U.S. trade court to weigh challenge to Trump's forced labor tariffs
“Three lawsuits, consolidated in the US Court of International Trade in New York, argue that the new tariffs require country-specific findings about unfair trade practices to be legally justified. Rather than conducting any real investigation into forced labor, Trump is simply using ‘forced labor’ as a pretext to revive his claim to an unfettered global tariff power that US courts have repeatedly rejected, according to the lawsuits.”
[Reuters]
Trump sees no urgency for Canada deal as trade dispute deepens
“‘We're still getting what we need from them in terms of oil, gas, potash, all of these things. We're shipping (agricultural products) back and forth across the border, so there's still a lot of strong trade between the two countries,’ Greer told CNBC. ‘We're comfortable with where we are.’”
[Reuters]
Mexico says fourth round of U.S. trade talks postponed
“The negotiations are seeking an interim bilateral bargain under which Mexico could win relief from some US tariffs while addressing US demands on areas including automotive content and Chinese investment.”
[Reuters]
India looks to advance trade deal with U.S.
“Commerce Secretary Rajesh Agrawal said earlier this month that the proposed trade agreement has been largely finalized and that both sides are now working on a framework to provide preferential access to each other’s markets before formally signing the deal.”
[India New England]
WTO sets up panel on EU carbon border rules
“Moscow argued that the CBAM package creates significant barriers for covered goods entering the European market, and that the allocation of emission allowances to certain companies under the ETS amounts to an export subsidy supporting the competitiveness of selected domestic industries.”
[Devdiscourse]
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