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Highlights of the 17-year Airbus, Boeing trade war
  + stars: | 2021-06-15 | by ( ) www.reuters.com + 0.00   time to read: +7 min
2004The U.S. seeks talks with the EU and Airbus (AIR.PA) host nations Britain, France, Germany and Spain over alleged unfair subsidies via government loans. Washington terminates a 1992 U.S.-EU agreement covering support for Airbus and Boeing (BA.N). 2005The WTO launches twin probes into public support for Boeing and Airbus after bilateral negotiations fail. 2018In May, the WTO again rules that the EU has failed to halt all subsidies to Airbus. 2019In March, the WTO says the United States has again failed to halt subsidized tax breaks to Boeing in Washington state.
Persons: Robert Lighthizer, Andrea Shalal, Tim Hepher, David Evans, Keith Weir, Daniel Wallis Organizations: European Union, Wednesday, planemaker Boeing, Airbus, World Trade Organization, EU, Washington, Boeing, WTO, U.S ., NASA, U.S, United, European Commission, U.S . Trade, Washington State, Thomson Locations: United States, China, Britain, France, Germany, Spain, U.S, EU, Washington, Brussels, Europe
read moreThe European Commission, which oversees EU trade policy, is keen to find a solution by July 11 when a suspension of transatlantic tariffs agreed in March comes to an end. But hurdles remain over the extent to which those conditions could effectively allow the United States to approve or block European projects, they added. read moreThe United States wants a common review of aerospace funding in non-market economies like China, two of the people said. Britain and the United States committed last week to settle the aircraft dispute. A European diplomat said Britain and the EU were broadly aligned in trying to reach a deal with the United States.
Persons: Pascal Rossignol, Katherine Tai, Valdis Dombrovskis, Robert Lighthizer, Washington, Marjorie Chorlins, It's, Brexit Organizations: Airbus, Boeing, 51st Paris Air, REUTERS, European Union, EU, . Trade, European Commission, World Trade Organization, Reuters, U.S . Chamber, Commerce, Washington, Thomson Locations: Le Bourget, Paris, United States, Europe, China, Washington, London, Tuesday's U.S, Britain, United, CHINA, U.S, Beijing, Hungary, Hong Kong, Brussels, EU, European
U.S., Taiwan officials discuss trade, plan meeting 'in coming weeks'-USTR
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
U.S. Trade Representative Katherine Tai testifies before the Senate Finance Committee on Capitol Hill in Washington, U.S., May 12, 2021. Susan Walsh/Pool via REUTERS/File PhotoUnited States Trade Representative Katherine Tai discussed trade and investment issues with Taiwan minister John Deng on Thursday and agreed to convene a meeting of the countries' Trade And Investment Framework Agreement Council "in coming weeks", Tai's office said in a statement. "Ambassador Tai emphasized the importance of the U.S.-Taiwan trade and investment relationship and explained the Biden-Harris administration's worker-centered trade priorities," USTR said. Taiwan has long angled for a free trade deal with the United States, but trade and investment talks between the two have been stalled since the Obama administration. The outcome could affect trade talks with Washington.
Persons: Katherine Tai, Susan Walsh, John Deng, Tai, Harris, USTR, Antony Blinken, Biden, Obama, Barack Obama, Donald Trump's, Robert Lighthizer Organizations: Trade, Senate, Capitol, United States Trade, U.S ., Biden, Reuters, American Institute, Cultural, World Trade Organization, New Zealand, Washington, Thomson Locations: Washington , U.S, Taiwan, U.S, Washington, Beijing, United States, Taipei, China, Singapore, New
Taiwan ‘cautiously optimistic’ on resuming U.S. trade talks, official says
  + stars: | 2021-06-10 | by ( ) www.reuters.com sentiment -0.98   time to read: +2 min
REUTERS/Stephen LamTaiwan is “cautiously optimistic” about resuming stalled high level trade talks with the United States this year, a senior official said on Thursday, after U.S. Secretary of State Antony Blinken signalled a possible resumption. Taiwan has long angled for a free trade deal with the United States, but trade and investment talks between the two have been stalled since the Obama administration. A senior official at Taiwan's Economy Ministry told Reuters they hope to resume the Trade and Investment Framework Agreement(TIFA) talks this year. read moreTIFA talks stalled after former President Barack Obama left office in 2016 and his successor Donald Trump's trade representative, Robert Lighthizer, focused on trade talks with China, the world's second-largest economy. The outcome could affect trade talks with Washington.
