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EU Trade Commissioner Cecilia Malmström said April 25 that the Trump administration will need more time to review the Transatlantic Trade and Investment Partnership before deciding on whether to move forward with the negotiations.

IN TRADE

“We will mandate the U.S. government enhance our trade facilitation efforts and opportunities for U.S. businesses to find new markets in the Asia-Pacific.”

Wed, 8:17 AM

“The business of Asia is business. We can’t cede to China the setting of the rules.”

Wed, 7:46 AM

“People don't realize Canada's been very rough on the United States.”

Tue, 7:05 PM

A hearing on May 24 will weigh issues like whether the domestic steel industry has the ability to meet national defense requirements.

Tue, 4:44 PM

“I don't particularly understand what the president was thinking when he ... puts somebody in who's for years called for its obliteration.”

Tue, 2:49 PM

Commerce Secretary Wilbur Ross -- after announcing preliminary countervailing duty rates for softwood lumber from Canada this week -- on Tuesday said “one of the problems” with NAFTA is that lumber and an unrelated dairy dispute with Canada are two key areas not covered by the trilateral agreement, which he said is stalled in Congress.

The chairman and ranking member of the Senate Finance Committee on Tuesday pledged to push hard for the confirmation of Robert Lighthizer as U.S. Trade Representative, pulling out “all the stops” to ensure a waiver for the nominee as well as benefits for mine workers are approved quickly.

An arbitrator at the World Trade Organization has determined that Mexico is entitled to levy trade restrictions on imports from the U.S. worth $163.23 million per year, the latest development in an eight-year battle over U.S. dolphin-safe tuna labeling requirements.

U.S. Trade Representative nominee Robert Lighthizer was unanimously approved by the Senate Finance Committee on Tuesday, sending his nomination to the Senate floor. The panel also approved a statutory waiver to allow him to serve as USTR.

House and Senate Democrats on Tuesday released a report on President Trump’s “broken promises” to American workers, included the administration’s decision not to label China a currency manipulator, its failure to date to launch NAFTA renegotiations and a lack of action on various “Buy American” proposals.

The Commerce Department's decision to hit Canadian exporters of softwood lumber with tariffs of up to 24 percent, announced on Monday, sparked an immediate and defiant reaction from Canada even as the country insisted a new negotiated agreement remained the best possible solution.

Around the World
  • President Trump on Thursday will order an investigation under Section 232(B) of the Trade Expansion Act, kicking off a 270-day clock for the Commerce Department to determine whether steel imports are harming national security.

  • The Senate Finance Committee today postponed a vote on Robert Lighthizer’s nomination to be U.S. Trade Representative until after the upcoming two-week recess, as Chairman Orrin Hatch (R-UT) and ranking member Ron Wyden (D-OR) both expressed optimism that the nomination will be approved.

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