The Trump administration has reached a deal to lift tariffs on steel and aluminum imports from Canada and Mexico, in a move that could put the three nations a step closer to ratifying the USMCA trade deal that would replace NAFTA. Presidential proclamations were issued May 20, 2019 to remove the tariffs on aluminum,… and steel
Two top Senate Democrats, including longtime free-trade foe Sherrod Brown, are crafting a labor enforcement proposal that could help ease the way for passage of President Donald Trump’s new North American trade agreement Read more
“As chairman of the Finance Committee, I’m leading the Senate effort . I’ve been involved in the passage of every U.S. free-trade agreement, and it’s never easy. Reorganizing a massive economic relationship affects many constituencies, and that’s inevitably complicated. Read more
Agricultural products, including dairy, are expected to be one of the main topics in a Japan-U.S. bilateral trade agreement.
TOKYO — Japan and the U.S. are struggling to lay out a timeline for negotiations toward a bilateral trade agreement as Washington focuses its energies on securing a deal with Beijing. The first meeting will likely not come until at least early May Read more
The USTR Annual Report says a successful 2019 will involve getting USMCA approved by Congress and reaching a deal with China that satisfies U.S. complaints. Japan, the EU, and UK are next in line. Read more
DAVOS, Switzerland — U.S. President Donald Trump on Thursday said he would rejoin the Trans-Pacific Partnership trade deal, which he decided to exit back in January 2017, if “we made a much better deal than we had.”
The 11 remaining TPP members just Tuesday set a date for signing a revised version of the deal. Trump had previously refused to rejoin the trade pact despite repeated calls by Japanese Prime Minister Shinzo Abe, choosing instead to focus on bilateral agreements. But he appears to have changed tack amid pressure from U.S. business leaders. Read more
WASHINGTON—The Trump administration has formally rejected China’s demand that it be treated as a “market economy” under global trading rules, a move likely to heighten tensions between the world’s two largest economies.
Recently, the U.S. administration reaffirmed China’s non-market economy (NME) status for antidumping purposes.
The U.S. Commerce Department has instructed Customs and Border Protection to collect cash deposits from U.S. importers of Chinese-made aluminum foil at dumping margins ranging from 96.81 percent to 162.24 percent. Read more