Persons: Tsai Ing, Stephen Lam, , Antony Blinken, Biden, Obama, Blinken, Barack Obama, Donald Trump's, Robert Lighthizer Organizations: REUTERS, U.S, Taiwan's Economy Ministry, Reuters, Trade, World Trade Organization, New Zealand, Washington, Thomson Locations: Taiwan, United States, America, Burlingame , California, U.S, Stephen Lam Taiwan, Beijing, China, Singapore, New
Top U.S., Taiwan Trade Officials to Talk as Early as Thursday
  + stars: | 2021-06-09 | by ( Bob Davis | ) www.wsj.com sentiment -0.99   time to read: +1 min
Trade Representative Katherine Tai plans to speak with her Taiwanese counterpart as early as Thursday as the two governments move to restart trade and investment talks that were suspended during the Trump administration, people familiar with the discussion said Wednesday. The Trade and Investment Framework Agreement talks date back to the 1990s. The talks were discontinued under the Trump administration’s trade representative, Robert Lighthizer, who considered Taiwan a mercantilist country that blocked U.S. imports. A spokesman for Taiwan’s representative in the U.S. didn’t immediately respond to a request for comment. A USTR spokesman declined comment on discussions between Ms. Tai and Taiwan’s John Deng.
Persons: Katherine Tai, Trump, Antony Blinkendisclosed, Robert Lighthizer, didn’t, Tai, John Deng Organizations: WASHINGTON —, WASHINGTON — U.S . Trade, Trade, Trump, Beijing Locations: WASHINGTON, WASHINGTON — U.S, Taiwan, Beijing, U.S
Flags of Taiwan and U.S. are placed for a meeting in Taipei, Taiwan March 27, 2018. REUTERS/Tyrone SiuU.S. Secretary of State Antony Blinken on Monday signaled a possible resumption of trade and investment talks with Taiwan stalled since the Obama administration, but gave no indication of any willingness to pursue a full-scale trade pact Taipei has been seeking. At a House Foreign Affairs Committee hearing on the U.S. State Department's annual budget request, Blinken was asked about the Biden administration's position on a bilateral trade agreement with Taiwan. She said the administration had probably not made a decision on whether to take the much larger step of pursuing a bilateral trade agreement with Taiwan, however. TIFA talks stalled after former President Barack Obama left office in 2016 and his successor Donald Trump’s trade representative, Robert Lighthizer, focused on trade talks with China.
Persons: Tyrone Siu, Antony Blinken, Obama, Blinken, Biden, Katherine Tai, Bonnie Glaser, Tai, Glaser, Tsai Ing, TIFA, Barack Obama, Donald Trump’s, Robert Lighthizer Organizations: REUTERS, Tyrone, Taiwan, Foreign, U.S, U.S . State, U.S . Trade Representative, U.S . Trade, German Marshall Fund of, Biden, China, Thomson Locations: Taiwan, U.S, Taipei, Tyrone Siu U.S, U.S ., China, United States, Washington, Britain, Beijing
Janet Yellen and China’s Liu He Speak by Video Call
  + stars: | 2021-06-01 | by ( Lingling Wei | ) www.wsj.com + 0.99   time to read: +1 min
China’s top trade negotiator, Vice Premier Liu He, spoke with U.S. Treasury Secretary Janet Yellen via videoconference in what the U.S. termed an introductory meeting. China’s official Xinhua News Agency reported that the two exchanged views on issues of mutual concern, and expressed a willingness to maintain communications. Both sides agreed to continue communicating, according to a statement by China’s Commerce Ministry after Mr. Liu and Ms. Tai’s conversation. Mr. Liu had negotiated many rounds on trade issues with former Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer during the Trump administration. His call with Ms. Yellen marked the continuation of his role as Beijing’s point man for the U.S.-China economic relations, at least for the near term.
