countries have set out digital development strategies or new industrial plans addressing the digital economy.
Mon, 4:48 PM
The new deadline is Dec. 16.
Mon, 3:52 PM
The top stories from the past week.
Mon, 1:19 PM
The WTO Goods Trade Barometer rose to slightly above trend after lowest-ever recording in August.
Fri, 3:15 PM
The top stories from this week’s issue.
Fri, 2:13 PM
The European Union, Canada, Japan and 10 other countries on Monday pledged to launch an initiative on medical supplies aimed at identifying steps World Trade Organization members can take to facilitate trade and better position countries amid the public health crisis.
Support for the multilateral trading system is “now as important as ever,” leaders from the world’s largest economies said this weekend at the conclusion of a virtual G20 summit.
World Trade Organization members remain divided on a proposal to enact a temporary waiver that would allow countries to sidestep intellectual property obligations to respond to the pandemic, leading some analysts to believe the waiver, if ever adopted, won’t come in time to help combat the public health crisis.
With President-elect Joe Biden set to take over the Oval Office in January, the United Kingdom is preparing to make its case to the new administration for quickly finishing the in-progress bilateral trade deal, according to a British official familiar with the matter – but the effort is up against a narrow timeframe and unknown Biden trade priorities.
Economic leaders from the 21-member Asia-Pacific Economic Cooperation forum on Friday committed to meliorating the narrative on trade and investment and outlined a 20-year vision for the multilateral trading system.
USMCA
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The U.S.-Mexico-Canada Agreement’s enforcement tools have yet to be used and the execution of labor obligations is on the “wrong track,” House Ways & Means Committee Democrats said this week in an assessment of the deal’s implementation to date.
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The Trump administration has not successfully enforced commitments made by Mexico and Canada in implementing the U.S.-Mexico-Canada Agreement, Senate Finance Committee ranking member Ron Wyden (D-OR) charged on Friday, citing labor and agricultural concerns, among others.
China
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President-elect Joe Biden likely will seek to strengthen trade ties with Taiwan once he takes office, Taiwan Deputy Economic Minister Chern-Chyi Chen told Inside U.S. Trade on Thursday.
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For the Trump administration, World Trade Organization reform is not possible without an acknowledgment from all countries that membership requires market-oriented policies -- but this fundamental priority, like many U.S. reform proposals, faces a China-sized stumbling block as the organization...
World Trade Organization
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Former U.S. Trade Representative Michael Froman says President-elect Biden should focus on collaborating with other countries to make the World Trade Organization “functional” again.
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While major World Trade Organization members like the European Union, China, Canada and Japan are launching new environmental and sustainability initiatives in Geneva, the U.S. so far has not joined the efforts and this week criticized the European Green Deal at the WTO.
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TRADE IN TRANSITION
U.S. Trade Representative Robert Lighthizer on Thursday said the agency’s transition to the next president won’t be a problem -- “whoever it is.”
INSIDE U.S. TRADE
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