The U.S. has vowed to relegate the World Trade Organization to only a limited role in global trade policy, following the breakdown of talks at recent ministerial meetings, if the body fails to reinstitute a moratorium on e-commerce duties.
The Trump administration on Friday finalized new biofuel blending volumes mandates for the U.S. oil refiners, requiring more of the fuels made from corn and other agricultural products than initially proposed,in an apparent win for U.S. farmers.
U.S. Ambassador Pete Hoekstra says Canada should make the case that it’s a good business parter so it can avoid high tariffs. Some Canadian agriculture experts say that’s already happening.
The Trump administration on Monday urged World Trade Organization members to rethink the body’s core principle of “Most Favored Nation” bound tariff rates, arguing in a new position paper that this has led to discriminatory practices and imbalanced trade, including with China.
Top U.S. and Chinese economic officials held “remarkably stable” talks in Paris on Sunday that touched on potential areas of agreement in agriculture, critical minerals and managed trade for U.S. President Donald Trump and Chinese President Xi Jinping to consider in Beijing, two sources familiar with the talks said.
U.S. Ambassador to Canada Pete Hoekstra said Washington wants to renew the Canada-U.S.-Mexico trade pact but faces resistance from Canada, underscoring uncertainty as a mandatory July 1 review approaches.
Kansas lawmakers were set to take up a bill on Tuesday backed by Bayer that would prevent people from suing pesticide manufacturers for not warning them that their products could cause cancer or other illnesses.
The U.S. Trade Representative’s office said on Monday it will seek further reductions in foreign tariffs and non-tariff barriers this year, enforce its “reciprocal” trade deals and consider launching new unfair trade practices investigations.
The Trump administration has settled on a plan that would require big oil refineries to make up for at least half of the biofuel blending volumes obligations waived in recent years under the Small Refinery Exemption program, according to three sources familiar with the discussions.
U.S. and Canadian trade officials spoke on Wednesday and plan to meet in coming weeks, U.S. Trade Representative Jamieson Greer said, adding that the Trump administration was open to their ideas on how to reach an agreement.