China opened a case at the World Trade Organization against the U.S. Inflation Reduction Act's rules for electric vehicle subsidies and "other measures," the nation's Ministry of Commerce announced March 26, according to an unofficial translation.
The European Commission on March 22 proposed increasing tariffs on imports of cereals, oilseeds and derivative products from Russia and Belarus, including "wheat, maize, and sunflower meal." The European Council will next review the proposal.
India and the U.S. told the World Trade Organization that they reached a solution in the U.S. dispute on India's tariff measures on certain agricultural products, the WTO announced. India and the U.S. resolved six other disputes last year (see 2306230038), the WTO noted.
Reps. Darin LaHood, R-Ill., and Randy Feenstra, R-Iowa, both members of the House Ways and Means Committee, announced last week that they have sent two letters to the Biden administration calling for more action to promote U.S. biofuel exports.
If Donald Trump is elected to a second presidential term, his administration should focus on communicating better with other governments and American companies about upcoming policy decisions, said Elisabeth Braw, a senior fellow with the Atlantic Council’s Transatlantic Security Initiative.
The Council of the EU and the European Parliament "provisionally" agreed March 20 to renew until June 5, 2025, the suspension of import duties and quotas on goods from Ukraine for another year, the council announced. The council and parliament will next need to formally approve the agreement for the one-year extension.
The Council of the EU on March 19 approved reform efforts for the EU Court of Justice, transferring jurisdiction of various issues to the EU General Court. The council must now approve amendments to both courts' rules of procedure before the changes take effect.
The Council of the EU on March 18 cleared the final hurdle to ratification of the EU-Chile bilateral trade agreement (see 2312050013), the council announced. After Chile completes its "internal ratification process" and the two sides have "communicated the completion of their respective internal procedures," the deal will take effect on "the first day of the third month following the date of notification," the council said.
The Census Bureau emailed tips this week on how to address the most frequent messages generated this month in the Automated Export System.
Twenty-two Republican senators -- including the top Republicans on the Senate Finance and Agriculture committees and one of the front-runners to replace Minority Leader Mitch McConnell -- argue that the "current sharp decline in U.S. agricultural exports is directly attributable to and exacerbated by an unambitious U.S. trade strategy that is failing to meaningfully expand market access or reduce tariff and non-tariff barriers to trade."