House Democrats are poring over a letter from U.S. Trade Representative Robert Lighthizer on proposed fixes for the U.S.-Mexico-Canada Agreement, and House Ways and Means Committee Chairman Richard Neal said Thursday he’s preparing a response to send back Thursday or Friday.
Lawmakers return from their extended summer recess facing pressure from farm groups to ratify the U.S.-Mexico-Canada trade agreement and staring at an Oct. 1 deadline to pass a stopgap spending bill and avoid another government shutdown.
President Donald Trump said Thursday he will hit roughly $300 billion worth of Chinese goods — effectively the only goods remaining untaxed in the ongoing trade war — with a 10% tariff on Sept. 1, raising concerns that the recently renewed trade talks are not going well.
The U.S. and China have wrapped up their first round of face-to-face trade negotiations since talks fell apart in May and both sides agreed to meet again in September as President Donald Trump continues to tone down expectations of a quick resolution.
Specific demands have now been made by House Democrats for changes to the U.S.-Mexico-Canada Agreement, and they say it’s now up to the Trump administration to make them happen as lawmakers embark on their six-week summer recess.
The telephone talks between U.S. and Chinese trade negotiators went well last week, potentially leading to an in-person meeting next week and an increase in Chinese imports of U.S. soybeans, according to Chinese and U.S. sources.
The Trump administration is eyeing next week’s Group of 20 summit in Japan to jump-start negotiations with China and make continued progress toward a deal with the Japanese to reduce their barriers to beef, pork and other U.S. farm commodities.
The White House steps up its campaign to get Congress to approve the U.S.-Mexico-Canada trade agreement this week, dispatching U.S. Trade Representative Robert Lighthizer for hearings on both sides of Capitol Hill.
Multiple sources agree that African Swine Fever, first confirmed in China on Aug. 2, 2018, in the northeastern city of Shenyang, is ravaging the Asian giant’s pork industry in a way that will have impacts on global protein production and feed consumption for several years in the future.