Background

U.S. weighs higher tariff ceilings in bid for more sway over WTO

“But according to people familiar with the discussions, the administration’s strategy is to start with a proposal to renegotiate America’s WTO tariffs with the expectations that the WTO’s other 163 members would not collectively agree to new multilateral terms. If and when WTO talks fail, the Trump administration would then consider moving forward unilaterally to impose reciprocal tariffs on America’s trade partners.”

[Bloomberg]

China Customs taking measures to stabilize trade

“The measures are aimed at increasing the support for foreign trade enterprises in the country and ease their problems, according to a statement released by the GAC on Sunday. Customs will simplify business registration and filing procedures, and offer timely help to enterprises, especially small and medium-sized ones, to solve their problems in imports and exports.”

[China Daily]

Ships are skipping China and it’s causing turmoil for trade
“Dozens of export sailings to ship China-made goods to consumers from the U.S. to Europe -- think handbags, flat-screen TVs, and plastic toys -- have been canned since the coronavirus crisis escalated last month. Those non-shipments are part of a much bigger picture in which every aspect of global shipping -- from oil and gas through to dry-bulk commodities -- has been upended.”

[Economic Times]

Trump says working on big trade deal with India, but will take time

“As Trump heads to India on his first official trip on Monday, negotiators have been trying for weeks to put together a limited accord giving the U.S. greater access to India’s dairy and poultry markets and lowering tariffs on other products. But no breakthrough has yet been announced and a planned trip by United States Trade Representative Robert Lighthizer was canceled, underlining the difficulties the two sides face in narrowing differences ahead of Trump’s visit.”

[Reuters]

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