The United States is expected to cut in half tariffs on roughly $360 billion on Chinese goods in exchange for a promise from Beijing to purchase more U.S. goods if President Trump agrees to the terms U.S. and Chinese negotiators have reached on a phase-one trade deal, according to sources close to the talks.
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World Trade Online
Special report: WTO in crisis
Without an Appellate Body, what’s next for the WTO?
For the first time in its nearly 25-year history, the World Trade Organization opened for business on Wednesday without a properly functioning mechanism to settle disputes among its membership, leaving WTO members, lawmakers and business groups wondering what’s next.
Azevêdo to consult with heads of delegation on ‘missing pieces’ in Walker Appellate Body proposal
IN TRADE
"The USMCA trade agreement could be brought to the floor next week."
Thu, 3:22 PM
Our weekly roundup of who's saying what.
Thu, 12:28 PM
Senior trade officials were slated to meet with the president on Thursday to discuss a Dec. 15 tariff deadline.
Thu, 10:15 AM
More details on the new standards are in the “protocol of amendment” published this week.
Wed, 5:34 PM
Bolten: “I think they don't know whether the tariffs are likely to go into effect on Dec. 15 or not.”
Wed, 2:24 PM
The Senate Finance Committee will not hold a mock markup of the U.S.-Mexico-Canada Agreement implementing bill, trade subcommittee Chairman John Cornyn (R-TX) said on Thursday, lamenting what he called a break from decades of precedent.
Insider Interview
In the late-stage U.S.-Mexico-Canada Agreement negotiations that ended this week, Mexico accepted a version of a labor enforcement mechanism and penalties for workers’ rights violations it had initially rejected because of a range of additional requirements that were attached to the proposals, Mexico’s chief trade negotiator told Inside U.S. Trade in an interview this week.
The European Commission on Thursday proposed an amendment to its trade enforcement law that would allow it to impose retaliatory tariffs on countries that block the resolution of a dispute at the World Trade Organization.
The Trump administration has until Sunday to decide whether to slap tariffs on $160 billion worth of Chinese goods, with a bevy of developments – domestically and with China – complicating that decision and leaving analysts to believe the administration will, at least for now, punt on the tariffs.
The leaders of the House Financial Services and Senate Banking Committees are continuing to debate the length of a reauthorization period for the Export-Import Bank, Sen. Kevin Cramer (R-ND) told Inside U.S. Trade.
NAFTA
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Mexico has agreed to a “melted and poured” standard for steel used in auto production that won't take effect for seven years, sources tell Inside U.S. Trade.
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House Speaker Nancy Pelosi (D-CA) and House Ways & Means Chairman Richard Neal (D-MA), along with other Democrats, on Tuesday unveiled new tweaks to the U.S.-Mexico-Canada Agreement and said a vote on an implementing bill could come as soon as next week.
China
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GENEVA -- As the U.S. comes under fire for handicapping the World Trade Organization’s dispute settlement system, it is charging that members’ non-market policies and practices are the actual threat to the WTO and must be addressed for the “continued vitality” of the organization.
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The World Trade Organization’s Appellate Body could complete work on four of 14 pending appeals despite an expected shutdown of the appellate system beginning next week, according to the Dispute Settlement Body chairman, leaving ten cases in limbo.
World Trade Organization
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GENEVA -- World Trade Organization Director-General Roberto Azevêdo’s political consultations to address the paralysis of the Appellate Body will focus on finding the “missing pieces of the puzzle” left out of the so-called “Walker process,” he said on Tuesday.
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GENEVA -- The U.S. on Monday said it would not agree to new special and differential treatment provisions in World Trade Organization negotiations unless “certain members” forgo the use of those provisions.
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