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World Trade Online
Pompeo hopes for NAFTA 'deals' in weeks, slams China on trade
June 18 , 2018
Secretary of State Mike Pompeo on Monday said he was hopeful that NAFTA “agreements” would be ripe for announcement in the coming weeks, defended President Trump’s use of tariffs and accused Chinese leaders of not being serious when claiming to champion economic openness and globalization.
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World Trade Online
Ross called on to defend Section 232 tariffs as retaliation keeps coming
June 15 , 2018
Commerce Secretary Wilbur Ross will testify before the Senate Finance Committee on Wednesday, offering lawmakers the chance to probe the administration’s use of Section 232 of the 1962 Trade Expansion Act to impose tariffs on trading partners -- and to offer their thoughts on other countries' retaliatory moves.
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World Trade Online
Perdue: U.S. not demanding that Canada scrap dairy management system
June 15 , 2018
The U.S. is not demanding that Canada dismantle its supply management system for dairy products, but is urging Canada to manage it so it does not oversupply the global market, Agriculture Secretary Sonny Perdue said on Friday.
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Reuters
At odds with Trump over trade, Canadians say they will avoid U.S. goods: poll
June 15 , 2018
Seventy percent of Canadians say they will start looking for ways to avoid buying U.S.-made goods in a threat to ratchet up a trade dispute between Prime Minister Justin Trudeau and U.S. President Donald Trump, an Ipsos Poll showed on Friday.
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Financial Times
How Trump tariffs are about to trigger the Mexican cheese wars
June 18 , 2018
Mexico is scheduled to turn the screws on tariffs applied this month to Washington’s nearly $400m in cheese exports to its southern neighbour. Duties on some cheesy comestibles are due to double to 20 per cent or ratchet up to 25 per cent — a painful prospect for the US, which sends about 80 per cent of its cheese exports south of the border. Indeed, Mexico is America’s top cheese market, accounting for more than a quarter of its total cheese exports.
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The Wall Street Journal
Conflicting Forces Pull at Trump on Nafta
June 17 , 2018
The future of the North American Free Trade Agreement, which binds the economies of the U.S., Canada and Mexico, has rarely looked as murky as it does right now.
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World Trade Online
Foreign Relations senators side with Freeland on Trump trade moves
June 14 , 2018
Several members of the Senate Committee on Foreign Relations on Thursday backed Canadian Foreign Affairs Minister Chrystia Freeland’s contention that President Trump’s trade strategy toward Canada is largely misguided.
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World Trade Online
Sources: Administration pushing to finish auto investigation before midterms
June 14 , 2018
The Trump administration hopes to complete its Section 232 investigation into the national security implications of autos and auto parts imports before voters head to the polls in November, potentially putting Republican lawmakers who oppose tariffs on autos in a precarious position, according to industry sources.
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World Trade Online
Brady: NAFTA parties 'close enough' to strike a deal soon
June 13 , 2018
The chairman of the House Ways & Means Committee believes the U.S., Canada and Mexico are “close enough” to strike a deal soon on NAFTA.
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Reuters
In final debate, Mexican presidential favorite says a NAFTA fail 'not fatal'
June 12 , 2018
The collapse of the North American Free Trade Agreement would not be fatal for Mexico, the leftist presidential favorite said on Tuesday, while keeping his cool under attack from rivals in the last televised debate before the July 1 election.
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World Trade Online
Inhofe blocks Corker tariff amendment to defense bill
June 12 , 2018
Sen. Bob Corker’s (R-TN) effort to attach an amendment to a defense bill that would allow Congress to approve the imposition of Section 232 tariffs was rebuffed on Tuesday by Sen. Jim Inhofe (R-OK).
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World Trade Online
Senators probe trade nominees on Section 232 due process, retaliation preparation
June 12 , 2018
Members of the Senate Finance Committee on Tuesday questioned nominees for key trade posts on how they would try to ensure due process is followed in Section 232 investigations and probed whether the U.S. is adequately prepared for retaliation.
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World Trade Online
Trump: Trudeau's post-G7 remarks will 'cost a lot of money for the people of Canada'
June 12 , 2018
Canadian Prime Minister Justin Trudeau cost his country “a lot of money” when he angered President Trump after the G7 summit this weekend, Trump said in Singapore on Tuesday.
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Bloomberg
Mexico Turns Trade Attention to Japan With Nafta Talks at Risk
June 12 , 2018
Mexico’s top trade official is traveling to Japan this week as the Latin American nation seeks to diversify exports and investment amid an impasse in Nafta talks.
