The United Kingdom is now set to leave the European Union on Jan. 31 under the terms of a recently re-negotiated transition deal, after Prime Minister Boris Johnson won a resounding victory in elections held Dec. 12. Now holding a 365-seat majority to Labour’s 203 seats and the Scottish National Party’s 48, Johnson plans to hold a vote Dec. 20 on his Brexit deal, which is likely to pass, according to reports from the BBC and The Guardian.
House Speaker Nancy Pelosi and Ways and Means Chairman Richard Neal announced that they have reached a deal with the Trump administration on changes to the new U.S.-Mexico-Canada Agreement. They called the changes they won over the last six months a victory for workers. They did not share many details of how the environmental, labor, enforcement and biologics provisions changed, but said the text would be shared before votes in the House of Representatives.
The Commerce Department renewed the temporary general license for Huawei and 114 of its non-U.S. affiliates until Feb. 16. The renewal is effective immediately and is the license’s second extension since it was issued in May. The license authorizes certain specific activities and transactions, including those related to existing network operations of mobile services, despite Huawei's addition to the Entity List.
President Donald Trump said he will soon authorize “powerful” sanctions against Turkey for its recent military actions in Syria. The sanctions will target former and current Turkish government officials and anyone contributing to Turkey’s actions, Trump said, adding that the U.S. will also “immediately stop” negotiating a trade deal with Turkey.
Japan will eliminate or reduce tariffs on $7.2 billion of U.S. food and agriculture exports under a mini-deal with the country that the administration says replicates the agricultural access the U.S. would have received if it had joined the Trans Pacific Partnership. The U.S. Trade Representative announced the deal without saying when the agreement will come into effect. It does not require a vote of Congress to be ratified.
China's Customs Tariff Commission of the State Council will add agricultural products such as soybeans and pork to its list of tariff exemptions of U.S. goods, according to a report from Xinhua, China’s state-run news agency. China also said it “supports" companies buying a “certain amount of U.S. farm produce” but did not specify the amount, according to the report.
China released the first batch of tariff exemptions for U.S. goods, which include exemptions for shrimp, fish meal, lubricants and more, according to an unofficial translation of a Ministry of Finance press release. The exemptions will take effect Sept. 17 and last until Sept. 16, 2020, China said. China said it will publish more exemptions in “due course.”
China will impose tariffs on about $75 billion worth of U.S. goods in retaliation for the coming 10 percent Section 301 tariffs on $300 billion in Chinese goods, China’s State Council said, according to an unofficial translation. China said it will impose either 10 percent or 5 percent tariffs on more than 5,000 U.S. products. The tariffs will be imposed in two separate batches on Sep. 1 and Dec. 15, China said.
The Bureau of Industry and Security renewed the temporary general license for Huawei and added 46 more of Huawei’s non-U.S. affiliates to the Entity List. The changes, which take effect Aug. 19, extend the general license’s expiration date from Aug. 19 to Nov. 18 and make several other technical changes to entries on the Entity List, including adding new aliases and addresses.
President Donald Trump said the U.S. is “not going to do business with Huawei” despite Commerce officials telling U.S. companies in July the agency was planning to be more lenient on Huawei-related export license applications. “We’re not going to do business with Huawei. We’re not doing business with them. And I really made the decision," Trump said while speaking to reporters Aug. 9. "It's much simpler not to do any business with Huawei, so we're not doing business with Huawei."