Trade Update – April 9, 2024

CalChamber Council for International Trade

Featured Headlines

USTR Releases 2024 National Trade Estimate Report on Foreign Trade Barriers
United States Trade Representative, March 29, 2024
USTR’s trade barrier report deepens feud with business community
POLITICOPro, March 29, 2024
U.S. Chamber Decries USTR’s Capitulation on Foreign Trade Barriers
U.S. Chamber of Commerce, March 29, 2024
NFTC: NTE Report Gives “Free Pass” to Foreign Governments to Discriminate
National Foreign Trade Council, March 29, 2024
U.S. Remains World’s Top Destination for Foreign Direct Investment for 12th Consecutive Year
U.S. Department of Commerce, April 4, 2024

CalChamber Companies in the News

Chevron’s Collaborative Technical Event With Petrol Ofisi Reinforces Its Commitment To Drive Change Through Partnership
GCaptain, March 26, 2024

Trade Policy

White House

Readout of Latest Industry Stakeholder Engagements on the Port of Baltimore
The White House, April 8, 2024

Statement from President Joe Biden on CHIPS and Science Act Preliminary Agreement with TSMC
The White House, April 8, 2024

Readout of President Joe Biden’s Call with President Xi Jinping of the People’s Republic of China
The White House, April 2, 2024


US will push China to change a policy threatening American jobs, Treasury Secretary Yellen says
Associated Press, April 8, 2024 

Top Treasury Official Argues for US to Adopt Global Minimum Tax
Bloomberg, April 5, 2024

Fed Says US Economy Is Strong Enough to Wait on Cuts
Bloomberg, March 30, 2024

Yellen Warns China’s Industry Ramp-Up Is Distorting World Economy
Bloomberg, March 27, 2024

US Department of Commerce

Biden-Harris Administration Announces Preliminary Terms with TSMC, Expanded Investment from Company to Bring World’s Most Advanced Leading-Edge Technology to the U.S.
U.S. Department of Commerce, April 8, 2024

US Trade Representative

USTR Releases Summaries from U.S. – Kenya Strategic Trade and Investment Partnership Negotiations
U.S. Trade Representative, April 5, 2024

Export-Import Bank 

Export-Import Bank of the U.S. Announces It Will Begin Accepting Applications for 2024-2025 Advisory Committees
EXIM.GOV, April 1, 2024

US Trade and Development Agency

USTDA Advances Affordable Connectivity in Micronesia, Pacific Islands
USTDA, April 4, 2024

USTDA Collaborates with India for Climate Action
USTDA, March 27, 2024

World Trade Organization

WTO launches online registration for 2024 Public Forum, call for proposals
WTO, April 5, 2024

Australia and China announce mutually agreed solution in dispute over wine duties
WTO, April 3, 2024

Trade Agreements/ Cooperation

EU commissioner says FTA with Australia would help minerals push
MINING.COM, April 8, 2024
Press Release for the Joint Press Statement on EU-Australia Energy Relations
EEAS (, April 4th, 2024
EU-Australia agree on importance of energy cooperation
Energy (, April 4, 2024

U.S. and UK Announce Partnership on Science of AI Safety
U.S. Department of Commerce, April 1, 2024

US Oil Suppliers Muscling Into OPEC+ Markets All Over the World
Bloomberg, March 31, 2024


CalChamber Releases 2024 Job Killer List
Advocacy – California Chamber of Commerce, April 3, 2024
 Political ritual: California labor priorities and business ‘job killers’ again on a collision course
Opinion (, April 5, 2024

CalChamber Announces New Women’s Leadership Council to Support Women in Business

Advocacy – California Chamber of Commerce, March 27, 2024

Visa changes for foreign workers could burden some California businesses
Los Angeles Times, April 8, 2024

CalChamber-Sponsored Bill Prepares Future Workforce in AI Literacy
Advocacy – California Chamber of Commerce, April 2, 2024

New $20 minimum wage for fast food workers in California is set to start Monday
Associated Press, March 31, 2024

LA, Long Beach ports may see increase in cargo traffic as a result of Baltimore bridge tragedy
NBC-Los Angeles, March 28, 2024

More International Articles

Clearing the waters: Dispelling myths about Panama Canal operations
American Journal of Transportation, April 9, 2024

Ecuadorian police broke into Mexico’s embassy, sparking outrage. Why is this such a big deal?
Associated Press, April 7th, 2024

China Shock 2.0 Sparks Global Backlash Against Flood of Cheap Goods
Wall Street Journal, April 5, 2024

Canada Goods-Trade Surplus Widens With Strongest Export Growth in Six Months
Wall Street Journal, April 4, 2024

Inflation has slid again in Europe. Here’s what that means for interest
Associated Press, April 3, 2024

Biden and Xi discuss Taiwan, AI and fentanyl in a push to return to regular leader talks
Associated Press, April 2, 2024

Zimbabwe Set to Announce Fate of Local Currency After 73% Plunge
Bloomberg, April 2, 2024

UK Confirmed in Recession at End of 2023
Wall Street Journal, March 28, 2024

Japan Amps Up Intervention Threat as Yen Hits Lowest Since 1990
Bloomberg, March 27, 2024

Baltimore Bridge Collapse Reverberates From Cars to Coal
Bloomberg, March 27, 2024

Baltimore Port Gridlock: Francis Scott Key Bridge Collapse Triggers Trade Crisis; Disrupting Coal, Cobalt & Metals Markets
(, March 27, 2024 

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