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REUTERS/Fabian Bimmer/File Photo Acquire Licensing RightsLONDON, Oct 23 (Reuters) - China is upping the critical minerals stakes by curbing exports of graphite, a key raw material in electric vehicle batteries. There is much potential for further escalation in this unfolding critical minerals battle between China and the West. Previous restrictions on lower-grade graphite exports destined for the steel and lubricants sectors have been rescinded. The world's graphite supply chain could well be in for a similar short-term shock. Western governments are still evaluating their response, waiting like the rest of us to see how China's graphite volumes play out in the coming months.

Persons: Fabian Bimmer, Wei Jianguo, Wei, Biden, Obama, Trump, Adam Hodge, China's Wei, David Evans Organizations: Volkswagen, REUTERS, Commerce, U.S, Chips, Benchmark Minerals, U.S . Department, Department of Defense, EV, World Trade Organization, European Union, WTO, Thomson, Reuters Locations: Salzgitter, Germany, China, U.S, Alaska, Australia, Japan

Michel suggested no deal was imminent when he told reporters the two sides needed to find "mutually beneficial" solutions. U.S. Trade Representative Katherine Tai met with European Commission Executive Vice President Valdis Dombrovskis on Thursday, a third source told Reuters. Michel told reporters it was a critical time for the United States and the EU to "stick together" on their shared values and commitment to democracy given the Israel-Hamas conflict. It is still to be seen if this will end the U.S. tariffs threat or just see an extended suspension. Given the EU needs such materials itself for its green transition, the positive impact for the bloc may be limited.

Persons: Ursula von der Leyen, Joe Biden, Charles Michel, Michel, von der Leyen, Katherine Tai, Valdis Dombrovskis, Donald Trump, Bernd Lange, Philip Blenkinsop, Alexandra Hudson, Jonathan Oatis Organizations: WASHINGTON, European Union, Trump, Commission, U.S, European, . Trade, EU, Washington, World Trade Organization, United, Thomson Locations: BRUSSELS, United States, Israel, Gaza, Ukraine, Europe, North America, China, Brussels, U.S, Washington, Friday's

☆ Iran doesn't want to see the Middle East conflict come to its territory, says CFR's Michael Froman
▼ + stars: | 2023-10-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIran doesn't want to see the Middle East conflict come to its territory, says CFR's Michael FromanMichael Froman, Council on Foreign Relations president and former U.S. Trade Representative, joins 'Squawk on the Street' to discuss President Biden's speech on the Israel-Hamas conflict, the United States' exhaustion of continued funding to Ukraine, and what happens next.

Persons: CFR's Michael Froman Michael Froman, Biden's Organizations: Iran, Foreign Relations, U.S . Trade Representative Locations: Israel, United States, Ukraine

U.S. President Joe Biden will host Michel and European Commission chief Ursula von der Leyen on Friday to show unity toward Ukraine, but with trade irritants souring ties. U.S. Trade Representative Katherine Tai met with European Commission Executive Vice President Valdis Dombrovskis on Thursday, and the two countries' trade negotiators were meeting around the clock. Michel told reporters it was a critical time for the United States and the EU to "stick together" on shared values and commitment to democracy, especially given the escalating crisis in the Middle East, which threatens to overshadow the long-planned summit. It is still to be seen if this will end the U.S. tariffs threat or just see an extended suspension. Given the EU needs such materials itself for its green transition, the positive impact for the bloc may be limited.

Persons: Charles Michel, Joe Biden, Michel, Ursula von der Leyen, von der Leyen, Katherine Tai, Valdis Dombrovskis, Donald Trump, Bernd Lange, Philip Blenkinsop, Alexandra Hudson, Jonathan Oatis Organizations: European Union, EU, European Commission, Trump, . Trade, European, Washington, World Trade Organization, United, U.S, Thomson Locations: BRUSSELS, WASHINGTON, United States, Ukraine, China, Brussels, U.S, Washington, North America

☆ Explainer: Biden combines billions in chipmaking grants with China curbs to keep US ahead
▼ + stars: | 2023-10-17 | by ( Alexandra Alper | ) www.reuters.com time to read: +4 min

Semiconductor chips are seen on a printed circuit board in this illustration picture taken February 17, 2023. Those rules aimed to stem the flow of high-end American artificial intelligence chips and chipmaking tools into China. The United States has been locked in a technology war with China since former President Trump blacklisted Chinese telecoms giant Huawei in 2019. BILLIONS FOR CHIPSThe United States, meanwhile, has been helping non-Chinese chipmakers negotiate with states like Arizona, Texas and New York to set up shop or grow existing operations. According to the Semiconductor Industry Association, the share of global semiconductor manufacturing capacity in the U.S. has decreased from 37% in 1990 to 12% in 2022.

