Trade Update – June 11, 2024

CalChamber Council for International Trade

Featured Headlines

European Parliament poised for rightward shift after final voting
Reuters, June 8, 2024

Slovakia, Italy and others go to the polls in EU elections under the shadow of an assassination attempt
The Independent, June 8, 2024

How India conducted the world’s largest election
Reuters, June 5, 2024

India’s Election Results: 5 Surprising Takeaways
Time, June 6,2024

Mexico’s Sheinbaum Contends With AMLO’s Legacy
Bloomberg, June 3, 2024

CPPI Report 2024
SPGlobal, 2024

CalChamber Companies in the News

Hyundai and Kia are closing the gap with Tesla as US EV market share hits double-digits
Electrek, June 10, 2024

Hoag Recruits Renowned Gastroenterologist Dr. Kenneth Chang as Executive Medical Director of Digestive Health Institute
PR Newswire, June 10, 2024

Boeing launches NASA astronauts for the first time after years of delays
Associated Press, June 5, 2024

Sierra Nevada Brewing Co. Renews Commitment to Conservation with Continued Support of Trust for Public Land
PR Newswire May 29, 2024

Trade Policy

White House

Statement from President Joe Biden Congratulating Claudia Sheinbaum as President-elect of Mexico
The White House, June 3, 2024

Readout of Supply Chain Disruptions Task Force Meeting to Prepare for Reopening of the Port of Baltimore
The White House, June 1, 2024

A Proclamation on Adjusting Imports of Steel Into the United States
The White House, May 31, 2024

US Department of Commerce

Raimondo Announces IPEF Agreements Signed in Singapore, Announces $23B in Priority Infrastructure Projects at Inaugural Clean Economy Investor Forum
U.S. Department of Commerce June 6, 2024

FACT SHEET: IPEF Clean Economy Investor Forum
U.S. Department of Commerce June 6, 2024

Fact Sheet: U.S.-Singapore Shared Principles and Collaboration on Artificial Intelligence
U.S. Department of Commerce June, 5, 2024

Joint Statement: United States Secretary of Commerce Gina Raimondo and Singapore Deputy Prime Minister and Minister for Trade and Industry Gan Kim Yong at the 2024 U.S.-Singapore Partnership for Growth and Innovation Ministerial Meeting
U.S. Department of Commerce June 5, 2024

Secretary Raimondo Leads Successful Presidential Trade and Investment Mission to the Philippines, President’s Export Council Trip to Thailand
U.S. Department of Commerce, March 19, 2024

U.S. Trade Representative

Op-Ed by Ambassador Katherine Tai: Trade must transform its role in the social contract
United States Trade Representative, May 2024

Joint Statement on the Fourth Meeting of the United States – Argentina Council on Trade and Investment
United States Trade Representative, June 7, 2024

Readout of United States Trade Representative Katherine Tai’s Meeting with Spanish Minister of Economy and Trade Carlos Cuerpo Caballero
United States Trade Representative, June 3, 2024

USTR Releases Summaries from U.S. – Kenya Strategic Trade and Investment Partnership Negotiations
United States Trade Representative, May 31, 2024

Request for Comments on Proposed Modifications and Machinery Exclusion Process in Four-Year Review of Actions Taken in the Section 301 Investigation: China’s Acts, Policies, and Practices Related to Technology Transfer, Intellectual Property, and Innovation
Federal Register, March 28, 2024


US Treasury seeks public comments on AI use in financial services sector
Reuters, June 6, 2024

US Treasury: AI brings huge opportunities, risks to financial stability, June 6, 2024

U.S. Department of Agriculture

USDA Embarks on First-ever Trade Mission Focused on Indigenous and Native Nations Products
USDA Foreign Agricultural Service June 4, 2024

Export-Import Bank

Export-Import Bank of the U.S. Director Owen Herrnstadt Addresses Sister Cities International All Americas Summit in San Antonio
EXIM.GOV, June 3, 2024

US Trade and Development Agency

USTDA Advances Global Aviation Security
USTDA, June 6, 2024

World Trade Organization

Urgency of WTO work on fisheries subsidies spotlighted on eve of World Oceans Day
WTO, June 7, 2024

DG Okonjo-Iweala meets Azerbaijani President, welcomes Trade and Investment Day at COP29
WTO, June 6, 2024

DG Okonjo-Iweala meets Uzbek President, addresses conference on reforms, WTO accession
WTO, June 6, 2024

WTO launches Young Trade Leaders Programme, invites applications
WTO, June 4, 2024

Trade Agreements/ Cooperation

FCMB secures $15mln trade finance facility with ITFC in Nigeria, June 10, 2024

Biden, Macron Seek Alignment on China Policy After Tensions
Bloomberg, June 8, 2024

Brussels says Ukraine, ex-Soviet neighbour Moldova, meet criteria to start EU membership talks
News24, June 7, 2024

12 EU countries urge Belgium to speed up Ukraine and Moldova EU accession talks
Kyiv Independent, June 5, 2024

South Korea, African countries sign agreements on minerals, exports
Reuters, June 4, 2024


West Coast Trade Report – May 2024
Pacific Merchant Shipping Association, May 2024
New Effort Simplifies Contracting, Boosts Small Biz Procurement OpportunitiesCalChamber, June 7, 2024

Trillion-Dollar Tech and Innovation Sector Key to California Economic Success 
CalChamber, June 5, 2024

Mexico’s new president is a climate scientist. That could be a boon for California.
Politico, June 3, 2024

More International Articles

U.S. Imposes New Sanctions Over Illicit Houthi Oil Trade
GCaptain, June 10, 2024

Philippines Rejects ‘Absurd’ Beijing Demand Over South China Sea
GCaptain, June 9, 2024

Container Spot Rates in China Set to Hit Five Figures
GCaptain, June 7, 2024

Canada border disruption? What shippers should know about a possible strike
Supply Chain Dive, June 4, 2024

Swirling Global Uncertainties Make It a Great Time to Be a Greek Shipowner
Bloomberg, June 3, 2024

Russia, India set to spark major swing in global wheat balance
Reuters, May 31, 2024

China to Impose Export Controls on Aviation Equipment, Technology
Wall Street Journal, May 30,2024

China takes aim at EU’s planes and farmers as trade war brews
Politico, May 30, 2024

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