The European Union is making adjustments to its safeguards on steel products implemented in July 2018 in response to U.S. Section 232 tariffs, the European Commission said in a Sept. 27 press release.
U.S. exporters say they are increasingly losing market share in China to European and Japanese companies as the trade war drags on, panelists said during a discussion at a Center for Strategic and International Studies event on Sept. 25. Some U.S. companies are also losing out on Chinese license approvals as foreign competitors get to skip the line, one trade lawyer said.
In the Sept. 26 edition of the Official Journal of the European Union the following trade-related notices were posted:
A top South Korean official asked a State Department official to continue to help with South Korea’s ongoing trade dispute with Japan, saying during the United Nations General Assembly that the U.S. should “continue to play a role” in the negotiations.
China’s Foreign Ministry criticized the passage of a bill in a House committee that could change Hong Kong’s special status in customs and export controls. The bill, the Hong Kong Human Rights and Democracy Act (see 1909250053), would also require the Trump administration to assess whether Hong Kong is “adequately” enforcing U.S. export control and sanctions regulations.
China criticized the U.S.’s decision to sanction Chinese companies and people for transferring oil from Iran, saying it will take “necessary measures” if the sanctions are not revoked. “We strongly urge the U.S. to immediately correct its wrongdoing,” a China Foreign Ministry spokesperson said during a Sept. 26 press conference, according to a transcript in English released by the Chinese Embassy in Washington. “China has taken and will continue to take necessary measures to safeguard the legal rights and interests of its businesses.”
Rep. Henry Cuellar, D-Texas, wants to ratify NAFTA 2.0, and believes the House will vote to do so in November or December. But in a speech Sept. 26 at the American Security Project, he told Mexican diplomats in the audience that they need to add more money to their labor budget.
Two U.S. dairy industry associations thanked the Trump administration for signing an initial trade deal with Japan but cautioned that more work has to be done to appease the industry.
While U.S. authorities have not released any details on U.S. tariff reductions for Japanese imports, even to stakeholders, a press release from Japan's Economy, Ministry and Industry describes the reductions, which will add up to tens of millions of dollars annually.
The Treasury’s Office of Foreign Assets Control sanctioned one entity, three people and five ships for evading U.S. sanctions and delivering jet fuel to Russian forces in Syria, Treasury said Sept. 26.