The former lead negotiator for the Trans-Pacific Partnership, after a close examination of the joint statements from the latest Indo-Pacific Economic Framework negotiating session, said the "substantial conclusion" of the supply chain pillar is less than meets the eye.
U.S. Trade Representative Katherine Tai said she and Australia’s Trade Minister Don Farrell, meeting on the margins of the Asia-Pacific Economic Cooperation trade ministers' meeting, agreed the negotiations on the trade pillar of the Indo-Pacific Economic Framework for Prosperity have been constructive.
U.S. Trade Representative Katherine Tai brought up China's nonmarket approach to trade, and how it causes "critical imbalances," according to a readout of her May 26 meeting with Chinese Commerce Minister Wang Wentao.
World Trade Organization members negatively affected by national security-related trade restrictions may be able to impose retaliatory measures as a way to address the U.S. gripe with the body's review of national security issues, former Office of the U.S. Trade Representative counsel Warren Maruyama and former WTO deputy director-general Alan Wolff said. In a working paper released by the Peterson Institute for International Economics, Maruyama and Wolff propose a compromise to the U.S. position that national security claims are nonreviewable.
Members of both the House of Representatives and the Senate introduced the Safeguarding American Value-Added Exports (SAVE) Act, which will amend the Agriculture Trade Act of 1978 to "include and define a list of common names for ag commodities, food products, and terms used in marketing and packaging of products," Rep. Dusty Johnson, R-S.D., announced in a press release last week. In addition, SAVE also will direct the secretary of agriculture and the U.S. trade representative to negotiate with "our foreign trading partners to defend the right to use common names for ag commodities in those same foreign markets," the press release said.
The U.S. and Taiwan completed five chapters of a trade agreement similar to the issues under discussion in the Indo-Pacific Economic Framework, the U.S. announced late May 18.
Both outbound and a new approach for the Committee for Foreign Investment in the U.S. drew attention at a recent hearing of the House Select Committee on the Chinese Communist Party, and the chairman of the committee suggested that limiting investment screening to active investors, such as venture capital firms, is not enough.
Former chief agricultural negotiator for the Office of the U.S. Trade Representative Gregg Doud called for the use of the new enforcement mechanism in the USMCA during a House Agriculture Committee hearing May 11.
A bipartisan group of lawmakers this week reintroduced a bill that could establish an outbound investment screening regime to prevent China and others from illegally acquiring sensitive U.S. technology.
The U.S. readout of the meeting between U.S. Trade Representative Katherine Tai and Canada's trade minister, Mary Ng, mentioned Canada's proposed digital services tax. "Ambassador Tai expressed her hope that the United States and Canada could work together on this issue that could unfairly impact U.S. businesses," it said.