Following a summit in Brussels, the United States and EU countries have agreed to put $12 billion worth of retailiatory tariffs on hold for another 5 years as part of a new “cooperative framework” to resolve the long-running WTO dispute over state subsidies for aircraft manufacturers Airbus and Boeing.
What are some actions you can take to strengthen your supply chain? Find out here, along with all the details on the Biden Administration's immediate action to address vulnerabilities and strengthen resilience of U.S. supply chains.
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.
USMCA labour complaints are heating up with the filing last week by the Biden administration of a request under the trade deal’s new “Rapid Response Mechanism” concerning alleged violations of workers’ rights at a General Motors plant in Mexico and a reciprocal complaint made the same day by the Mexican government regarding the “lack of application” of labor laws in the U.S. agriculture and meatpacking industries.
Leaders of the Senate Finance trade subcommittee this week urged the Biden administration to consider rejoining the Trans-Pacific Partnership to boost trade and counterbalance China’s growing influence in the region.
Canada remains on the “Watch List” in the U.S. Trade Representative’s annual “Special 301 Report” regarding the adequacy and effectiveness of other countries’ protection and enforcement of intellectual property rights.
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.”