Persons: Liu, Janet Yellen, , Yellen, Katherine Tai, Steven Mnuchin, Robert Lighthizer, Trump Organizations: U.S, Treasury, Xinhua News Agency, Biden, . Trade, China’s Commerce, U.S . Locations: videoconference, China, U.S, ” Xinhua
The former clerks with new jobs at Jones Day are listed below. Zaki Anwar a former clerk for Chief Justice John Roberts has joined Jones Day as an associate in the firm's appeals practice. Joe Falvey, another Roberts alum has joined Jones Day as an associate in the firm's appeals practice. Kelly Holt is joining Jones Day as an associate in the firm's appeals practice. Caroline Lindsay, a former clerk for Justice Clarence Thomas has also joined Jones Day as an associate.
Persons: Mike Pence, Trump, Ice Miller, John Pence, George Hornedo, Sen, Jon Ossoff, Pete Buttigieg, Kellyanne Conway, Seema Verma, Pence's, Ice, Pete Buttigieg's, Andrew Harnik, Freshman Georgia Sen, Rey Benitez, Catherine Cortez, Donni Turner, Bernie Sanders, Chandra Harris, David Scott, Steven Parker, Miryam, Shadawn Reddick, Smith, Elizabeth Ralph, Derek Robertson, Matt Dempsey, Danielle Kwateng, Alexi McCammond, Mike Pompeo, Pat Dennis, Dennis Polio, He's, Holtzman Vogel, Torchinsky, Larry Kudlow, Russ Vought, Robert Lighthizer, Newt Gingrich, Scott Walker, Reed Elman Waxham, Abbe Murphy, Murphy, Andrew Barnhill, Robert Hurr, Gibson, Dunn, Hurr, Rod Rosenstein, Department's, Rosenstein, Jones, Zaki Anwar, John Roberts, Joe Falvey, Kelly Holt, Holt, Neil Gorsuch, Kurt Johnson, Jones Day's, J, Harvie Wilkinson III, Audrey Beck, Brett Kavanaugh, Hunter Bruton, Samuel Alito, Mark Jia, David Souter, Ruth Bader Ginsburg, Caroline Lindsay, Clarence Thomas, Lindsay, Antonin Scalia Law Organizations: Georgia Democrat, DC, White, Trump, Ice Miller, Freshman Georgia, Democrat, Atlanta, Nevada Democrat, Georgia Rep, Committee, Department of Homeland Security, Communications, Politico Magazine, Indianapolis, Houston, Teen Vogue, State, Fox News, Democratic, Republican Governors Association, Trump White House, National Economic Council, Management, Budget, Wisconsin, Democratic Congressional, Tide Interactive, Public Affairs Group, Miller's Public Affairs Group, BioDelivery Sciences, GlaxoSmithKline, King & Spalding, The Ohio State University Moritz College of Law, Roberts, Jones, Appeals, Fourth Circuit, Bristow, Department of Justice, Antonin, George Mason University in Locations: Georgia, Hoosier, Nevada, Vermont, Maryland, George Mason University in Virginia
But analysts say it would be complicated for China to unload its bonds without hurting their value and creating losses for itself. “Despite everything we’ve seen in terms of the increase in tensions, we still haven’t seen China rapidly divest. If an issue like Hong Kong or Taiwan blows up, then China “may use Treasury securities as a signal,” Gertken said. The Fed is also expected to step in if bond yields rise to a point where they could harm U.S. economic growth. “China only owns about 5% of Treasuries, so they can move the needle but not much more than that.”
