President Donald Trump's tariffs will last beyond his term in office, former Commerce Secretary Gina Raimondo predicted during a Nov. 19 event hosted by Bloomberg.
United Autoworkers labor union members from John Deere and Caterpillar visited the Commerce Department last week, asking the agency to launch a Section 232 investigation on imports of heavy machinery and equipment.
Though the future of USMCA is unclear, the U.S., Mexico and Canada are too interdependent for the Trump administration to abandon free trade in the continent, according to experts speaking at a Nov. 14 event hosted by the Quincy Institute.
The Trump administration is hindering its stated objectives by holding the USMCA trade agreement hostage and trying to reshape the agreement during the review process, according to experts speaking at a Washington International Trade Association event.
House Ways and Means Committee member Rep. Jodey Arrington, R-Texas, introduced a bill that would either require the Office of the U.S. Trade Representative to seek a dispute settlement panel over Mexican energy policies, or to make compliance with USMCA in energy a condition of continuing a pact.
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The Coalition for a Prosperous America, whose first CEO joined the Office of Management and Budget as associate director for economic policy (see 2502240005), is calling for replacing USMCA with two bilateral trade agreements. The CPA submitted comments for the USMCA six-year review.
The U.S. is likely to commit to a full renegotiation of USMCA during the trade pact's upcoming sunset review and could even abandon the trilateral agreement in favor of individual ones, according to Miguel Messmacher, former chief economist at the Ministry of Finance of Mexico.
The Office of the U.S. Trade Representative has rescheduled a public hearing on how USMCA has been working to Dec. 3 through Dec. 5. Each day will begin at 9 a.m. at the International Trade Commission's main hearing room. The hearing was originally scheduled for Nov. 17.
NEW YORK -- Although the president's obsession with domestic manufacturing doesn't extend to apparel, there are no signs the administration will adjust tariff policy to make clothing imports more affordable, or even adjust rules of origin to privilege nearshoring, an old Washington hand told the U.S. Fashion Industry Association annual conference audience.