Issue 112 | Nov. 18, 2019
Trump says China Trade Deal 'Close' But Dashes Hopes for Signing Details

In a recent speech in New York, President Trump hinted at an initial trade deal with China soon. The U.S. has still not announced the timing of official signing around this deal. Markets had been on edge leading up to the speech in high anticipation of a major policy announcement. President Trump also criticized the Federal Reserve's monetary policy decisions, saying he would prefer negative interest rates for the U.S. Read more
 
Trump Says He Again Wants $100 Billion Trade Deal With Turkey

President Donald Trump discussed a trade deal with Turkey's President Recep Tayyip Erdogan during a White House meeting on Nov. 13. The deal could expand trade "very significantly" between the two countries, from about $20 billion to as much as $100 billion, Trump said. He called Erdogan, a pariah in much of Washington after his military offensive into Kurdish-held territory in Syria last month, a "good friend." Read more
 
Australia and Others Ask for Brexit Trade Compensation

Countries including Australia have asked for trade compensation from the UK and the EU over Brexit disruption. Fifteen countries, including the U.S., India and New Zealand, have been setting out Brexit concerns at a World Trade Organization (WTO) meeting in Geneva. Read more
 
Lower Anti-Subsidy Duties on Steel Plates from South Korea
On November 8, the U.S. Court of International Trade affirmed certain imports of steel plate from South Korea will face lower anti-subsidy duties. These plates are used in a variety of ways, including bridgework, light poles, agriculture equipment, construction, mining, transportation and more. U.S. duties on carbon and alloy plate from South Korea remain. Read more
 
No Appeal Granted for Organic Chemicals Importer

The Federal Circuit has denied an appeal made by Industrial Chemicals Inc. to escape duties on organic chemicals. This India-based company claimed the U.S. Customs and Border Protection denied the company's duty free treatment under the Generalized System of Preferences (GSP).The ruling is said to be because the company missed the deadline to request duty-free trade. Read more
 
Apps' Data Collection Security in China

China's Ministry of Information and Industry Technology (MIIT) is attempting to correct data collection policies that break Chinese Law. This initiative began in January, but recently China has furthered its security. Penalties of noncompliance include blacklisting and public naming. Foreign and domestic app companies have until November 10 to self-assess policies. Read more
 
California on the Global Stage
Wednesday, Nov. 20
 
Join the Global Initiatives Council to hear from Bud Colligan, senior adviser for international affairs and trade at the Governor's Office of Business and Economic Development, as he discusses California's strategy to expand international trade and investment opportunities. RSVP here. 
 
Compiled by Center for Global Trade & Foreign Investment intern Serena Allen.

For more information, contact Jasmin Sakai-Gonzalez, 213.580.7569.