Persons: pare, Liu He, Steven Mnuchin, Robert Lighthizer, Andy Wong, Joe Biden, Xi Jinping, Vladimir Putin, Washington, we’ve, , Matt Gertken, ” Gertken, Morgan Stanley, Min Dai, , I’m, Brian Kloss, “ it’s Organizations: YORK, U.S, U.S ., U.S . Trade, BCA Research, European Union, Federal Reserve, Brandywine Global Locations: China, Washington, Beijing, Diaoyutai, Russian, Hong Kong, Taiwan, COVID, United States, U.S, Japan, Treasuries, “ China
“Despite everything we’ve seen in terms of the increase in tensions, we still haven’t seen China rapidly divest. Japan is the largest foreign holder of U.S. debt, with $1.28 trillion in Treasuries in January. If it does sell bonds, any rise in yields could prove attractive to other investors as the bonds become relatively more attractive. The Fed is also expected to step in if bond yields rise to a point where they could harm U.S. economic growth. “China only owns about 5% of Treasuries, so they can move the needle but not much more than that.”
Persons: pare, Liu He, Steven Mnuchin, Robert Lighthizer, Andy Wong, Joe Biden, Xi Jinping, Vladimir Putin, Washington, we’ve, , Matt Gertken, ” Gertken, Morgan Stanley, Min Dai, , I’m, Brian Kloss, “ it’s Organizations: YORK, U.S, U.S ., U.S . Trade, BCA Research, European Union, Federal Reserve, Brandywine Global Locations: China, Washington, Beijing, Diaoyutai, Russian, Hong Kong, Taiwan, COVID, United States, U.S, Japan, Treasuries, “ China
U.S. trade chief advances digital tax tariff probe against six countries
  + stars: | 2021-03-26 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO: Katherine C. Tai addresses the Senate Finance committee hearings to examine her nomination to be United States Trade Representative, with the rank of Ambassador, in Washington, DC February 25, 2021. Bill O'Leary/Pool via REUTERSWASHINGTON (Reuters) - U.S. Trade Representative Katherine Tai said on Friday she is proceeding with potential tariff actions against Austria, Britain, India, Italy, Spain and Turkey over digital tariffs in probes launched by her Trump administration predecessor, Robert Lighthizer. In a statement, Tai announced that USTR was terminating “Section 301” tariff investigations against Brazil, the Czech Republic, the European Union and Indonesia because these jurisdictions have not adopted or implemented digital services taxes that were previously under consideration.
Persons: Katherine C, Bill O'Leary, Katherine Tai, Trump, Robert Lighthizer, Tai, USTR Organizations: United States Trade, REUTERS WASHINGTON, . Trade, European Union Locations: Washington ,, Austria, Britain, India, Italy, Spain, Turkey, Brazil, Czech Republic, Indonesia
SINGAPORE — China has so far failed to meet its purchase commitments for U.S. goods under the "phase one" trade deal that it struck with the Trump administration. As part of the "phase one" trade deal, China agreed to buy at least $200 billion more in U.S. goods and services over two years — in 2020 and 2021 — on top of its purchases in 2017. PIIE doesn't track Chinese purchases of U.S. services agreed under the deal because the data is not reported on a monthly basis. In addition to goods and services purchases, the "phase one" deal also included broad provisions for China to strengthen intellectual property protection and open its markets to financial services firms. Lighthizer added that the Biden administration should stick to the trade deal and use tariffs as leverage, reported Reuters.
