Former U.S. trade representatives Carla Hills, Susan Schwab and Michael Froman said the next director-general of the World Trade Organization will have an uphill climb to achieve changes they all believe are needed at the institution. The three spoke during a Washington International Trade Association webinar July 16. Froman said the fundamental problem is “a lack of global consensus around trade. And there’s a lack of political will to get things done.”
U.S. Trade Representative (USTR)
The U.S. cabinet level position that oversees trade negotiations with other countries. USTR is part of the Executive Office of the President. It also administers Section 301 tariffs.
The U.S. and Japan expanded their organic trade arrangement to include livestock products, the Office of the U.S. Trade Representative said July 14. The move will reduce costs and streamline processes for U.S. exporters involved in organic livestock supply chains by requiring only one organic certification, the USTR said.
The U.S. is considering providing relief to U.S. lobster exporters hit by Chinese retaliatory tariffs and will more closely examine whether China is meeting its seafood purchase commitments under the phase one trade deal. The White House said June 24 it may provide aid to the seafood industry for China’s “unjust retaliatory tariffs,” and President Donald Trump directed the Office of the U.S. Trade Representative to submit monthly reports on Chinese seafood purchases and the value of lobster exports to China.
Any future Section 301 exclusion renewals will only last until the end of the year, U.S. Trade Representative Robert Lighthizer told the House Ways and Means Committee as he testified June 17 about the administration's trade agenda, adding that “they will decide what happens after that.”
Reports that China would be slowing or stopping its purchases of soybeans because of U.S. action over Hong Kong (see 2006010044) are inaccurate, U.S. Trade Representative Robert Lighthizer said. Lighthizer, who was speaking to the Economic Club of New York, Washington and Chicago by video on June 4, said China made $185 million worth of U.S. soybean purchases since that story was published. He said that coverage of the trade agreement frequently focuses on the purchase promises and neglects the structural reforms that were pledged, but that both tracks have been going well in the three months since the deal went into effect. “You’ll know what the score is before too long,” he said.
Outsourcing wasn't about competitive advantage, U.S. Trade Representative Robert Lighthizer said during an interview with conservative lobbyist Matt Schlapp, in a video branded Conservative Political Action Conference/Live. He said that while the Trump administration believes in competitive advantage, classic economists “never thought of the notion they can create scale through economic nationalism and gain advantage over another country.”
The United States notified the World Trade Organization that it has fully complied with the WTO's findings in the Boeing subsidies dispute, the Office of the U.S. Trade Representative said May 6. The European Union and U.S. have been battling for 15 years over whose subsidies to their aircraft manufacturers distort trade. The WTO has said that both sides were in the wrong, and the U.S. currently has Section 301 tariffs on about $7.5 billion worth of European aircraft, food, apparel, linens, tools, wine and spirits in a WTO-sanctioned retaliation for past Airbus subsidies.
The U.S. and United Kingdom will begin virtually negotiating a trade deal this week, U.K. Trade Secretary Elizabeth Truss said. The talks, which have been expected for months (see 2002190021, 2003020061 and 2001280042), will start through video conferences, the Office of the U.S. Trade Representative told Politico May 3, and will be held remotely until international travel resumes. In a May 3 tweet, Truss said the U.K. will “be working to bring benefits to all parts of [the U.K.] and boost our economies during #coronavirus recovery.” The USTR did not comment.
High-level Office of the U.S. Trade Representative and senior Brazilian officials agreed April 16 to “accelerate ongoing trade dialogue under the Brazil-U.S. Commission on Economic and Trade Relations (ATEC) with a view to concluding in 2020 an agreement on trade rules and transparency, including trade facilitation and good regulatory practices,” USTR said in a statement issued the following day. “They also agreed to engage in domestic consultations, consistent with each country’s domestic procedures, to solicit input on how best to expand trade and develop the bilateral economic relationship,” the statement said.
The U.S. trade representative and Brazil's Foreign Affairs minister discussed ways to deepen discussions under the Agreement on Trade and Economic Cooperation, the Office of the U.S. Trade Representative said April 10. Another call is to take place next week, to both flesh out areas of agreement and tackle irritants. USTR will consult with Congress, as well, on “how best to expand trade and develop our economic relationship.”