The annual National Trade Estimate, which enumerates hundreds of tariff and non-tariff barriers to U.S. goods and services exports, asserted it would try to "quantitatively assess the potential effect of removing certain foreign trade barriers to particular U.S. exports," but the estimate largely steers clear of estimating the value of lost export sales.
U.S. Trade Representative Jamieson Greer, on Bloomberg TV, said he expects the establishment of a Board of Trade to manage trade between the U.S. and China to be one of the major deliverables of the May summit planned between Chinese President Xi Jinping and President Donald Trump.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
China’s Ministry of Commerce on March 27 began two trade barrier investigations on U.S. policies that it said are harming Chinese commercial interests -- one targeting alleged U.S. actions that “undermine global production and supply chains,” and another examining measures said to “hinder the trade of green products.”
Rep. Jimmy Panetta, D-Calif., told an audience of libertarians that he argued in a closed-door meeting with other House Ways and Means Democrats that they should campaign on prices, and connect affordability to President Donald Trump's tariffs.
The leading trade hawk appointee in the Trump administration, Peter Navarro, said the loss at the Supreme Court on the legal underpinning of reciprocal tariffs was the best possible kind of loss "because the justices ratified and affirmed the use of every other statute we’ve been using."
Former government officials from the Biden and first Trump administration said they've been pleasantly surprised by how the government is working to comply with a Court of International Trade directive to refund reciprocal tariffs and stop liquidating entries that include those tariffs.
The following lawsuits were filed at the Court of International Trade during the week of March 16-22:
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
The ongoing conflict between the U.S. and Iran will have far-reaching effects on trade negotiations, particularly with China, as countries reevaluate their priorities against potential negative economic outcomes, according to former trade negotiators.