Persons: Trump, Robert Lighthizer, Lighthizer, Biden, Joe Biden, Biden's, Scott Kennedy Organizations: U.S, Peterson Institute for International Economics, Reuters, Trump, Strategic, International Studies Locations: SINGAPORE — China, China, U.S, Beijing
WASHINGTON (Reuters) - President Donald Trump’s administration said on Friday Vietnam’s actions to push down the value of its currency are “unreasonable” and restrict U.S. commerce, but did not take immediate action to impose punitive tariffs. Slideshow ( 2 images )Releasing the results of its so-called Section 301 investigation into Vietnam’s currency practices, the U.S. Trade Representative’s (USTR) office said it would continue to evaluate all available options to correct the situation. That process will pass to the administration of Democratic President-elect Joe Biden, who is due to take office on Wednesday. Business groups and trade experts had feared this would lead to tariffs in the USTR investigation opened last October as a parting shot from the Republican Trump, who aggressively imposed tariffs during his four years in office. Vietnam has been a major beneficiary of investment from those companies seeking to avoid U.S. tariffs on China.
Persons: Donald Trump’s, Joe Biden, Republican Trump, Robert Lighthizer, Katherine Tai Organizations: WASHINGTON, U.S . Trade, Democratic, U.S . Treasury Department, Republican, Department, , ” U.S . Trade, U.S . Locations: U.S, Vietnam, United States, ” U.S, China
(Adds Lighthizer statement, details on Vietnam currency probe)WASHINGTON, Jan 15 (Reuters) - The Trump administration on Friday said Vietnam’s actions to push down the value of its currency are “unreasonable” and restrict U.S. commerce, but is not taking immediate action to impose punitive tariffs. Business groups and trade experts had feared this would pave the way for tariffs in the USTR probe opened last October as a parting shot from the Trump administration. USTR said it consulted the Treasury on Vietnam’s exchange rate policies. Vietnam has been a major beneficiary of investment from those companies seeking to avoid U.S. tariffs on China. USTR’s decision to hold off on ordering tariffs against Vietnamese goods gives Biden’s USTR nominee, Katherine Tai, some breathing room in deciding how to approach Vietnam.
Persons: Jan, Trump, Joe Biden, USTR, Robert Lighthizer, Biden’s USTR, Katherine Tai, David Lawder, Chris Reese, Aurora Ellis Organizations: U.S . Trade, U.S . Treasury Department, , ” U.S . Trade Locations: Vietnam, WASHINGTON, U.S, United States, ” U.S, China, France, Austria, Britain, Italy, Spain, India, Turkey
(Adds no comment from Biden transition team)WASHINGTON, Jan 15 (Reuters) - President Donald Trump’s administration on Friday said Vietnam’s actions to push down the value of its currency are “unreasonable” and restrict U.S. commerce, but did not take immediate action to impose punitive tariffs. Releasing the results of its so-called Section 301 investigation into Vietnam’s currency practices, the U.S. Trade Representative’s (USTR) office said it would continue to evaluate all available options to correct the situation. That process will pass to the administration of Democratic President-elect Joe Biden, who is due to take office on Wednesday. Vietnam has been a major beneficiary of investment from those companies seeking to avoid U.S. tariffs on China. The move has paralleled other decisions by the trade office in recent days against imposing tariffs on France, Austria, Britain, Italy, Spain, India and Turkey in retaliation for their digital services taxes.
Persons: Jan, Donald Trump’s, Joe Biden, Republican Trump, Robert Lighthizer, Katherine Tai, David Lawder, Will Dunham, Chris Reese, Aurora Ellis Organizations: Biden, U.S . Trade, Democratic, U.S . Treasury Department, Republican, Department, , ” U.S . Trade Locations: WASHINGTON, U.S, Vietnam, United States, ” U.S, China, France, Austria, Britain, Italy, Spain, India, Turkey
(Adds Vietnamese government comments)WASHINGTON, Jan 16 (Reuters) - President Donald Trump’s administration said on Friday Vietnam’s actions to push down the value of its currency are “unreasonable” and restrict U.S. commerce, but did not take immediate action to impose punitive tariffs. Releasing the results of its so-called Section 301 investigation into Vietnam’s currency practices, the U.S. Trade Representative’s (USTR) office said it would continue to evaluate all available options to correct the situation. That process will pass to the administration of Democratic President-elect Joe Biden, who is due to take office on Wednesday. Business groups and trade experts had feared this would lead to tariffs in the USTR investigation opened last October as a parting shot from the Republican Trump, who aggressively imposed tariffs during his four years in office. Vietnam has been a major beneficiary of investment from those companies seeking to avoid U.S. tariffs on China.
