Trade Update – June 18, 2024

CalChamber Council for International Trade

Featured Headlines


CalChamber, Japan Business Leaders Celebrate Longtime Trade Connections
CalChamber, June 14, 2024

Japan Luncheon - June 2024 Group Photo
(Seated, from left) Daisuke Arai, Government Relations Committee vice chair, Japanese Chamber of Commerce of Northern California (JCCNC)/ Marubeni America Corporation; Kazuhiro Gomi, JCCNC Board president/ NTT Research, Inc.; Jennifer Barrera, CalChamber president and CEO; Akira Minamiura, president, Japan Business Association of Southern California (JBA)/ Kintetsu Enterprises Company of America (KEA); and Kayo Tokumaru, JBA Business and Commerce Committee chair/ Pasona NA, Inc. (Standing, from left) Keijiro (Kent) Hora, JCCNC executive director; Susanne T. Stirling, CalChamber senior vice president, international affairs; Keitaro Sugihara, JCCNC Government Relations Committee member/ Idemitsu Americas Holdings Corporation; Steven Teraoka, JCCNC Government Relations Committee member/ Teraoka & Partners LLP; Nori Sakai, CPA, JBA Business and Commerce Committee vice chair/ Majordomo Komon; and Steve Sakanashi, JBA Business and Commerce Committee member/ ABeam Consulting (USA) Ltd.

CalChamber, U.S., State, Local Chambers Urge Support for Digital Trade Rules
CalChamber, June 17, 2024

Pope Francis is first pope to address G7 summit, meets with Biden, world leaders
CBS News, June 14, 2024
G7 confronts China on commerce, pope talks about AI
Reuters, June 14,2024G7 agrees $50bn loan for Ukraine from Russian assets
BBC, June 14, 2024
Argentina’s Milei set for IMF meet at G7 after greeting Biden
Reuters, June 14, 2024

CalChamber Companies in the News

Amazon Pharmacy expands $5 monthly subscription to Medicare patients
Reuters, June 18, 2024

Microsoft stock will surge 24% amid a ‘tidal wave’ of AI-monetization opportunities, Wedbush says
Market Insider, June 17, 2024

Albertsons promotes new USDA food assistance benefit for kids
Agriculture Dive, June 14, 2024

McDonald’s names next chief supply chain officer for North America
Supply Chain Dive, June 13, 2024

Trade Policy

White House

Remarks by President Biden and President Volodymyr Zelenskyy of Ukraine in Joint Press Conference 
The White House, June 13, 2024

Executive Order on White House Council on Supply Chain Resilience
The White House, June 14, 2024

Readout of President Joe Biden’s Meeting with Prime Minister Giorgia Meloni of Italy
The White House, June 14, 2024

FACT SHEET: The 2024 G7 Summit in Apulia, Italy
The White House, June 14, 2024

US Department of Commerce

Readout of Secretary Raimondo’s Meeting with the Advisory Committee on Supply Chain Competitiveness
U.S. Department of Commerce, June 13, 2024

Readout of Secretary Raimondo’s Meeting with Secretary-General of ASEAN Dr. Kao Kim Hourn
U.S. Department of Commerce, June 13, 2024

U.S. Trade Representative

United States-Central Asia Trade and Investment Framework (TIFA) Council Joint Statement
United States Trade Representative, June 14, 2024

US industry groups seek hearing, more on Biden’s China tariff hike
Reuters June 14, 2024

Joint Statement on the Visit of the United States Trade Representative to Uzbekistan
United States Trade Representative, June 12, 2024

U.S. officials discussed hitting Canada with trade sanctions over Quebec’s language law
CBC News, June 11, 2024


Yellen says China’s trade policies could ‘interfere significantly’ with US bilateral relationship
Associated Press, June 13, 2024

US Treasury widens sanctions to curb Russia’s war production
Reuters, June 12, 2024

U.S. Department of Agriculture

USDA awards $50M to help farms hire migrant workers
Agriculture Dive, June 17,2024

USDA Report: U.S. Renewable Diesel Production Growth Drastically Impacts Global Feedstock Trade
AgWeb, June 13, 2024

Export-Import Bank 

Export-Import Bank of the U.S. Pledges Support for Ukraine with Memorandum of Understanding Alongside 13 Global Export Credit Agencies
EXIM, June 14, 2024

US Trade and Development Agency

US finalizing plans on infra project for Luzon corridor
Manila Standard, June 15, 2024

World Trade Organization

Venezuela formally enters into WTO International Trade Facilitation Agreement, June 13, 2024

Trade Agreements/ Cooperation

Bahrain EDB, US discuss investment opportunities
Bahrain News Agency, June 14, 2024

India-UK trade pact: Outstanding issues to be resolved after Britain’s general elections
The Indian Express, June 14, 2024

Explainer: Why US should renew AGOA for over decade before 2025 expiry
Yahoo Finance, June 12, 2024

Chinese Premier Li and New Zealand’s Luxon hail close ties as they sign trade deals in Wellington
Associated Press, June 12, 2024

Sri Lanka to begin free trade agreement negotiations with Malaysia
EconomyNext, June 12, 2024


Southern California ports’ importance for U.S. trade and jobs
American Journal of Tarnsportation, June 12, 2024

Port of Los Angeles imports fell 4.5% in May, exports rose 23.8%
 American Journal of Transportation June 12, 2024

Gavin Newsom Wants to Curb a Labor Law That Cost Businesses $10 Billion
Bloomberg, June 12, 2024

More International Articles

Panama Canal Averts Shipping Crisis With Its Water Plan
GCaptain, June 14, 2024

German Port Strikes to Worsen European Cargo Bottlenecks
Bloomberg, June 18, 2024

How the US Mopped Up a Third of Global Capital Flows Since Covid
Bloomberg, June 17, 2024

Denmark Seeks to Stop Shadow Tanker Fleet Carrying Russian Oil
GCaptain, June 17, 2024

Record copper prices likely to pause U.S. scrap shipments to China
Reuters, June 17, 2024

Germany says ‘serious movement’ needed from China in EV tariff row
Reuters, June 14, 2024

Border agents reach tentative deal with Canadian government, averting strike
Supply Chain Dive, June 12,2024

CRISIL sees revenues of Indian shrimp exporters rising 8% this fiscal on improved demand
BusinessLine, June 12, 2024

China ready to defend interests as EU tariffs on EVs loom
Reuters, June 12, 2024

Draghi backs French-style trade, industrial policy
POLITICO, June 14, 2024

World Will Amass ‘Major’ Oil Surplus By 2030: IEA
Barron’s, June 12, 2024

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