Each month DTB Associates curates select world trade news and provides important insights to their clients. If you are interested in learning more, send us an email at email@example.com.
This Month's Headlines
The U.S. and China announced a limited “phase one” agreement that could reduce trade tensions and provide some relief to farmers. Reportedly, the U.S. will postpone tariff increases while China will ramp up purchases of U.S. farm goods and make other changes.
The House Ways and Means chairman said that Democrats are “really close” to reaching an agreement on USMCA, pending a compromise on the Democrats’ four primary concerns: labor, environment, drug pricing, and enforcement.
The October 31 Brexit deadline came and went despite a new compromise deal negotiated between British Prime Minister Boris Johnson and counterparts in Brussels. The EU granted a three-month extension, during which time the UK will hold a general election, after which there will be a new vote on Johnson’s deal.
Trade policy briefly made an appearance in the impeachment inquiry after it came out that USTR dropped a planned recommendation to restore trade benefits to Ukraine after then-national security advisor John Bolton told him President Trump would oppose the move.
The WTO authorized U.S. tariffs on up to $7.5 billion worth of EU goods in retaliation for illegal subsidies for Airbus. A case challenging U.S. subsidies to Boeing could result in new EU tariffs next year.