Persons: Florence Lo, Biden, Emily Kilcrease, Trump, Joe Biden, ”, Peter Harrell, TSMC, Alexandra Alper, Jonathan Oatis Organizations: REUTERS, Rights, U.S, Center, New, New American Security, Trade Representative, United, Huawei, Biden, chipmaker Micron, Semiconductor Industry Association, Samsung, Intel, Companies, Chips, Science, Thomson Locations: China, United States, New American, U.S, Arizona , Texas, New York, South, Ohio, Taiwan

☆ Former Trump cabinet member Wilbur Ross lays out which industries remain dependent on China and which trade partners could fill in the gap
▼ + stars: | 2023-10-05 | by ( Bradley Saacks | ) www.businessinsider.com time to read: +3 min

Wilbur Ross said pharmaceuticals and industries reliant on rare minerals are still dependent on China. Countries like India, Vietnam, and Mexico will grow to become bigger trade partners, he predicted. Still, there are several industries reliant on China, Ross said. AdvertisementAdvertisementAs the US and China continue their diplomatic standoff, he believes trade partners like Vietnam and Mexico will grow in importance. The U.S. exported $195.5 billion worth of goods to China in 2022, while bringing in more than $560 billion worth of Chinese goods, according to the U.S. Trade Representative.

Persons: Wilbur Ross, —, Commerce Wilbur Ross doesn't, Joe Biden's, Lockheed Martin, Ross, Donald Trump, Ross doesn't, there's Organizations: Commerce, Service, Lockheed, Micron, Intel, Greenwich Economic, Trump, U.S . Trade Representative Locations: China, India, Vietnam, Mexico, Greenwich, U.S

CNN —An Indian minister has accused Canada of giving “operating space” to terrorists and extremists, as he rejected claims by Prime Minister Justin Trudeau that the Indian government may have played a role in the assassination of a Sikh separatist on Canadian soil. “The Canadian (prime minister) made some allegations initially privately, and then publicly. He said the Indian government had long accused Canada of inaction in dealing with Sikh separatist extremism aimed at creating a separate Sikh homeland. He said India believes Canada has a “very permissive Canadian attitude towards terrorists, extremist people who openly advocate violence.”Those individuals “have been given operating space in Canada because of the compulsions of Canadian politics,” Jaishankar added. And that has actually compelled me to temporarily suspend even visa operations in Canada,” the minister added.

Persons: Justin Trudeau, ”, Subrahmanyam Jaishankar, “, Trudeau, Hardeep Singh Nijjar, Trudeau’s, Jaishankar, ” Jaishankar, Antony Blinken, Blinken, Nijjar, Gina Raimondo, Katherine Tai, Alicia Barcena, Raquel Buenrostro, Jake Sullivan, I’m Organizations: CNN, Hudson Institute, India’s, Indian National Investigation Agency, State Department, US, US National, Canadian Locations: Washington, India, India’s Punjab, Canada, Britain , New Zealand, Australia, Mexican

☆ US asks Mexico for fresh workers' rights review at auto parts facility
▼ + stars: | 2023-09-25 | by ( ) www.reuters.com time to read: +2 min

U.S. Trade Representative Katherine Tai chairs the Indo-Pacific Economic Framework meeting in Detroit, Michigan, U.S. May 27, 2023. The latest review marks the U.S. Trade Representative office's 14th labor rights complaint against facilities in Mexico since the U.S.-Mexico-Canada Agreement (USMCA) on trade took effect in 2020, including nine this year. U.S. Trade Representative Katherine Tai said the request was intended to "address a serious violation of workers' rights" at the automotive parts factory, involving an employer possibly terminating workers for engaging in union activity. The Mexican government has ten days to review the U.S. request, and if it accepts, another 45 days to investigate the case. Mexico has recently denied two requests for probes into labor rights concerns, rejecting a U.S. call to review Grupo Yazaki's auto components factory in the state of Guanajuato and also a Grupo Mexico mine labor probe.

