Dockworkers at ports across the East and Gulf coasts will return to work on Friday after the International Longshoremen’s Association union and port employers reached a “tentative agreement” over wage increases, giving both sides until January to resolve other outstanding issues.
October 4, 2024
World Trade Online
A group of U.S. lawmakers led by Sen. Sherrod Brown (D-OH) is urging newly inaugurated Mexican President Claudia Sheinbaum to address the national security risks of Chinese-made “connected” vehicles that have led the U.S. to restrict their import.
The global trading system has allowed governments to distort trade and drive persistent deficits in countries like the U.S., Michael Pettis, a nonresident senior fellow at the Carnegie Endowment for International Peace, said on Thursday, arguing that the U.S. should lead a push to create a system that benefits workers and boosts manufacturing.
The World Trade Organization director-general will dedicate the next heads-of-delegations gathering, set for next week, to push members to agree on a way forward for the perennially stuck agriculture talks as proposed by the negotiations chair.
U.S. Agriculture Department officials and their Japanese counterparts last month held another annual meeting on plant health that brought no reportable progress on opening Japan’s market to U.S. fresh potatoes, according to an industry representative who claims Tokyo is slow- walking the discussions.
Tariff hikes on Chinese goods and a proposed across-the-board tariff on U.S. imports have dominated discussions about former President Trump’s likely trade policy agenda should he be re-elected, but former Trump-era trade officials tell Inside U.S. Trade a second Trump administration, much like the first, would also have a free trade bent, citing the former president’s penchant for dealmaking.