EU hopeful of ending U.S. aircraft dispute by July
“Both sides agreed in March to suspend tariffs on billions of dollars of imports in a 16-year-old dispute at the World Trade Organization over subsidies for planemakers Airbus and Boeing. The suspension runs until July 10, with tariffs re-applying on July 11 if there is no solution.”
[Reuters]
U.S. moves to double tariffs on Canadian softwood lumber imports
“The department's recommendation to more than double the 'all others’ preliminary countervailing and anti-dumping rate to 18.32 per cent from 8.99 per cent on Friday drew criticism from the Canadian government and industry and applause from the lumber industry south of the border.”
[The Canadian Press]
China behind on trade deal purchases
“To stay on track with the agreement, China would have needed buy $64.5 billion worth of U.S. goods during the first four months of this year, Peterson Institute senior fellow Chad P. Bown estimated in a report Tuesday, citing Chinese customs data. However, the data showed China’s purchases of U.S. goods reached only 73% of the year-to-date target as of April, the report said. Based on U.S. data, the level of progress falls to 60%, the institute said.”
[CNBC]
Trump era aluminum tariffs have revived U.S. industry - think-tank
“The report argues that the causal relationship between primary aluminum prices and those of end-use goods made from aluminum, including canned beer, construction products, furniture and motor vehicle bodies, shows the effects to be ‘statistically zero to economically trivial.’”
[Reuters]
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