The International Trade Commission will analyze the export competitiveness of Bangladesh, Cambodia, Indonesia, Pakistan and India, after a request from the U.S. trade representative. She asked the commission to track the apparel market shares of each of those countries in 2013, 2018 and 2023, and to describe the changing patterns in those market shares, including against other top suppliers of apparel.
Both Asian countries and American businesses had hoped that the Indo-Pacific Economic Framework could be a step on the road to lowering tariffs, trade experts said during a webinar on the future of IPEF, but now they're wondering if there will be any economically significant effect at all from talks about trade facilitation, green transition and supply chain resilience.
India and the U.S. should aim for "economically meaningful outcomes" from better customs and trade facilitation, supply chain linkages, trade in high-tech products and trade in critical minerals between the two countries, India's commerce minister and U.S. Trade Representative Katherine Tai said in a joint statement.
Australia's tariff rate quota limits for 2024 for beef, dairy products, avocados, peanuts and tobacco were announced by the Office of the U.S. Trade Representative in a Federal Register notice released Jan. 8.