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Ambassador: UK willing to talk climate, labor with Biden team to wrap up trade deal “It is a good deal, it’s a bespoke deal. It wouldn’t take too much bandwidth to get it through Congress, and we’d be delighted to work with the Biden administration.” Thu, 2:15 PM EU looking past Trump in hopes of resolving Boeing-Airbus disputes “The EU will engage with the new U.S. administration at the earliest possible moment to continue these negotiations and find a lasting solution to the dispute.” Thu, 10:30 AM Year ahead: China Biden faces challenges in cooperating with China -- and, with allies, against it By Brett Fortnam When President-elect Joe Biden takes office in mid-January, a new dynamic inevitably will emerge in the U.S.-China relationship. The question is: Will it resemble the reset called for by some prominent Chinese officials, a more adversarial approach suggested by Biden during the campaign, or a mix of competitive and collaborative strategies? USTR due for modest funding increase in FY2021, but less than requested By Dan Dupont The Office of the U.S. Trade Representative will have $70 million to spend in fiscal year 2021, more than last year but less than the Trump administration had requested, according to the omnibus appropriations bill signed by the president in late December. Year ahead: Trade calendar A new administration means a wide-open 2021 trade calendar The trade to-do list for the Biden administration and the 117th Congress is a long one: President-elect Biden, who will be sworn in on Jan. 20, will have to nominate a full slate of trade advisers and hope they are approved, while lawmakers are expected to weigh the looming expiration of Trade Promotion Authority and the end of two trade preference programs at the close of 2020. U.S., irked by EU tariff calculations, adds products to its list in Boeing-Airbus dispute By Dan Dupont The Trump administration is imposing tariffs on additional goods from Europe in response to what it says were unfair calculations made by the European Union in its approach to retaliating against the U.S. for subsidies provided to Boeing, the Office of the U.S. Trade Representative said on Wednesday. Year ahead: The WTO WTO dispute settlement in 2021: A new U.S. team, but same old issues? By Hannah Monicken Many in Geneva are breathing a sigh of relief at the chance of working with a more multilateral-friendly U.S. under President-elect Joe Biden, but the Trump administration’s World Trade Organization dispute settlement approach – from the Appellate Body to the use of the national security exception – will continue to reverberate in 2021. Year ahead: The WTO WTO enters 2021 leaderless, amid hopes for renewed U.S. engagement By Hannah Monicken The key word for the World Trade Organization in 2021 is leadership. Will there be a new director-general to wield it? Can the U.S. reassert it? And will it be enough to pull the WTO out of its deep, dysfunctional hole? Labor officials: U.S. closely watching Mexican USMCA commitments While unions and Democratic lawmakers are eager to put the U.S.-Mexico-Canada Agreement’s new labor enforcement mechanisms to use, two officials overseeing the implementation of the deal recently took pains to note the substantial nature of Mexico’s labor reforms – and to stress that the road ahead won’t always be smooth.  MEMA lauds USMCA merchandise processing fee correction “This action corrects a mistake in the USMCA implementing bill that inadvertently eliminated the right to a refund.” Industry groups oppose tariffs on Vietnam, blame growing deficit on China duties Several industry groups on Tuesday urged the Office of the U.S. Trade Representative not to impose tariffs on Vietnam in response to alleged currency undervaluation, arguing the rising U.S. trade deficit with Vietnam is the result of Section 301 tariffs on China and warning that new tariffs would harm U.S. interests and consumers. Biden laments transition obstruction, ‘vacuum’ of trust among allies The Trump administration is hindering efforts to ensure a smooth transition of power, President-elect Joe Biden said on Monday, citing briefings from transition officials about the “critical early investment” needed to ensure the U.S. can rebuild alliances to take on key threats – including China. Analysts: Biden must bridge gaps between environment and trade As President-elect Joe Biden prepares to take office in January, embarking on an unprecedented effort to battle climate change, trade analysts say they are waiting to see how the new administration plans to use trade policy to achieve his climate goals – and whether it’s possible to do so. WTO: U.S. pitches remedies to enforce environmental level playing field The World Trade Organization should treat a country’s failure to uphold basic environmental standards as a subsidy and allow other members to impose countervailing duties to offset the benefit received by an industry that does not meet “a threshold of fundamental standards,” the U.S. proposed in Geneva last week.Sign up for 30 days of no-obligation access to World Trade Online for all the essential news. USTR silent on transition efforts amid reports of a lack of cooperation With less than a month to go before Inauguration Day, the Office of the U.S. Trade Representative has yet to comment on what, if anything, it is doing to cooperate with the transition team set up by President-elect Joe Biden to smooth the transfer of power for his new team.Inside U.S. Trade is a subscription-fee-based daily online news service from Inside Washington Publishers.SITE LICENSEEconomical site license packages are available to fit any size organization, from a few people at one location to company-wide access. For more information on how you can get greater access for your office, contact Online Customer Service at 703-416-8505 or trade@iwpnews.com.CONNECT WITH US

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