A U.S. delegation is in Taiwan for the first formal negotiations over the text of a trade agreement, following an initial round of talks in November 2022. The effort is aimed at pushing back against China’s bid to create a regional sphere of influence and become the world’s most influential power, according to a previous…
US ‘Strongly’ Rejects WTO Ruling on Trump-Era Steel and Aluminum Tariffs
The United States said Friday that it “strongly rejects” the World Trade Organization’s (WTO) ruling against Trump-era steel and aluminum tariffs, vowing to keep the measures in place to preserve national security. The WTO ruled that the tariffs imposed by former President Donald Trump on steel and aluminum in 2018 violated the global trading rules…
US Maintains Trump-Era China Tariffs, While Review Continues
September 3, 2022
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Asia & PacificbidenChinaChina Business & EconomyChina tariffChinese RegimeeconomyGlobal ExpansionSpecial TopicsThreat from Communist ChinaTrumpUSUS-China relationsUSTRWorld
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The U.S. government said that it will continue to impose tariffs on hundreds of billions of dollars worth of Chinese goods on Sept. 2, while continuing the statutory review of those tariffs initiated during the Trump administration. The Office of the U.S. Trade Representative (USTR) said in a federal notice that the department received requests…
USTR Says Policy Review to Seek Gaps in Fighting Forced Labor
WASHINGTON—The U.S. Trade Representative’s office said on Tuesday it will conduct an interagency review of its trade tools and policies to fight forced labor to determine whether any gaps need to be filled. USTR said the review, part of its first-ever focused strategy against forced labor, will seek input from labor organizations, forced labor survivors,…
US, Japan to Rebuild Trade Ties With New Forum, Meetings
November 18, 2021
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Asia & PacificChinaInternationalpartnershiptradeUSUS NewsUS-China relationsUSTRWorldYoshimasa Hayashi
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WASHINGTON—The United States and Japan announced on Wednesday a new trade partnership to boost cooperation on labor, environment, and digital trade issues, with an emphasis on “third country concerns,” a reference to China’s state-driven economic policies. U.S. Trade Representative Katherine Tai, who is in Tokyo to meet with new Japanese government ministers, said initial meetings…
USTR Says Tai, Dombrovskis Discussed Challenges From China, Non-Market Economies
September 29, 2021
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Business & EconomyChinaChina Business & EconomyChinese RegimeEconomieseconomyEUEuropeExecutive Branchkatherine tainon-marketPoliticsUSUS NewsUSTRValdis DombrovskisWorld
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WASHINGTON—U.S. Trade Representative Katherine Tai and her European Union counterpart discussed common challenges posed by non-market economies, including China, during a meeting in Washington on Tuesday, Tai’s office said in a statement. Tai thanked European Commission Executive Vice President Valdis Dombrovskis “for helping to build an important bilateral partnership and working constructively to strengthen the…
US, Taiwan Revive Trade Talks Despite Objections From Beijing
June 30, 2021
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Asia & PacificBeijingChinaExecutive BranchPoliticsTaiwanTrade AgreementUSUS NewsUS-China relationsUSTRWorld
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WASHINGTON—The United States and Taiwan on June 29 resumed trade talks after five years, a move that has angered the communist regime in Beijing, which claims sovereignty over the liberal democratic island. Discussions reopened on the Trade and Investment Framework Agreement (TIFA), which was stalled in 2016. At the virtual meeting, U.S. and Taiwanese officials…
Biden Administration Backs Nigerian Candidate to Lead WTO
WASHINGTON—The Biden administration announced on Friday that it would support the candidacy of Ngozi Okonjo-Iweala, a former Nigerian finance minister, to lead the World Trade Organization, ending a months-long standoff at the organization. The announcement came after South Korea’s trade minister Yoo Myung-hee withdrew her candidacy, clearing the way for Okonjo-Iweala to be director-general of…
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USTR Seeks Public Comment on Tariff Exclusions for 549 Chinese Import Categories
WASHINGTON—The U.S. Trade Representative’s office said on Tuesday it is seeking public comments on plans to revive a targeted tariff exclusion process for imports from China, specifically whether to reinstate previously extended exclusions on 549 import product categories. USTR said it would accept public comments from Oct. 12 through Dec. 1 on possible exclusions for…