Issue 101 | Nov. 21, 2018
After 'excellent' meeting with USTR, Pascrell weighs prospects for USMCA

After speaking with U.S. Trade Representative Robert Lighthizer on Thursday, Rep. Bill Pascrell (D-NJ) said the two were on the same page on changes that must be made for the U.S.-Mexico-Canada Agreement to receive support from Democrats. "It was excellent -- we mostly talked about NAFTA and our procedures and the time element -- the time factor," Pascrell told Inside U.S. Trade. Read more
 
Sen. Sullivan: U.S.-China problems will not be solved at G20 summit

U.S. concerns with China will not be solved at the G20 summit in Argentina -- or even in the next decade, Sen. Dan Sullivan (R-AK) said this week, contending that what he called "promise fatigue" with Beijing would extend far beyond the Trump administration. "This isn't going to go away with one trade deal," he told Inside U.S. Trade on Wednesday. "This isn't going to go away for 25 years, and the reciprocity issue that the president keeps harping on in my view is exactly the right area of focus." Read more
 
Bipartisan group of senators lauds prospects for U.S.-U.K. trade deal
 
A bipartisan group of 19 senators this week commended the Trump administration for its attempts to strike a trade agreement with the United Kingdom. Last month, U.S. Trade Representative Robert Lighthizer notified Congress of the Trump administration's intent to begin trade talks with the U.K. The Office of the United States Trade Representative is required to notify Congress 90 days before it enters into free trade agreement negotiations. The U.K., however, cannot negotiate a free trade deal until it leaves the EU, which is set to happen at the end of March 2019. Read more
 
EU to circulate revised WTO proposal at G20 meeting
 
European Trade Commissioner Cecilia Malmstroem said she plans to introduce a revised proposal to reform the World Trade Organization during the Group of 20 Leaders' Summit at the end of the month. "The European Union is firmly committed to try to do everything to save the system; to get out of the crisis; to reform the system in a deep and comprehensive way," Malmstroem said at an event in Paris hosted by the French Ministry of Economy and Finances. Read more
 
European governments bewildered by U.K.'s Brexit turmoil

As the British government convulses over Theresa May's Brexit deal, its negotiating partners in Europe are watching with bewilderment and anxiety, tempered by a flickering hope that the U.K. Parliament might yet decide the pain of Brexit isn't worth it. European Council President Donald Tusk voiced that hope on Thursday when he said the European Union is prepared for a quick deal or no deal at all but is "best prepared for a no-Brexit scenario." Read more
 
U.S. envoy to Japan defends trade policies, say not protectionist
 
Trump has asserted that Japan treats the United States unfairly by shipping millions of autos to North America while blocking imports of U.S. autos and farm products. But Japan says its markets for manufactured goods are open, though it does protect politically sensitive farm products. The United States ambassador to Japan defended his country's trade policies on Friday, saying they were not protectionist and were aimed at creating a more level playing field for American companies. "The United States is the most open major economy in the world," Ambassador William Hagerty told reporters at the Japan National Press Club. Read more
 
Compiled by the Center for Global Trade & Foreign Investment

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