A port fee regime announced earlier this month by the Office of the U.S. Trade Representative could lead to costs upward of $1.25 million per voyage to the U.S. for Chinese vessel operators, according to a new analysis by the World Shipping Council.
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The Office of the U.S. Trade Representative has added Mexico to its “priority watch list” of the worst offenders on intellectual property rights, citing concerns related to the country’s implementation of the U.S.-Mexico-Canada Agreement.
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Senate Finance Committee member Elizabeth Warren (D-MA) is pressing Apple CEO Tim Cook for details on a reported behind-the-scenes push to secure exemptions from new U.S. tariffs that would have hiked the cost of products his company sells.
President Trump on Thursday claimed U.S. and Chinese officials met on Thursday morning but declined to offer any details after Chinese officials earlier in the day called reports of trade negotiations “fake news.”
The European Union on Thursday said it will appeal -- via arbitration and not the defunct Appellate Body -- a World Trade Organization dispute panel’s finding that while China was limiting some intellectual property rights of foreign-held companies, its practices did not violate WTO rules.
The U.S. has accepted China’s request for consultations at the World Trade Organization over the Trump administration’s country-specific “reciprocal” and baseline tariffs while also defending the moves as measures related to national security.
U.S. tech exports could drop by $56 billion if countries institute tit-for-tat retaliatory tariffs against President Trump’s “Liberation Day” tariff regime, according to new analysis by the Information Technology and Innovation Foundation.
Chinese Foreign Minister Wang Yi this week raised what he calls “arbitrary” tariffs imposed by the U.S. in talks with his British and Austrian counterparts, urging European countries to help Beijing defend the rules-based international order.