Persons: Katherine Tai, Rebecca Cook, Tai, Teklas, Brendan O'Boyle, Isabel Woodford, Sonali Paul Organizations: Trade, REUTERS, Automotive, U.S . Trade, office's, . Trade, Washington, Grupo, Thomson Locations: Detroit , Michigan, U.S, MEXICO, Mexico, Mexican, Aguascalientes, Canada, States, Turkey, Europe, North America, China, Guanajuato, Grupo Mexico

☆ WTO needs progress on 'non-market' practices, dispute settlement -USTR's Tai
▼ + stars: | 2023-09-22 | by ( David Lawder | ) www.reuters.com time to read: +4 min

She said that in recent years, the WTO has failed to address non-market practices by some countries, seeking to "dominate key industrial sectors, promote national champions and discriminate foreign competitors, massively subsidize key sectors and manipulate cost structures." "And we certainly need to reform our dispute settlement system." "The United States wants a WTO where dispute settlement is fair and effective and supports a healthy balance of sovereignty, democracy, and economic integration," Tai said. Where we have better rules and tools to tackle non-market policies and practices and to confront the climate crisis and other pressing issues." Tai has long pushed back against China's "non-market" economic and trade practices from China, raising fresh objections to its state-led approach during a late May meeting with Chinese Commerce Minister Wang Wentao in Detroit.

Persons: Katherine Tai, Biden's, Jonathan Ernst, Tai, Ngozi, Iweala, Wang Wentao, David Lawder, Grant McCool Organizations: Trade, REUTERS, Rights, . Trade, World Trade Organization, WTO, Center for Strategic, China's, Chinese Commerce, Thomson Locations: Washington , U.S, U.S, WTO, Washington, China, Abu Dhabi, United States, Detroit

☆ Nucor CEO talks steel oversupply, says 'we've got to continue to advocate' for the industry
▼ + stars: | 2023-09-22 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

Leon Topalian, CEO of steelmaker Nucor told CNBC's Jim Cramer on Friday that oversupply continues to be an issue for the industry, stressing the importance of advocating for legislation that prevents steel dumping. The oversupply in the world, particularly out of China is significant," he said. It's been five years since the the Trump administration imposed a 25% tariff on steel imports, targeting foreign countries dumping steel into the U.S. market. "Their leadership and understanding this industry and not protecting free trade, but fair trade, because it's not just cheap steel, it's illegally subsidized and dumped steel that really harms this nation." Ahead of earnings, Nucor preannounced lower-than-expected guidance for the current quarter last week, which sent its stock down 6% in a single session.

Persons: Leon Topalian, steelmaker Nucor, CNBC's Jim Cramer, oversupply, We've, It's, Trump, Topalian, Biden, Gina Raimondo, Katherine Tai, it's Locations: China, U.S

South Africa has also been criticized for not publicly opposing Russia's war against Ukraine. Political Cartoons View All 1171 ImagesThe U.S. and South Africa announced in a joint statement that the forum will be held in Johannesburg, indicating a mending of relations following months of diplomatic tensions. South Africa is one of the biggest beneficiaries of AGOA, with exports to the U.S. through the act estimated at $3 billion in 2022. It also found that South Africa was not aware that the ship transporting military equipment ordered by the South African National Defense Force from the United Arab Emirates was a sanctioned Russian vessel. Leaders from various countries in sub-Saharan Africa and organizations are expected to attend the forum on Nov. 2-4.