Persons: Jan, Donald Trump’s, Joe Biden, Republican Trump, Robert Lighthizer, Katherine Tai, David Lawder, Khanh Vu, Will Dunham, Chris Reese, Aurora Ellis, Frances Kerry Organizations: U.S . Trade, Democratic, U.S . Treasury Department, Republican, Department, , ” U.S . Trade, U.S . Locations: WASHINGTON, U.S, Vietnam, United States, ” U.S, China, Hanoi
WASHINGTON (Reuters) - The U.S. Trade Representative’s office on Thursday said it has found that digital services taxes imposed by Austria, Spain and the United Kingdom discriminate against U.S. companies and are inconsistent with international tax principles, but will take no immediate action. Releasing the results of a “Section 301” investigation into the countries’ digital taxes, U.S. Trade Representative Robert Lighthizer said the trade agency will continue to evaluate all available options. “The best outcome would be for countries to come together to find a solution,” Lighthizer said in a statement.
Persons: Robert Lighthizer, ” Lighthizer Organizations: WASHINGTON, U.S . Trade, U.S, . Trade Locations: Austria, Spain, United Kingdom
Airbus said USTR’s expansion of tariffs to include aircraft components made in France and Germany was “counterproductive” and would wind up harm U.S. workers at its Mobile, Alabama site where it assembles A320 and A220 aircraft. The measure will hit A320 production which uses components from France and Germany, while the A220 production does not, according to an Airbus spokesman. Aircraft were already covered by U.S. tariffs, but the addition of components closed a loophole that had allowed Airbus planes assembled in Mobile to be sold in the United States free of tariffs. Unless the issue is resolved quickly, those aircraft are likely to be uncompetitive in the U.S. market. Some alcohol from the Airbus-producing nations - France, Germany, Spain and Britain - had already been subject to tariffs, but new varieties are now affected.
Persons: Mike Pence, Francois Lenoir, Trump, Washington, Joe Biden, USTR, Ben Aneff, ” Aneff, Robert Lighthizer, Aneff Organizations: WASHINGTON, U.S, European, European Commission, REUTERS, U.S . Customs, Protection, Airbus, Boeing Co, U.S . Trade, EU, Biden, World Trade Organization, Aircraft, US Wine Trade Alliance, Trade Locations: France, Germany, Brussels, Belgium, U.S, Washington, Britain, United States, Mobile , Alabama, Mobile, Spain
The 25th Amendment formally outlines the transition of power if the president is unable or unfit to serve. Section IV also allows the vice president and a majority of the Cabinet to remove the president from office. The amendment states that if the president dies, resigns, or is removed from office, the vice president becomes president. "Unless the vice president puts himself — maybe one day, herself — forward, no one else can really basically, at least within the 25th Amendment framework, proclaim an unwilling president 'disabled.'" In 2017, there was a renewed interest in the 25th Amendment shortly after Trump took officeThe last five years of Google Search data for "25th Amendment."
