U.S. Trade Representative Katherine Tai said that after her first visit to Brazil, she was struck by "a lot of synergies between the United States and Brazil." She said it also got her "thinking about ourselves as the product of an earlier version of globalization -- the colonial/imperial project."
USMCA
The U.S.-Mexico-Canada agreement is a free trade agreement between the three countries, also known as CUSMA in Canada and T-MEC in Mexico. Replacing the North American Free Trade Agreement (NAFTA) in 2020, the agreement contains a unique sunset provision where, after six years (in 2026), any of the three parties may decide not to continue the agreement in its current form and begin a period of up to 10 years where USMCA provisions may be renegotiated.
Almost five months have passed since the U.S. learned it lost its case under USMCA, and that, in order to be faithful to what it negotiated, it must allow automotive producers to use roll-up methodologies to meet regional content thresholds for core parts. The U.S. was supposed to resolve the dispute within 45 days, but has not done so.
Canadian Trade Minister Mary Ng said that Canada and its partners in NAFTA 2.0 will not be caught unawares when it's time for the sunset review in 2026. She said that she and her counterparts in Mexico and the U.S. will be taking stock of how the agreement is working in July.
A listing of recent Commerce Department antidumping and countervailing duty messages posted to CBP's website April 28, along with the case number(s) and CBP message number, is provided below. The messages are available by searching for the listed CBP message number at CBP's ADCVD Search page.
NEW ORLEANS -- While a CBP pilot on pipeline imports may not at first glance have relevance for many importers, the ramifications of the pilot could have wide-ranging effects for importers and customs brokers as CBP applies any lessons learned to its development of ACE 2.0, according to Amy Magnus of A.N. Deringer.
Changes to the de minimis statute, whether excluding China or changing the threshold, have gotten the most attention in Congress of any possible customs legislative change, but CBP says its 21st Century Customs Framework will not touch the issue.
At a House Ways and Means Trade Subcommittee hearing, Democrats talked up their legislative proposals -- two bipartisan, two not -- as answers to confronting China's trade agenda, and expressed skepticism of witnesses' advocacy for ending permanent normal trade relations with China, while some Republicans expressed interest in that approach, and one seemed cautious.
U.S. Trade Representative Katherine Tai said that NAFTA had to be renegotiated because it wasn't good for American, Canadian or Mexican workers. The traditional labor complaint about NAFTA is that Mexico gained jobs at America's expense, but Tai, in a talk at the World Economy Summit hosted by Semafor on April 12, said it wasn't good for Mexican workers "because workers in Mexico did not have the opportunity really to advocate for themselves and better their conditions."
The government subsidies to industry in China only end up supporting jobs, not cornering the market to jack up prices, nor advancing technology, a Carnegie Mellon economy professor argued at an event at George Washington University on China's economy and U.S.-China relations.
Electronic goods with Chinese components such as notebooks, laptops and modems reimported to the U.S after undergoing repairs in Mexico are still subject to Section 301 tariffs on the repairs, even though the repairs are duty free under USMCA, CBP said in a February ruling.