Persons: Antony Blinken, Katherine Tai, Clayson Monyela, we’d, ” Monyela, Cyril Ramaphosa, R, Reuben Brigety Organizations: U.S ., Republican, Democratic, AGOA, Ukraine, South Africa, U.S . Trade, South Africa’s Foreign, Forum, SA, Twitter, South, U.S, South African National Defense Force, United Arab Locations: JOHANNESBURG, South Africa, U.S, U.S . Africa, Russia, Russian, Cape Town, AGOA, Africa, Ukraine, United States, China, Johannesburg, United Arab Emirates, Saharan Africa

☆ Mexico must address US' 'serious concerns' over energy measures, USTR says
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Jose Luis Gonzalez/File Photo Acquire Licensing RightsMEXICO CITY, Sept 21 (Reuters) - A U.S. trade official stressed Mexico's need to address "serious concerns" from the United States of its energy measures, which were raised during consultations under a regional trade pact, the U.S. Trade Representative's (USTR) office said on Thursday. Deputy Trade Representative Jayme White, who met with his Mexican counterpart Alejandro Encinas in Mexico on Wednesday, urged Mexico to address its energy measures which the U.S. says unfairly discriminate against its companies, the USTR said in a statement. The U.S. and Canada demanded dispute settlement talks with Mexico under the United States-Mexico-Canada (USMCA) trade agreement over Mexico's energy policy in July 2022. White also expressed concerns over the "recent surge" in U.S. imports of certain steel and aluminum products from Mexico, the USTR said, and the "lack of transparency" regarding their country of origin. White and Encinas additionally discussed ongoing USMCA consultations regarding Mexico's enforcement of fisheries-related environmental laws, the USTR said.

Persons: Jose Luis Gonzalez, Jayme White, Alejandro Encinas, White, Encinas, Kylie Madry, Valentine Hilaire, Richard Chang Organizations: Ciudad Juarez, REUTERS, U.S . Trade, Reuters, Thomson Locations: Paso del Norte, El Paso, Ciudad Juarez, Mexico, MEXICO, U.S, United States, Canada

☆ South Africa to host US-Africa trade summit despite Russia spat
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +3 min

South Africa's economic hub, Johannesburg, will host the U.S.-sub-Saharan Africa Trade and Economic Cooperation Forum from Nov. 2 to 4, U.S. and South African officials said in a joint statement on Wednesday. "As President Biden has said, the future is Africa," United States Trade Representative Katherine Tai said in the statement. Despite Pretoria's declared neutrality, perceived close ties between Russia and South Africa, an important U.S. trading partner in Africa, have ruffled feathers Washington. Pointing to South Africa's joint naval operations with China and Russia in February, and plans to host Russian President Vladimir Putin at a BRICS bloc summit, they also suggested South Africa's trade benefits under AGOA could be revoked. The lawmakers appeared to back up an explosive accusation by the U.S. ambassador to South Africa that a Russian vessel under sanctions collected weapons at a South African naval base last year.

Persons: Katherine Tai, Biden's, Jonathan Ernst, Biden, Tai, Pretoria's, Vladimir Putin, Putin, Ebrahim Patel, Joe Bavier, Grant McCool Organizations: Trade, REUTERS, Saharan, Saharan Africa Trade, Economic Cooperation, United States Trade, U.S . House, U.S . Senate, U.S, Thomson Locations: Washington , U.S, Russia, Washington JOHANNESBURG, South Africa, U.S, Africa, South, Johannesburg, Saharan Africa, Ukraine, Washington, China, Russian, AGOA, United States

☆ Poland summons Ukrainian ambassador over Zelenskiy comments
▼ + stars: | 2023-09-20 | by ( Alan Charlish | ) www.reuters.com time to read: +4 min

REUTERS/Viacheslav Ratynskyi/File Photo Acquire Licensing RightsWARSAW, Sept 20 (Reuters) - Poland summoned Kyiv's envoy to the foreign ministry on Wednesday, after comments by Ukraine's president on a ban on grain imports angered the government in Warsaw, which is toughening its stance ahead of October elections. It said Jablonski also told Ambassador Vasyl Zvarych that "putting pressure on Poland in multilateral forums or sending complaints to international tribunals are not appropriate methods of resolving disputes between our countries". He did not name the countries although Kyiv has previously said the complaint targeted Poland, Slovakia and Hungary. Polish Agriculture Minister Robert Telus told state-run news agency PAP that he took Kachka's comments as a way of "calming down a certain atmosphere that had been building for two or three days". Reporting by Alan Charlish and Pawel Florkiewicz; editing by Christina Fincher, Tomasz Janowski and Mark HeinrichOur Standards: The Thomson Reuters Trust Principles.

