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In the News: EU Tariffs, USMCA, WTO Reform, Mercosur

Friday, January 24, 2020
Sandler, Travis & Rosenberg Trade Report

Trump threatens to tariff European autos if EU trade talks fail

“Trump did not specify when he would impose the tariffs, adding that ‘they know they have to do something, and if they’re fair, we’re not going to have a problem.’”

[The Hill]

Canada to start ratification of North America trade deal

“Trudeau told reporters legislation would be introduced on January 29 ‘to ratify the deal.’”

[AFP]

Trump, WTO chief to discuss changes to trade arbiter

“WTO Director General Roberto Azevedo and other representatives from the world body would arrive in Washington ‘sometime next week or maybe the week after, and we’ll start working on it,’ Trump added.”

[Reuters]

Mercosur braces for change amid calls for new trade rules

“Individual trade agreements by the Mercosur members are banned by what’s known as ‘Decision 32,’ which was agreed at a summit in Buenos Aires 20 years ago. Changing the rule would mean transforming the bloc from a customs union to a free-trade zone, which wouldn’t be simple and would require long discussions.”

[Buenos Aires Times]

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