The Joe Biden transition teams have been announced. The team that is communicating with the Office of the U.S. Trade Representative, the International Trade Commission and the U.S. Trade and Development Agency includes Democratic alumni; experts on trade, industrial policy and currency flows; and union critics of past free trade policy. The teams “are responsible for understanding the operations of each agency, ensuring a smooth transfer of power, and preparing for President-elect Biden and Vice President-elect [Kamala] Harris and their [C]abinet to hit the ground running on Day One,” the announcement said.
The European Union will officially increase tariffs Nov. 10 on about $4 billion in U.S. goods due to past tax breaks for Boeing, the European Commission said Nov. 9. The World Trade Organization in October granted the EU permission (see 2010130029) to levy the tariffs, which were also endorsed by WTO members (see 2010280047).
The World Trade Organization announced on Nov. 6 that a planned meeting for Nov. 9 to choose the next director-general for the organization will be postponed until further notice. “It has come to my attention that for reasons including the health situation and current events, delegations will not be in a position to take a formal decision on 9 November,” Ambassador David Walker, chair of the general council, said. The U.S. has opposed Ngozi Okonjo-Iweala, the candidate most likely to win consensus (see 2010280051), as the Office of U.S. Trade Representative says the WTO needs someone with trade experience. Okonjo-Iweala is an economist with experience at the World Bank and nonprofits, as well as government service (see 2010290030).
Senate Finance Committee Chairman Chuck Grassley, R-Iowa, said a renewal of the Generalized System of Preferences benefits program could happen either by packaging the bill with an omnibus spending bill, or, if Congress just passes another temporary spending bill, by attachment to a tax extenders bill.
The U.S. supports South Korea's Trade Minister Yoo Myung-hee rather than the Nigerian candidate for director-general, even though the latter has more support, because the World Trade Organization “must be led with someone with real, hands-on experience in the field,” the Office of the U.S. Trade Representative said in an Oct. 28 statement, saying “the WTO is badly in need of major reform,” and that Yoo is a “bona fide trade expert.”
The World Trade Organization member countries cleared the way for the European Union to impose tariffs on $4 billion worth of U.S. exports because of past tax breaks for the Boeing Company. In the EU's Oct. 26 response to the development, Trade Commissioner Valdis Dombrovskis reiterated that the EU would prefer a settlement that drops tariffs on EU goods rather than imposing tariffs on U.S. exports. “The European Commission is preparing the countermeasures, in close consultation with our Member States. As I have made clear all along, our preferred outcome is a negotiated settlement with the U.S. To that end, we continue to engage intensively with our American counterparts, and I am in regular contact with U.S. Trade Representative Robert E. Lighthizer,” he said in the release.
China has met 71% of its 2020 purchase goals for U.S. agricultural commodities under the phase one trade deal, the Office of the U.S. Trade Representative and the U.S. Department of Agriculture said in an “interim report.” The Oct. 23 report, released 11 days before the election, said the U.S. is on track for its “best year ever in sales to China.”
Joseph Barloon, general counsel for the Office of the U.S. Trade Representative and acting deputy USTR, was nominated by the White House to be a judge on the Court of International Trade. Before joining USTR, Barloon was a partner at Skadden Arps.
The U.S. Department of Agriculture and the Office of the U.S. Trade Representative are accepting applications for new members to serve four-year terms on seven agricultural trade advisory committees, the agencies said Oct. 15. The available committees include the Agricultural Policy Advisory Committee -- which advises USDA and USTR on existing trade agreements and negotiating new ones -- and Agricultural Technical Advisory Committees on the following commodity sectors: animals and animal products; fruits and vegetables; grains, feed and planting seeds; processed foods; sweeteners and sweetener products; and tobacco, cotton and peanuts. Applicants must be U.S. citizens and have “significant expertise” in both agricultural and international trade matters. Applications are due by 5 p.m. EST on Nov. 13.
The U.S. should sign a trade deal with Taiwan and increase cooperation on export controls, similar to U.S. partnerships with Japan and Australia, Asia experts at the Center for Strategic and International Studies said. Increased collaboration with Taiwan has strong support from Congress and the Taiwanese government, the experts said, and would make sense as the U.S. welcomes manufacturing and investment from Taiwan.