Persons: Viacheslav, Kyiv's, Ukraine's, Volodymyr Zelenskiy, Pawel Jablonski, V, Zelenskiy, Jablonski, Vasyl Zvarych, Florin Barbu, Mateusz Morawiecki, Morawiecki, Facebook Morawiecki, Taras Kachka, Robert Telus, Alan Charlish, Christina Fincher, Tomasz Janowski, Mark Heinrich Our Organizations: Russian, REUTERS, Rights, United Nations General Assembly Kyiv, General, European Commission, Romanian, Trade Organization, Poland's, Polsat, Facebook, Trade, RMF, Thomson Locations: Ukraine, Velykomykhailivka, Dnipropetrovsk region, Poland, Warsaw, Russia, Hungary, Slovakia, Moscow, Romania, Bulgaria, Kyiv, Republic of Poland

☆ Ukraine war live updates: Ukraine's Zelenskyy set for awkward encounter with Russians at UN; China urged to pressure Moscow
▼ + stars: | 2023-09-19 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +1 min

Ukraine intends to sue Poland, Hungary and Slovakia over their restrictions on Ukrainian agricultural imports, officials said. Ukrainian Trade Representative Taras Kachka told Politico in an interview it was "important to prove that these actions are legally wrong," and that an appeal would be made through the World Trade Organization. Poland, Hungary and Slovakia on Friday announced import curbs after European Commission-led restrictions on Ukrainian imports into the countries — as well as Romania and Bulgaria — expired. The EU deal allowed products to transit via the countries but required them to be sold elsewhere. Ukraine has agreed to introduce measures intended to prevent a "surge" in EU imports, however the details have not been specified.

Persons: Taras Kachka, Viktor Orban, Saturday, Ľudovít Ódor, — Jenni Reid Organizations: Ukrainian, Politico, World Trade Organization, Reuters, Friday, Commission, EU, Slovakia's Locations: Ukraine, Poland, Hungary, Slovakia, Ukrainian, Romania, Bulgaria, Russia, Africa

☆ Ukraine says it will sue Poland, Hungary and Slovakia over food import bans
▼ + stars: | 2023-09-18 | by ( ) www.reuters.com time to read: +3 min

KYIV, Sept 18 (Reuters) - Ukraine plans to sue Poland, Hungary and Slovakia in the World Trade Organization over bans on Ukrainian agricultural products, Ukrainian officials said on Monday. Poland, Slovakia and Hungary announced their own restrictions on Ukrainian grain imports on Friday after the executive European Commission decided not to extend its ban on imports into Ukraine's five EU neighbours. Kachka told Politico that Ukraine could also impose reciprocal measures on the import of fruit and vegetables from Poland if Warsaw did not drop its additional measures. Ukraine ships grain by train via crossings with Poland, Slovakia and Hungary. Ukraine also shipped by rail an additional 1 million tons of oils and oilseeds.

Persons: Taras Kachka, Kachka, Robert Telus, Radoslaw Fogiel, Tom Balmforth, Pavel Polityuk, Anna Wlodarczuk, Anna Pruchnicka, Timothy Organizations: World Trade Organization, Politico, Kyiv, European Union, European Commission, EU, Timothy Heritage, Thomson Locations: Ukraine, Poland, Hungary, Slovakia, Bulgaria, Romania, Warsaw, Bratislava, Budapest

U.S. President Joe Biden, Indian Prime Minister Narendra Modi and President of the European Union Ursula von der Leyen attend the G20 summit in New Delhi, India, September 9, 2023. The summit declaration avoided condemning Russia for the war in Ukraine but highlighted the human suffering the conflict had caused and called on all states not to use force to grab territory. A failure to agree on a summit declaration would have signalled that the G20 was split, perhaps irrevocably, between the West on one side and China and Russia on the other, analysts said. Diplomats have said negotiators from India, Indonesia, Brazil and South Africa drove the consensus in the summit document. Despite the lack of concrete progress, Harsh Vardhan Shringla, India's chief G20 coordinator, said the meeting did take the group forward.