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Reuters
As Trump attacks, Canada goes to Plan B: same as Plan A
June 12 , 2018
U.S. President Donald Trump’s blistering attack on Canadian Prime Minister Justin Trudeau has driven bilateral relations to their lowest point in decades and left Ottawa with few options for averting a trade war with its much bigger neighbor.
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The Wall Street Journal
Trump’s Trade Heresies Give Him Leverage but Not Necessarily Success
June 12 , 2018
President Donald Trump’s approach to trade is often counterproductive because he alienates rather than cultivates allies, uniting them against the U.S. instead of China.
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The Wall Street Journal
U.S.-Canada Rift Roils Nafta Talks
June 12 , 2018
A backdrop of new hostility is hurting chances for Washington and Ottawa to successfully overhaul the North American Free Trade Agreement, say people close to the talks, even as Canada has vowed to forge ahead with the negotiations.
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Financial Times
What is in store for Mexican oil under a new leader?
June 12 , 2018
Among this year’s many elections — from Iraq to Malaysia to Russia — none is more important for the international energy business than the presidential race in Mexico, which will be held on July 1.
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World Trade Online
Doud: NAFTA must be 'worked out,' U.S. must 'play offense' on agriculture
June 12 , 2018
U.S. chief agriculture negotiator Gregg Doud said last week that reaching a successful conclusion of the North American Free Trade Agreement renegotiation was the top priority of the Office of the U.S. Trade Representative – though President Trump on Saturday said again that the U.S. could be better off without the deal altogether.
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World Trade Online
Senators introduce bill to repeal Section 201 restrictions on solar products
June 12 , 2018
Sens. Martin Heinrich (D-NM) and Dean Heller (R-NV) last week introduced legislation that would roll back safeguard duties on solar products in an attempt to shore up an industry that they say has been stifled by President Trump's restrictions.
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World Trade Online
Analysts contest legality of countries’ retaliation for U.S. Section 232 measures
June 9 , 2018
While World Trade Organization members may not be not following the letter of WTO law in levying duties against the United States for its imposition of tariffs on steel and aluminum, the politics surrounding those tariffs could render any WTO infractions moot, trade analysts tell Inside U.S. Trade.
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World Trade Online
Trump suggests longer NAFTA sunset period, separate bilateral deals
June 9 , 2018
President Trump on Saturday insisted that a new NAFTA would include a sunset provision but indicated that it could kick in after more than five years, while Canadian Prime Minister Justin Trudeau maintained that a sunset clause was off the table.
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Reuters
Mexico minister calls for 'flexibility' in reworking NAFTA
June 8 , 2018
Mexican Economy Minister Ildefonso Guajardo said on Monday the only way countries re-negotiating the North American Free Trade Agreement (NAFTA) will find a solution is through “sufficient flexibility” to narrow differences.
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Wall Street Journal
The Art of the Foreign-Policy Deal: An Insider’s Guide to Trump’s Tactics
June 8 , 2018
Donald Trump is scheduled to meet North Korean leader Kim Jong Un Tuesday in Singapore after a year of turbulent foreign-policy maneuvers built on the U.S. president’s willingness to take outsize risks.
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Wall Street Journal
Blame Canada: The Investors’ Edition
June 8 , 2018
It finally happened: U.S. President Donald Trump picked a fight with the nicest people on earth.
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Financial Times
Inside the chaos of Donald Trump’s trade wars
June 8 , 2018
Steven Mnuchin was having a tough day. For several months the Treasury secretary had tried to co-ordinate the US side in trade negotiations with China. But on May 29, he found himself explaining to Liu He, the Chinese vice-premier, why President Donald Trump had just reneged on a deal aimed at preventing a trade war
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World Trade Online
Trump slams Canada, European Union over trade ahead of G7 summit
June 8 , 2018
Before departing for the G7 leaders summit in Quebec on Friday, President Trump railed against alleged unfair trading practices by U.S. allies -- singling out Canada and the European Union in tweets.
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The Wall Street Journal
Friends Don’t Let Friends Impose Tariffs
June 7 , 2018
Facebook users can “unfriend” people they don’t like anymore. Today, unfriending the European Union seems to be U.S. policy. The Trump administration’s “America first” trade tactics risk resulting in “America alone.” Neither Europeans nor Americans would profit from that outcome.
