Trade Update – May 21, 2024

Featured Headlines

Tourism Spending in California Reaches Record High  CalChamber, May 15, 2024 National Travel and Tourism Week U.S. Travel, May 2024

CalChamber Companies in the News

Military Heroes Honored at Phillies Salute to Service presented by Toyota
MLB.com, May 20, 2024

Anheuser-Busch InBev S.A. ADR outperforms competitors on strong trading day
Market Watch, May 17, 2024

Walmart’s business surges as shoppers hunt for low prices
CNN Business, May 16, 2024

PRIDE Industries Receives Human Rights Award from HP Inc.
Yahoo, May 8, 2024

Trade Policy

White House

First Lady Jill Biden to Host Kenya State Dinner Media Preview and Spousal Program Events with First Lady Rachel Ruto
the White House, May 21, 2024

A Proclamation on World Trade Week, 2024
The White House, May 17 ,2024

Readout of National Security Advisor Jake Sullivan’s Meeting with President Santiago Peña of Paraguay
The White House, May 16, 2024

U.S.-Canada Joint Statement on the Extension of the Bilateral Energy Transformation Task Force
The White House, May 16, 2024

WHAT THEY ARE SAYING: Labor, Business, and Elected Leaders Praise President Biden’s Actions to Protect American Workers and Businesses from China’s Unfair Trade Practices
The White House, May 16, 2024

FACT SHEET: Biden-⁠Harris Administration Takes Action to Strengthen American Solar Manufacturing and Protect Manufacturers and Workers from China’s Unfair Trade Practices
The White House, May 16, 2024

Statement from NSC Spokesperson Adrienne Watson on the U.S.-PRC Talks on AI Risk and Safety
The White House, May 15, 2024

US Department of Commerce

U.S. Secretary of Commerce Gina Raimondo Releases Strategic Vision on AI Safety, Announces Plan for Global Cooperation Among AI Safety Institutes
U.S. Department of Commerce, May 21, 2024

Commerce Secretary Raimondo Applauds Kenya as a Leader in Africa’s Digital Transformation
U.S. Department of Commerce, May 15, 2024

Polar Semiconductor set to gain US government grant of $120 million
Reuters, May 13, 2024

U.S. Trade Representative

Readout of Ambassador Katherine Tai’s Meeting With Peru’s Minister of Foreign Trade and Tourism Elizabeth Galdo Marín
United States Trade Representative, May 17, 2024

The Office of the U.S. Trade Representative, Small Business Administration, and Department of Commerce Convene the Third USMCA Small and Medium-Sized Enterprise Dialogue
United States Trade Representative, May 17, 2024

Tai heads to Peru for hollowed-out APEC trade meeting
PoloticoPro, May 15, 2024

ICYMI: U.S. Trade Representative Katherine Tai Delivers Remarks on Her Actions to Increase China Tariffs
United States Trade Representative, May 14, 2024

U.S. Trade Representative Katherine Tai to Take Further Action on China Tariffs After Releasing Statutory Four-Year Review
United States Trade Representative, May 14, 2024

Treasury 

READOUT: U.S. Treasury Meeting with Argentina’s Chief of Cabinet Nicolás Posse and Foreign Minister Diana Mondino
U.S. Department of the Treasury, May 17, 2024

Assistant Secretary for International Trade and Development Alexia Latortue on the Asian Development Bank Annual Meetings and Asian Development Fund Replenishment
 U.S. Department of the Treasury, May 15, 2024

U.S. Department of Agriculture

USDA Announces Availability of Funding for Projects to Address Specialty Crop Export Challenges
USDA Foreign Agricultural Service, May 17, 2024

Additional FY 2024 Funds Available for Export Credit Guarantee Program (GSM-102)
USDA Foreign Agricultural Service, May 15, 2024

U.S. Paves Way for UN to Declare 2026 as International Year of the Woman Farmer
USDA Foreign Agricultural Service, May 2, 2024

US Trade and Development Agency

USTDA chief to lead US delegation to Indo-Pacific business forum in PH
Inquirer, May 15, 2024

World Trade Organization

Webinar stresses potential of services trade to boost growth in Latin America, Caribbean
WTO, May 17, 2024

Trade data reveal changing patterns in electric vehicles market
WTO Blog, May 14, 2024

Trade Agreements/ Cooperation

India-Greece: Exploring the possibilities in strengthening bilateral ties
Greek City Times, May 20, 2024

Ruto On First State Visit By Kenyan Leader To US In Two Decades
Barron’s, May 20, 2024

Chinese ambassador promises ‘friendship’ and ‘cooperation’ as 2 Chinese warships dock in Cambodia
Associated Press, May 18, 2024

Peru and Hong Kong announce substantial conclusion of negotiations for trade agreement
Peru News Agency, May 17, 2024

Mauritius formally accepts Agreement on Fisheries Subsidies
WTO, May 14, 2024

California

California’s new ‘Honest Pricing Law’ will require cruise lines to be transparent about fees
Insider, May 19, 2024

California To Generate $15.5B In Investments And 2,100 New Jobs (businessfacilities.com)
Business Facilities, May 17, 2024

More International Articles

London Remains Top Pick in Europe for Financial Investors; Paris Comes Second
Bloomberg, May 19, 2024

Musk, Indonesian health minister, launch Starlink for health sector
Reuters, May 19, 2024

Indonesia Eases Import Rule For Some Goods To Clear Containers
GCaptain, May 18, 2024

UN experts say South Sudan is close to securing a $13 billion oil-backed loan from a UAE company
Associated Press, May 17, 2024

German council approves a revised plan by Tesla to expand its plant near Berlin
Associated Press, May 17, 2024

China rolls out new measures to fix its property crisis, spur growth
Associated Press, May 17,2024

U.S. Blocks Imports From 26 More Chinese Companies Over Forced Labor Concerns
Wall Street Journal, May 16, 2024

Panama Canal Slowly Returning to Normal Operations
GCaptain, May 16, 2024

US will send an unofficial delegation as Taiwan’s president is sworn in. It’ll test ties with China
Associated Press, May 15, 2024

The AI Boost to Global Trade Might Also Widen Imbalances
Bloomberg, May 14, 2024

Biden hikes tariffs on Chinese EVs, solar cells, steel, aluminum — and snipes at Trump
Associated Press, May 14,2024