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China on Wednesday defended its economic policies at the World Trade Organization as a “win-win approach” aimed at facilitating inclusive global growth, but the U.S. and others contested that idea, arguing Beijing continues to engage in unfair non-market practices at odds with the WTO. Wednesday marked the first day of China’s trade policy review, which takes place every few years; China’s previous TPR was held in 2021. The review will continue on Friday. It is not uncommon for the U.S...

A new Supreme Court ruling overturning a long-held deference to the actions of federal agencies is unlikely to significantly affect trade-related agencies in the near term, analysts tell Inside U.S. Trade , though there are areas in which trade law could see longer-term shifts. Loper Bright Enterprises v. Raimondo, a landmark Supreme Court decision that came out late last month, overturned Chevron U.S.A. v. Natural Resources Defense Council, which had directed the courts to defer to an agency’s reasonable interpretation...

Stakeholders have urged the Commerce Department to provide more details about a tool it is developing to assess supply chain vulnerabilities – and some analysts say they wonder whether the tool can provide a deeper understanding of supply chains and their vulnerabilities. Commerce’s Supply Chain Center, part of the department’s Industry and Analysis unit, is developing a tool that will use “a comprehensive set of indicators” to assess supply chain risks across the U.S. economy and predict future vulnerabilities, according...

The incoming Mexican administration will continue its predecessor’s efforts to increase production of non-genetically engineered yellow corn but is not aiming to phase out yellow corn imports in the next six years, Mexico’s next agriculture minister said, suggesting those imports -- the bulk of which comes from the U.S. -- would continue at scale. Julio Berdegué Sacristán, tapped by Mexican President-elect Claudia Sheinbaum to lead the country’s agriculture ministry, told Reuters that the Sheinbaum administration wants to increase Mexico’s production...

The U.S, Mexico and Canada should assess China’s efforts to “crowd out” North American suppliers for electric vehicle components and prevent the creation of a resilient regional supply chain, the Office of the U.S. Trade Representative said on Monday in a new biennial report to Congress on the countries’ trade deal and automotive goods rules. China, the report says , is using non-market “policies and practices to concentrate production of goods within its borders, which undermines supply chain resilience and...

More than 30 World Trade Organization delegations, including the U.S. and China, this week backed a push to conclude the second phase of negotiations on harmful fisheries subsidies by agreeing to a deal in July after members failed to land the agreement at the 13th ministerial conference earlier this year. WTO members reached an accord on curbing harmful fisheries subsidies, especially those funding illegal, unreported and unregulated fishing, during MC12 in 2022. To secure that deal, some provisions – mainly...

A proposed rule outlining an outbound investment review mechanism published by the Treasury Department on Friday expands on which transactions in three sensitive technology sectors must be notified and, potentially, restricted if U.S. investments are headed toward countries of concern. President Biden last August signed an executive order instructing Treasury to formulate notification requirements and prohibitions for U.S. investments to countries of concern, namely China, in the semiconductor, AI and quantum information technology sectors. As part of that process, Treasury...

A change in how the Commerce Department treats Vietnam’s economy for the purposes of administering U.S. antidumping duties was a top priority for Hanoi in discussions with Washington that led the two countries last year to elevate their bilateral relationship, sources tell Inside U.S. Trade ahead of a final decision by the U.S. due next month. Commerce since 2002 has treated Vietnam as a “non-market economy,” a label that generally leads to higher duties in dumping cases. According to an...

The U.S. Chamber of Commerce on Tuesday released communications between Sen. Elizabeth Warren (D-MA) and the Office of the U.S. Trade Representative that the group contends are indicative of an overly “deferential” relationship, but the senator says she’s just advocating for the interests of workers and small businesses rather than those of corporate lobbyists. The Chamber last year submitted a Freedom of Information Act request to USTR for a variety of communications and other information leading up to the agency’s...