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Secretaría de Economía
México iniciará un proceso de Solución de Controversias contra EE.UU. ante la OMC por las medidas contra el acero y aluminio mexicano
June 7 , 2018
En respuesta a las medidas que Estados Unidos de América (EE.UU.) aplicó a las exportaciones de acero y aluminio mexicanas, México anuncia que iniciará un proceso de Solución de Controversias al amparo de la Organización Mundial del Comercio (OMC)
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The Hill
The last thing America's dairy farmers need is a trade war with Mexico
June 7 , 2018
Every June since 1937, America has celebrated National Dairy Month, taking the opportunity to recognize the hardworking men and women who make some of our favorite and most iconic foods possible. After all, it wouldn’t be summer without at least one dripping ice cream cone or a scoop of vanilla with some American apple pie.
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Wall Street Journal
Congress vs. Trump on Tariffs
June 7 , 2018
Republicans have complained for years that the executive has encroached on the powers of the legislature, but the GOP hasn’t done much to stop the invasion. This week a bipartisan coalition in the Senate is finally rebelling against the Trump Administration’s unilateral trade war, and we’re glad to see it.
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World Trade Online
Ways & Means Democrats lament a lack of clarity after meeting with Lighthizer
June 7 , 2018
Democrats on the House Ways & Means Committee are frustrated that a bipartisan meeting with U.S. Trade Representative Robert Lighthizer on Thursday did not yield clarity on range of issues, including next steps on China, NAFTA and the Section 232 tariffs on steel and aluminum.
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World Trade Online
Hatch, Cornyn suggest Finance Committee action on 232 tariffs
June 7 , 2018
Senate Finance Committee leaders on Thursday said the panel might hold a hearing on the Trump administration’s steel and aluminum tariffs as well as language introduced this week by Sen. Bob Corker (R-TN) that would amend Section 232 of the Trade Expansion Act of 1962 to require congressional approval for tariffs imposed under it.
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Wall Street Journal
Mexico and Canada Add to Nations Striking Fear in U.S. Farmers
June 6 , 2018
U.S. farmers, already losing sales to China, are facing new threats to sales in other big overseas markets as trade tensions spread globally.
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Reuters
Republicans in tight House races feel heat from Mexican tariffs
June 7 , 2018
Mexican tariffs are roiling U.S. congressional campaigns in states where U.S. exporters could take a hit and President Donald Trump’s Republicans face tough races in November congressional elections.
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Financial Times
Trade war talk drives down cross-border investment
June 6 , 2018
Rising trade tensions are dragging down long-term cross-border investment by companies around the world, UN figures showed on Wednesday. Global foreign direct investment fell by 23 per cent in 2017 and is expected to grow only modestly, if at all, this year, the UN said in its latest World Investment Report
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World Trade Online
Lighthizer to meet with Ways & Means members on Thursday
June 6 , 2018
U.S. Trade Representative Robert Lighthizer is set to meet with the House Ways & Means Committee on Thursday to discuss the state of the NAFTA talks and other trade issues, Inside U.S. Trade has learned.
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World Trade Online
Corker introduces 232 tariff bill with bipartisan, business backing
June 6 , 2018
With bipartisan support and the backing of major business groups, Senate Foreign Relations Chairman Bob Corker (R-TN) on Wednesday introduced legislation that would compel the president to obtain congressional approval before imposing Section 232 tariffs.
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SAGARPA
Cuenta México con protocolos sanitarios para importar carne de cerdo de 10 países
June 5 , 2018
La Secretaría de Agricultura, Ganadería, Desarrollo Rural, Pesca y Alimentación (SAGARPA) emitió un comunicado a los industriales de la carne en México a fin de considerar otros abastecedores de cárnicos de cerdo, en virtud de los aranceles que pudiera aplicar el Gobierno Mexicano al producto proveniente de los Estados Unidos.
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El Economista
“El diálogo bilateral es útil, pero el TLCAN es trinacional”
June 5 , 2018
La negociación ministerial podría entrar en una pausa las próximas semanas hasta desvelarse el resultado de la elección presidencial en México, admitió el titular de Economía.
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World Trade Online
Kudlow: Trump's 'preference now' is separate deals with Canada, Mexico
June 5 , 2018
White House economic adviser Larry Kudlow said on Tuesday that President Trump told him to announce a preference for separate trade deals with Canada and Mexico instead of a new NAFTA.
Kudlow, appearing on Fox News, also said Trump would not withdraw from NAFTA – “he's just going to try a different approach.”
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World Trade Online
Business Roundtable says White House continues to 'reject' trade advice
June 6 , 2018
Business Roundtable leaders on Tuesday said the Trump administration continues to reject advice from the business community and decried the decision to levy Section 232 tariffs as anathema to the president's campaign promises.
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World Trade Online
U.S. won't grant 232 product exclusions for countries with quota deals
June 6 , 2018
The Commerce Department will consider Section 232 product exclusion requests only from countries facing steel and aluminum tariffs, leaving those with quota deals unable to gain exemptions for products that are key to some U.S. businesses, sources told Inside U.S. Trade.