Persons: Joe Biden, Narendra Modi, Ursula von der Leyen, Evelyn Hockstein, Michael Froman, Svetlana Lukash, Lukash, Patryk Kugiel, ” Kugiel, Sergei Lavrov, Vladimir Putin, India's, Xi Jinping, Li Qiang, Vardhan, ”, Michel Rose, Aftab Ahmed, Raju Gopalakrishnan Organizations: Indian, European, REUTERS, Diplomats, African Union, India, Foreign Relations, Shanghai Cooperation Organisation, Russian G20, Polish Institute of International Affairs, Xinhua, Reuters, Thomson Locations: New Delhi, India, DELHI, Ukraine, Russia, York, U.S, China, Beijing, Russian, Warsaw, Delhi, Indonesia, Brazil, South Africa, Germany, Britain

REUTERS/Rebecca Cook/File Photo Acquire Licensing RightsWASHINGTON, Sept 6 (Reuters) - The office of U.S. Trade Representative Katherine Tai on Wednesday further extended China "Section 301" tariff exclusions on 352 Chinese import and 77 COVID-19-related categories till Dec. 31 that were set to expire on Sept. 30. THE TAKEThe import tariff exclusions include industrial components such as pumps and electric motors, some car parts and chemicals, bicycles and vacuum cleaners. The COVID-related exclusions include medical products like face masks, examination gloves and hand sanitizing wipes. * The Trump administration had used Section 301 of the Trade Act of 1974, a statute aimed at combating trade partners' unfair practices, to launch the China tariffs. * China last week urged Chinese companies investing in the U.S. to be given "equal treatment" and called U.S. 301 tariffs on Chinese imports "discriminatory," when Raimondo visited Beijing.

Persons: Katherine Tai, Gina Raimondo, Rebecca Cook, Donald Trump, Trump, Raimondo, Kanishka Singh, Jonathan Oatis, Josie Kao Organizations: . Trade, U.S . Commerce, Detroit , Michigan U.S, REUTERS, Rights, . U.S . Commerce, U.S, misappropriating, Trade, Thomson Locations: U.S, Detroit , Michigan, China, ., misappropriating U.S, Beijing, Taiwan, Washington

Mexico President Andres Manuel Lopez Obrador's steps to roll back reforms aimed at opening Mexico's power and oil markets to foreign competitors ultimately sparked the trade dispute. The steps add to a significant worsening of trade relations between Washington and Mexico City, even as their economic integration grows. Like the energy policies, Washington argues that banning GMO corn for human and animal consumption violates Mexico's obligations under the trade pact. The White House has hoped to avoid escalating energy trade tensions with Mexico as it sought help on immigration and drug trafficking, but talks that began last year have made little progress. In 2022, Mexico had a $130.5 billion goods trade surplus with the United States.

Persons: Katherine Tai, Tatiana Clouthier, Trade Mary Ng, Joe Biden's, Andres Manuel Lopez Obrador's, USTR, Obrador, Biden, Donald Trump, Jarrett Renshaw, David Lawder, Stephen Eisenhammer, Tomasz Janowski Organizations: Trade, Small Business, Export, Washington, United States Trade Representative, United, Chevron, Marathon Petroleum, Comision Federal, Mexico, Ministry, U.S, North American Free Trade, Thomson Locations: Mexican, United States, Mexico, Canada, Mexico City, U.S, United States Mexico Canada, USMCA, Washington, China, Washington's

☆ US asks Mexico to review cargo airline pilots' rights
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +1 min

Aug 30 (Reuters) - The United States is asking Mexico to review whether the labor rights of pilots at a small cargo airline are being infringed, the eight such request Washington has made this year, U.S. officials said on Wednesday. Since the U.S.-Mexico-Canada Agreement (USMCA) on trade took effect in 2020, the office of the U.S. Trade Representative has now launched a total of 13 labor rights complaints against facilities in Mexico. The United States wants Mexico to probe if pilots at Mas Air, a Mexico City-based cargo airline, are being denied the right to freedom of association and collective bargaining. "Today's action highlights the United States is committed to safeguarding the labor rights enshrined in the USMCA across industries and sectors," Trade Representative Katherine Tai said in a statement. Mexico has 10 days to agree to conduct a review and, if it agrees, 45 days from Wednesday to complete the review.

