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In the News: Auto Tariffs, WTO Rulings, Cocoa Imports, Asia Trade Deal

Thursday, November 07, 2019
Sandler, Travis & Rosenberg Trade Report

U.S. may not need to put tariffs on European cars, Ross says

“‘Our hope is that the negotiations we’ve been having with individual companies about their capital investment plans will bear enough fruit that it may not be necessary to put the 232 fully into effect, may not even be necessary to put it partly in effect,’ Ross told Bloomberg Television on Sunday, referring to the investigation under Section 232 of a 1962 trade law.”

[Bloomberg]

U.S. unveils new veto threat against WTO rulings

“The United States ramped up its challenge to the global trading system on Friday, telling the World Trade Organization that appeals rulings in trade disputes could be vetoed if they took longer than the allowed 90 days.”

[Valliant News]

U.S. officials investigate whether to block critical cocoa imports

“The investigation follows a July letter from two U.S. senators asking customs officials to issue an order blocking cocoa from Ivory Coast from entering the United States unless the shipments are demonstrated to be free of child labor. The West African nation is the world’s largest producer.”

[Washington Post]

India exits China-backed trade deal as 15 nations ready to sign

“China has sought to accelerate the deal as it faces slowing growth from a trade war with the U.S., which withdrew from the Trans-Pacific Partnership after Donald Trump took office in 2017. A deal would further integrate Asia’s economies with China just as the Trump administration urges Asian nations to shun Chinese infrastructure loans and 5G technology.”

[Bloomberg]

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