Issue 104 | Feb. 15, 2019
Grassley urges lifting metals tariffs on Canada and Mexico
The top Republican overseeing trade policy in the Senate is warning the Trump administration that it needs to lift steel and aluminum tariffs on Canada and Mexico if it wants NAFTA 2.0 to be approved in any of the three North American countries. Grassley called the metals duties the "biggest impediment" to getting the U.S.-Mexico-Canada trade agreement passed.  Read more
 
Manufacturers advocate lawmakers oppose Toomey tariff bill
 
A leading coalition representing union groups and steel companies is pressing lawmakers to vote against what it calls "misguided" legislation that seeks to rein in President Donald Trump's unilateral authority to impose tariffs. The bill (S. 287), proposed by Sen. Pat Toomey (R-Pa.) and Rep. Mike Gallagher (R-Wis.), would require Congress to approve any national security duties before they could take effect and would apply retroactively to any tariffs imposed in the past four years. Alliance for American Manufacturing President Scott Paul says the bill "effectively eliminates" the trade tool that allows a U.S. president to impose tariffs for national security reasons "while offering no alternative solutions." Read more
 
U.S.-India officials to address medical devices dispute
U.S. medical device prices could be a sticking point as Trump administration officials arrive in India for trade talks this week after reportedly threatening to withdraw $5.6 billion in tariff benefits. The U.S. wants India to follow through on promises to ease strict price controls on medical devices. Getting a deal on what was already seen as a tough issue became even tougher when the Trump administration reportedly threatened to end preferential duty-free entry on $5.6 billion in Indian goods, which account for 11.1 percent of all Indian exports to the U.S., according to the latest data from the U.S. Census Bureau. Read more
 
'So far, so good,' Mnuchin says of trade talks in China
U.S. Treasury Secretary Steven Mnuchin said talks with China went well on Wednesday, as the two countries seek to hammer out an agreement amid a festering trade dispute. Mnuchin said earlier he hopes for "productive" trade meetings in China this week. U.S. tariffs on $200 billion worth of imports from China are scheduled to rise to 25 percent from 10 percent if the two sides cannot reach a deal by a March 1 deadline, increasing pain and costs in sectors from consumer electronics to agriculture. Read more
 
New NAFTA is threatened by partisan split over enforcement

A sharp divide between Democrats and the Trump administration over how to enforce trade rules is threatening to delay or derail a congressional vote on a new version of the North American Free Trade Agreement (NAFTA). Democrats want the administration to add provisions to last year's pact with Canada and Mexico that will ensure Mexico enforces environmental protections and allows its workers to form unions freely. Read more
 
Sen. Rubio: The U.S. has no industrial policy to counter China Made in 2025
It seems that China is the biggest ideological and geopolitical threat facing the U.S -- not ISIS, the Russians (though they come in a close second) or the Iranians (third), according to the 2019 Worldwide Threat Assessment report. On Tuesday, Sen. Marco Rubio released an 80-page report on China's stellar rise up the economic food chain that warns of negative outcomes if the U.S. does not act. The report covers potential policy responses and challenges to Beijing's Made in 2025 program, which promises to make China the next Silicon Valley and surely Asia's tech powerhouse. Read more
Trends in Global Logistics
March 20, 2019
 
Join the Global Initiatives Council to hear from John McLaurin, president of the Pacific Merchant Shipping Association, as he sheds light on consolidation trends in the shipping industry in response to the challenges presented by the global economic and political environment. RSVP here.
 
Compiled by Center for Global Trade & Foreign Investment interns James Benjamin Schiffbauer and Changyue Ma.
For more information, contact Jasmin Sakai-Gonzalez, 213.580.7569.