Persons: Donald Trump, John F, Kennedy, didn't, George W, Bush, he's, Donald Trump's, Mike Pence, Trump's, There's, Steven Mnuchin, Wilbur Ross, Robert Lighthizer, Peter Navarro, Chip Somodevilla, Trump, Miles Taylor, Rod Rosenstein, James Comey, Andrew McCabe, McCabe, Steve Bannon, John D, it's, you'll, Feerick, doesn't, Akhil Reed Amar, Amar, Joel K, Goldstein, Pence, Republican Sen, Bob Corker, tweetstorm Trump, Corker, Michael Wolff, I'm Organizations: Capitol, Electoral, US, White House National Trade, The New York Times, New York Times, CBS, FBI, Trump's, Fordham Law School, Yale University, National Constitution Center, St, Louis University, Google, Trump, CNN, The Times, Republican Locations: Trump's
Katherine Tai delivers remarks after being introduced as U.S. President-elect Joe Biden’s nominee to be the next U.S. Trade Representative at the Queen Theater on Dec.11, 2020 in Wilmington, Delaware. Chip Somodevilla | Getty ImagesU.S. President-elect Joe Biden's pick for his incoming administration's top trade official will likely carry on a tough line against China, according to former Trump trade negotiator Clete Willems. Folks like me who worked in the Trump Administration have a ton of respect for her and think she will help carry on a tough line on China. "Folks like me who worked in the Trump Administration have a ton of respect for her and think she will help carry on a tough line on China," he added. He noted that she's handled joint disputes by U.S. and partners — including the European Union, Mexico and Japan — at the World Trade Organization against China.
Persons: Katherine Tai, Joe Biden’s, Chip Somodevilla, Joe Biden's, Trump, Clete Willems, Biden, Willems, who's, Akin Gump Strauss Hauer, Feld, Tai, Republican Sen, Rob Portman, Tai's, Donald Trump, Lighthizer Willems, Robert Lighthizer, she's Organizations: U.S . Trade, Queen Theater, Getty, China, CNBC, Trump Administration, Democrats, Republican, National Economic Council, White House, U.S, European, World Trade Organization Locations: Wilmington , Delaware, China, U.S, Mexico, Canada, Europe, European Union, Japan
United States hopes for trade deal with UK, Trump's trade chief says - BBC
  + stars: | 2020-12-17 | by ( Reuters Staff | ) www.reuters.com sentiment -0.77   time to read: +1 min
FILE PHOTO: U.S. Trade Representative Robert Lighthizer looks on at a Senate Finance Committee hearing on President Donald Trump's 2020 Trade Policy Agenda on Capitol Hill in Washington, D.C., U.S., June 17, 2020. Anna Moneymaker/Pool via REUTERS/File PhotoLONDON (Reuters) - The United States is hopeful of sealing a mini-trade deal with the United Kingdom to reduce tariffs, President Donald Trump’s trade chief, Robert Lighthizer, told the BBC. Lighthizer said he was hopeful for a deal that could see punitive tariffs on Scottish whisky lowered, the BBC said. He also suggested the UK would need to go further than last week’s announcement breaking with the EU’s support of European plane maker Airbus, the BBC said. Britain will suspend retaliatory tariffs imposed on U.S. goods as part of a dispute over aircraft subsidies from Jan. 1, the first step to diverging from European Union trade policy.
Persons: Robert Lighthizer, Donald Trump's, Anna Moneymaker, Donald Trump’s, Lighthizer Organizations: . Trade, Washington , D.C, BBC, Airbus, Union Locations: Washington ,, United States, United Kingdom, Britain
U.S. trade czar Lighthizer's advice for Biden on China: 'Hold their feet to the fire'
  + stars: | 2020-12-17 | by ( ) www.cnbc.com sentiment -0.99   time to read: +2 min
President-elect Joe Biden should keep pressing China to stick to the "Phase 1" trade deal, which Beijing has done a "reasonably good job" implementing parts of, using tariffs as leverage, U.S. Trade Representative Robert Lighthizer told Reuters. The tariffs have cost U.S. importers $71.6 billion since they started in July of 2018, according to U.S. Customs data. Asked what Biden, declared winner of the Nov. 3 presidential election by the Electoral College on Monday, should do with the Phase 1 deal, Lighthizer said: "I would hold their feet to the fire on Phase 1." "I think in some parts they (China) have done a reasonably good job, in other parts they haven't," Lighthizer said. Biden said in August he thought the Phase 1 deal was "failing."
