The United States and China have largely agreed on a mechanism to police any trade agreement they reach, including establishing new enforcement offices, U.S. Treasury Secretary Steven Mnuchin said on Wednesday.
U.S.-China trade negotiations need to reach a successful end by March 1 or new tariffs will be imposed, U.S. Trade Representative Robert Lighthizer said on Sunday, clarifying there is a “hard deadline” after a week of seeming confusion among President Donald Trump and his advisers.
Canada has filed an expansive complaint with the World Trade Organization accusing the US of breaking international trade rules. The complaint challenges the ways that the US investigates products for subsidies and below-cost sales. As expected the US called the claims unfounded.
The United States President Donald Trump’s trade chief said on Monday that the World Trade Organization (WTO) is losing its focus on trade negotiations in favor of litigation, and was going too easy on wealthier developing countries such as China.
The politicians overseeing the renegotiation of NAFTA won't be meeting face to face at the end of this round of talks, unlike the previous four rounds of discussions.