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Wall Street Journal
As Tariff Spat Heats Up, U.S. Farmers Face Tighter Markets
June 6 , 2018
U.S. farmers, already losing sales to China, are facing new threats to sales in other big overseas markets as trade tensions spread globally.
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Secretaría de Economía
México iniciará un proceso de Solución de Controversias contra EE.UU. ante la OMC por las medidas contra el acero y aluminio mexicano
June 4 , 2018
En respuesta a las medidas que Estados Unidos de América (EE.UU.) aplicó a las exportaciones de acero y aluminio mexicanas, nuestro país anuncia que iniciará un proceso de Solución de Controversias al amparo de la Organización Mundial del Comercio (OMC).
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World Trade Online
OECD trade ministers roiled by U.S. decision to impose Section 232 duties
June2 , 2018
The U.S. decision to hit close allies with steel and aluminum tariffs roiled trade officials gathered here for the Organization for Economic Cooperation and Development’s annual ministerial, dampening hopes for rapprochement even as the U.S engaged with the European Union and Japan on solutions to combat overcapacity.
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The Hill
Trump defends policies: US must be 'treated fairly' on trade
June2 , 2018
President Trump defended his decision this week to enforce steep tariffs on key U.S. trade allies by saying “stupid trade” is not free trade.
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The Wall Street Journal
Trump and Trudeau Spar as U.S.-Canada Ties Sour Over Tariffs
June2 , 2018
Trade tensions between the U.S. and Canada escalated Friday after Prime Minister Justin Trudeau rebuked the White House’s metals tariffs and President Donald Trump disparaged Canada’s “highly restrictive” agricultural trade policies on Twitter.
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The Wall Street Journal
Trump Raises Prospect of Separate Trade Deals With Canada, Mexico
June1 , 2018
President Donald Trump on Friday raised the prospect of separate trade deals with Canada and Mexico—rather than the existing North American Free Trade Agreement—arguing that they are “two very different countries.”
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The Wall Street Journal
Trump Adviser Kudlow Defends Tariffs on Canada, Likens Fight to Family Feud
June1 , 2018
President Donald Trump’s top economic adviser on Sunday said higher tariffs on Canadian steel and aluminum imports would be put in place despite Canadian protests that they undermine the close relationship between the two North American allies.
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Financial Times
Justin Trudeau’s charm is lost on Trump as US imposes tariffs
June1 , 2018
Ever since the 2016 US election, Justin Trudeau has dealt with the new-found political volatility to Canada’s south by exporting charm, wooing Donald Trump and his family and deploying aides to strengthen relationships with the American business community and Congress.
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World Trade Online
USTR advisory group backs TPA extension, calls for new procedures for trade deal withdrawals
June1 , 2018
Most members of the Advisory Committee for Trade Policy and Negotiations have endorsed a three-year extension of Trade Promotion Authority, but they have also recommended that new steps be required before the president can withdraw from a trade agreement, according to a copy of the panel's new report to Congress obtained by Inside U.S. Trade.
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Bloomberg
Trudeau Says Pence Insisted on Nafta Sunset for a Trump Meeting
June1 , 2018
Justin Trudeau said a planned meeting with U.S. President Donald Trump to potentially seal a Nafta deal collapsed after Mike Pence called and insisted the meeting was conditional on adding a sunset clause
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Wall Street Journal
U.S. Tariff Moves Jolt Nafta Talks
June1 , 2018
The Trump administration’s decision to impose steel and aluminum tariffs against allies Canada and Mexico throws the latest wrench into talks to renegotiate the North American Free Trade Agreement, which started last year and had already hit roadblocks in May.
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Wall Street Journal
U.S. Tariffs Prompt Anger, Retaliation From Trade Allies
June1 , 2018
The Trump administration raised the prospect of a global trade war by imposing tariffs on imports from the closest U.S. neighbors and allies, who swiftly pledged to retaliate with duties of their own.
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Financial Times
Steel, aluminium stocks rise, packaged food companies fall on trade war fears
June1 , 2018
The fallout from fears of a trade war between the US and some of its key allies was on display in the share price moves of US steel and aluminium stocks, food groups and the currency market.
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World Trade Online
OECD trade ministers roiled by U.S. decision to impose Section 232 duties
June1 , 2018
The U.S. decision to hit close allies with steel and aluminum tariffs roiled trade officials gathered here for the Organization for Economic Cooperation and Development’s annual ministerial, dampening hopes for rapprochement even as the U.S engaged with the European Union and Japan on solutions to combat overcapacity.
