The onset of the COVID-19 pandemic created a “unique global trade environment” in 2020 and left a a profound impact on global economic activities and international trade, the U.S. International Trade said in its annual trade overview published this week.
What are some of the long-running trade disputes between the U.S. and the European Union causing challenges for transatlantic businesses? U.S. steel and aluminum tariffs are one of them. Find out the rest, and all the details on this upcoming summit, here.
Find out more about the issues discussed at this week’s inaugural meeting of the Free Trade Commission established by the USMCA in which top trade officials from Canada, Mexico, and the U.S. reviewed the assessments of various committees charged with overseeing implementation of the trade pact and affirmed their commitment to enforcing its provisions in a range of critical areas.
During a Senate hearing Wednesday, USTR Katherine Tai lamented what she said has become a now-familiar pattern in recent years of trade disputes devolving into “fights over the last scraps of an industry that we have lost to a competitor and in particular to the Chinese.”
Find out more about the $800 million worth of tariffs the Biden administration proposes hitting imports from the United Kingdom and five other countries with that could take effect in the coming months.