Persons: Katherine Tai, Washington, David Ljunggren, Sandra Maler Organizations: U.S . Trade Representative, United, Mas Air, Thomson Locations: United States, Mexico, Washington, U.S, Canada, Mexico City

☆ Chinese officials have yet to grasp the enormity of recent changes and its impact, says Jeff Moon
▼ + stars: | 2023-08-30 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese officials have yet to grasp the enormity of recent changes and its impact, says Jeff MoonJeff Moon, China Moon Strategies founder and former assistant U.S. trade representative for China, joins 'Squawk on the Street' to discuss Commerce Secretary Gina Raimondo's visit to China, whether the Secretary's visit was helpful to spur investment in the country, and more.

Persons: Jeff Moon Jeff Moon, Gina Raimondo's Organizations: China Moon Locations: China

☆ U.S.-India relationship has reached new heights as the two align across policy areas, USTR says
▼ + stars: | 2023-08-28 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +1 min

Katherine Tai, U.S. Trade Representative on the first day of the three-day B20 Summit in New Delhi, India. U.S. Trade Representative Katherine Tai said the U.S.-India relationship is reaching new heights as the two align "across all the policy areas." "It's certainly true that today, this relationship is experiencing new heights." The U.S. and India are closer now than ever before, but that relationship could be further strengthened. "Many of [these tariffs] have been pending for years and we've agreed to bury the hatchet on those," Tai said.

Persons: Katherine Tai, Tai, CNBC's Martin Soong, Narendra Modi's, Joe Biden, we've Organizations: Katherine Tai , U.S . Trade, U.S . Trade, U.S ., Washington, B20, Indian, U.S Locations: Katherine Tai , U.S, New Delhi, India, U.S

☆ It's not in our interest for China to be on its back, says CFR's Michael Froman
▼ + stars: | 2023-08-28 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIt's not in our interest for China to be on its back, says CFR's Michael FromanMichael Froman, Council on Foreign Relations president and former U.S. Trade Representative, joins 'Squawk Box' to discuss Commerce Secretary Raimondo's trip to China, what it means towards stabilizing U.S.-China relations, and more.

Persons: CFR's Michael Froman Michael Froman Organizations: Foreign Relations, U.S . Trade Representative, Commerce Locations: China

☆ China's rare earths dominance makes U.S. supply chains vulnerable, trade representative says
▼ + stars: | 2023-08-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

watch nowChina's dominance in rare earths makes U.S. supply chains vulnerable, U.S. Trade Representative Katherine Tai said in an exclusive interview Saturday with CNBC's Martin Soong. "And until we are able to access and create additional supply chains we remain entirely vulnerable to that leverage," the U.S. trade representative said. But lower labor costs overseas, as well as less pressure on environmental standards, helped send the rare earths industry out of the U.S. watch nowIn the case of rare earths, Tai pointed out that China has a monopoly in the global market. While lithium is a key component of electric car batteries, it isn't one of the 17 metals scientifically categorized as rare earths.

Persons: Katherine Tai, CNBC's Martin Soong, Tai, Trump, Biden, Li Qiang, Gina Raimondo Organizations: U.S . Trade, B20, CNBC Locations: U.S, China, New Delhi, India, Beijing

☆ U.S. trade chief flags concerns over India's license mandate for laptop, tablet imports
▼ + stars: | 2023-08-27 | by ( Shivangi Acharya | ) www.reuters.com time to read: +1 min

U.S. Trade Representative Katherine Tai addresses the media during the Indo-Pacific Economic Framework meeting in Detroit, Michigan U.S. May 27, 2023. Tai's intervention comes amid worries the licensing regime could impact shipments from the likes of Apple (AAPL.O) and Dell (DELL.N) and force firms to boost local manufacturing. Tai was in India to join the G20 trade ministers' meeting last week in the western state of Rajasthan. India's new licensing regime, which is due to come into effect on November 1, aims to "ensure trusted hardware and systems" enter the nation. It also seeks to reduce dependence on imports, boost local manufacturing, and in part address the country's trade imbalance with China, according to an Indian government official.

Persons: Katherine Tai, Rebecca Cook, Tai, Piyush Goyal, Shivangi Acharya, Sharon Singleton Organizations: Trade, Detroit , Michigan U.S, REUTERS, DELHI, Apple, Dell, India's Trade, World Trade Organisation, Thomson Locations: Detroit , Michigan, India, Rajasthan, China, U.S, New Delhi

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