Persons: Joe Biden, Robert Lighthizer, Lighthizer, Biden Organizations: . Trade, Reuters, Trump, Customs, Electoral College, Peterson Institute for International Economics, New York Times Locations: China, Beijing, U.S
WASHINGTON (Reuters) - The United States and Europe should agree to cooperate in opposing any future “hurtful” subsidies used by China to build up its commercial aircraft industry, U.S. Trade Representative Robert Lighthizer told Reuters in an interview. He said he had made several proposals to settle the matter before the Trump administration leaves office on Jan. 20. The comments address what many trade experts have long regarded as the end game of the 16-year trade dispute - a transatlantic deal that the two sides could use to curb future subsidies by China in its fast-growing aerospace industry. The WTO has ruled against every past use of government loans to develop new airplanes, but has not outlawed future subsidies. The U.S. side has insisted on repayment of damages, a proposal rejected by EU negotiators, according to sources familiar with the matter.
Persons: Robert Lighthizer, Donald Trump's, Anna Moneymaker, REUTERS Lighthizer, ” Lighthizer, Trump, I’ve, , Emily Haber Organizations: WASHINGTON, U.S . Trade, Reuters, . Trade, Washington , D.C, REUTERS, World Trade Organization, European Union, WTO, , Airbus, Boeing, Wednesday, EU Locations: United States, Europe, China, U.S, Washington ,, Washington, Brussels, Britain, France, Germany, Spain, Mexico, Canada
WASHINGTON (Reuters) - President-elect Joe Biden should keep pressing China to stick to the “Phase 1” trade deal, which Beijing has done a “reasonably good job” implementing parts of, using tariffs as leverage, U.S. Trade Representative Robert Lighthizer told Reuters. FILE PHOTO: U.S. Trade Representative Robert Lighthizer speaks at a Senate Finance Committee hearing on President Donald Trump's 2020 Trade Policy Agenda on Capitol Hill in Washington, D.C., U.S., June 17, 2020. The tariffs have cost U.S. importers $71.6 billion since they started in July of 2018, according to U.S. Customs data here. They forced companies to tear up supply chains, roiled financial markets and slowed economic growth well before the coronavirus pandemic hit. He said that Beijing is well behind on its purchase commitments, partly due to the pandemic.
Persons: Joe Biden, Robert Lighthizer, Donald Trump's, Anna Moneymaker, Lighthizer, Biden, , , ” Lighthizer, ” Biden Organizations: WASHINGTON, . Trade, Washington , D.C, REUTERS, Trump, Customs, Electoral College, Peterson Institute for International Economics, New York Times Locations: China, Beijing, Washington ,, U.S
President-elect Joe Biden has selected Katherine Tai, the chief trade lawyer for the House Ways and Means Committee, to serve as U.S. trade representative, four sources familiar with the decision said on Wednesday. If confirmed as Biden's "trade czar," Tai will play a pivotal role in helping to rebuild ties with key allies, re-energize manufacturing at home and punish Beijing for anti-competitive trade practices. Biden is expected to formally announce Tai as his top trade negotiator later this week, said one of the sources. A Yale and Harvard-educated Chinese American who speaks Mandarin and taught university English for two years in Guangzhou, Tai headed China trade enforcement at the U.S. Trade Representative's office (USTR) from 2011 to 2014. News of her selection was welcomed by Democrats in the House of Representatives and Senate.
Persons: Joe Biden, Katherine Tai, Trump, Tai, Biden, litigating, Robert Lighthizer, Ron Wyden, David Skillman, Katherine Organizations: Reuters, Politico, Yale, Harvard, U.S . Trade, World Trade Organization, Senate Finance Committee, Republican, Arnold Locations: Tai, U.S, Mexico, Canada, Beijing, Guangzhou, China, United States, Porter
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