WASHINGTON, June 10 (Reuters) – The U.S. House of
Representatives on Wednesday voted to repeal meat labeling laws,
which were widely backed by U.S. consumer groups, after Canada
and Mexico threatened $3 billion in trade sanctions.
The House voted 300-131 to repeal country-of-origin labeling
(COOL) rules on beef, pork and poultry, after the World Trade
Organization ruled they discriminated against imported meat.
WASHINGTON, June 10 (Reuters) – The U.S. Senate expressed
strong support of the U.S. Export-Import Bank on Wednesday in a
test vote amid efforts by conservatives to close the export
credit agency when its mandate expires at the end of the month.
The Senate voted 65-31 against setting aside an amendment to
a defense bill that would renew Ex-Im’s charter and implement
some reforms to the 80-year-old trade bank.
WASHINGTON, June 5 (Reuters) – The discovery of scores of
graves in people-smuggling camps in Malaysia is casting a shadow
over President Barack Obama’s signature trade deal as U.S.
lawmakers consider punishing trading partners that are soft on
Just as Obama’s drive to win “fast-track” trade negotiating
authority for the deal entered its most sensitive stage in the
U.S. Congress, Malaysian police announced the discovery of 139
graves in jungle camps used by suspected smugglers and
traffickers of Rohingya Muslims from Myanmar.
(Reuters) – The chairman of the U.S. Senate Banking
Committee will decide in a “week or so” whether to try to extend
the Export-Import Bank’s term, which runs out at the end of
Republican Richard Shelby said he did not intend to take up
a bipartisan reauthorization bill put forward by committee
members, seen as the best hope to throw the bank a lifeline.
WASHINGTON, June 3 (Reuters) – Ramping up a campaign to shut
down the U.S. Export-Import Bank, Republican lawmakers on
Wednesday accused the federal export financing bank of exposing
U.S. taxpayers to losses over the foundering of an Australian
Ex-Im in 2012 authorized a $280 million loan for Australian
firm NewSat’s purchase of a satellite from U.S.-based
aerospace group Lockheed Martin. NewSat earlier this
year was placed in administration.
CHICAGO/WASHINGTON, June 3 (Reuters) – U.S. steel companies
on Wednesday filed a complaint with the U.S. government over
cheaper imports of corrosion-resistant steel from China, India,
Italy, South Korea and Taiwan, kicking off a process that could
end in import duties.
The companies alleged steel producers in the five countries
benefited from a wide range of subsidies not available to their
American counterparts. The firms have identified 48 different
subsidy programs in China, 88 in India, 12 in Italy, 43 in Korea
and 22 in Taiwan.
WASHINGTON (Reuters) – Whistleblower website WikiLeaks offered a $100,000 bounty for copies of a Pacific trade pact that is a central plank of President Barack Obama’s diplomatic pivot to Asia on Tuesday.
WikiLeaks, which has published leaked chapters of the Trans-Pacific Partnership (TPP) negotiating text before, started a drive to crowdsource money for the reward, just as U.S. unions launched a new push to make the text public.
(Reuters) – A majority of Americans support new trade deals, a Reuters/Ipsos poll showed on Wednesday, even as President Barack Obama struggles to win support for legislation key to sealing a signature Pacific Rim trade agreement.
The House of Representatives is expected to consider a bill to speed trade deals through Congress in June, after it passed the Senate by a comfortable margin.
OTTAWA, May 26 (Reuters) – Canadian farmers are stepping up
their campaign against a nearly complete Pacific trade pact they
fear will destroy protections for local dairy, egg and chicken
producers and endanger jobs.
Farmers in the province of Quebec, which produces 40 percent
of Canada’s dairy products, ran full-page newspaper
advertisements on Tuesday warning Trans-Pacific Partnership
(TPP) negotiations threaten incomes and jobs.
WASHINGTON (Reuters) – President Barack Obama’s keynote Asian trade push risks failing in a Senate vote on Thursday, a result that would threaten the administration’s diplomatic pivot to Asia to counter China’s rising economic and political clout in the region.
Failure of “fast-track” legislation, which would grant Obama the power to speed the deal through Congress, would mark a huge blow for the president, who has made a deepening of ties with Asia one of his top foreign policy priorities.