The House on Thursday passed a continuing resolution including language that would reauthorize the Export-Import Bank until Nov. 21, which could buy the leaders of the House Financial Services Committee more time to negotiate a long-term reauthorization bill.
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Products exempted include Christmas tree lighting, bicycles, dog leashes and plastic straws.
Thu, 4:05 PM
Sen. Hoeven: “We’re going to need more markets for our farmers and our ranchers and you need not only the good product but you also sell things to us and that’s the way it should be.”
Thu, 11:10 AM
“The bilateral tariff measures introduced by the United States and China since the start of 2018 will continue to exert a significant drag on global activity and trade over the next two years, particularly given the additional uncertainty that they create.”
Thu, 10:34 AM
“There's a lot of uncertainty in this industry. And this negotiation is looking for certainty for the next four years for these workers.”
Wed, 5:33 PM
More than half of the group’s CEO survey respondents said the administration’s trade policies had negatively impacted their companies’ sales.
Wed, 4:52 PM
The Commerce Department and Mexican tomato growers on Thursday signed a final agreement that will suspend a U.S. antidumping investigation into fresh tomatoes from Mexico, despite reservations from the growers about an included inspection mechanism.
Members of the House Democrats’ U.S.-Mexico-Canada Agreement working group plan to meet again with U.S. Trade Representative Robert Lighthizer on Friday, with some lawmakers suggesting progress was being made while noting that the negotiations are far from over.
House minority leader Kevin McCarthy (R-CA) said on Thursday that Congress must pass the U.S.-Mexico-Canada Agreement by Thanksgiving or the deal won’t be ratified at all, putting the onus solely on House Speaker Nancy Pelosi (D-CA) to bring an implementing bill to the House floor.
A suspension agreement covering fresh tomatoes from Mexico, reached by Mexican growers and the Commerce Department last month and expected to be signed this week, is still facing criticism from both Mexican producers and domestic importers concerned about the increased border inspections the deal would mandate.
Amit Kumar, deputy chief of mission at the Indian Embassy in Washington, DC, along with a member of India's legislature this week said they were hopeful the U.S. and India would soon strike a trade accord.
NAFTA
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The Office of the U.S. Trade Representative’s U.S.-Mexico-Canada Agreement counterproposal to House Democrats is being kept under wraps due to national security, House Ways & Means Committee Chairman Richard Neal (D-MA) told Inside U.S. Trade on Thursday.
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The U.S.-Mexico-Canada Agreement has bipartisan support and is likely to pass Congress this year, Democratic and Republican House lawmakers said on Thursday.
China
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With U.S. lobster exports to China down more than 80 percent since June 2018, Massachusetts lawmakers including Sen. Elizabeth Warren (D) are growing increasingly concerned about their state's industry, and asking for help in finding new markets.
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Groups representing the outdoor industry and consumer technology companies incensed by the tariff volleys in the U.S.-China trade spat are calling on Congress to step in and reassert its authority on trade.
World Trade Organization
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South Korea has challenged export restrictions imposed on Seoul by Japan at the World Trade Organization, escalating an ongoing trade tension between two major U.S. trading partners while the U.S. largely sticks to the sidelines.
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The World Trade Organization has told the U.S. it may move ahead with retaliation against the European Union for its subsidization of airplane manufacturer Airbus, a move that could further entrench tensions between the two trading partners.
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