Are you sure you'd like to remove this alert? You will no longer receive email updates about this topic.
House Ways and Means Committee Chairman Kevin Brady (R-Texas) made remarks on the trajectory of NAFTA 2.0 talks and the US-China trade situation. Meanwhile, Sen. Joni Ernst (R-Iowa) took issue with remarks by President Donald Trump's trade adviser Peter Navarro that sought to play down the impact of new tariffs.
Amid escalating trade tensions and tit-for-tat trade actions, talks aimed at defusing the situation the US and China have essentially been on hold for several weeks, according to comments from key lawmakers and a Trump administration official.
Rising trade tensions could forfeit hard fought gains in international trade was the warning delivered by European Commissioner for Trade Cecilia Malmstrom in a July 19 speech to the German Marshall Fund. Her remarks came the same day the US Commerce Department held a hearing to consider new tariffs on automobiles and automobile parts from the European Union (EU) and other trade partners.
Day ahead – July 19, 2018: House votes to conference farm bill, RFS waivers discussed at hearing, House ag labor bill
The House Wednesday (July 18) agreed by unanimous consent to send its farm bill to a conference committee to reconcile the measure with the Senate's version. Meanwhile, small refiner waivers were among topics raised at EPA RFS hearing and House Republicans unveiled an ag labor bill.
Economic hardship caused by new tariffs imposed by President Donald Trump and retaliatory tariffs then put in place by trade partners were detailed by multiple agricultural producers and an economist during a House Ways and Means Subcommittee on Trade hearing Wednesday (July 18).
Day ahead – July 18, 2018: House farm bill action today, Congress may act on Trump tariffs, tariffs effects on US agriculture
The House is scheduled to vote this afternoon to go to conference with the Senate on their respective farm bills. Meanwhile, Sen. Orrin Hatch signaled he may back of legislation to rein in presidential authority on tariffs and the effect of President Donald Trump's new tariffs on US agricultural producers is the topic of a House panel hearing today (July 18).
Current US trade policy actions and responses from foreign countries are continuing as a point of debate, with Fed Chairman Jerome Powell reluctantly dragged into the discussion this week.
A proposal stressing the need for further tariff reductions and greater market access to advance agricultural trade negotiations at the World Trade Organization (WTO) was offered by the US at a July 16 special session of WTO's Committee on Agriculture.
Day ahead – July 17, 2018: Farm bill timing update, Legislative action on Trump’s trade powers, USDA science pick
House action to move to conference on the farm bill with the Senate could arrive Thursday. Meanwhile, legislative action on Trump's trade powers could go forward, House Ways & Means Committee Chairman Kevin Brady told reporters, and Scott Hutchins was nominated to be USDA undersecretary for research, education and economics.
All set! This article has been sent to email@example.com.
All fields are required. For multiple recipients, separate email addresses with a semicolon.
Please Note: Only individuals with an active subscription will be able to access the full article. All other readers will be directed to the abstract and would need to subscribe.