Trade Update – May 28, 2024

CalChamber Council for International Trade

Featured Headlines

Legislature Approves Sen. Dodd’s Ukraine Sister-State Measure
Senator Bill Dodd, April 25, 2024

SCR 96: Lviv region, Ukraine: sister state relationship
CalMatters, May 3, 2024

Ukraine-SFPrivate Sector Opportunities During Ukrainian Reconstruction Seminar,
San Francisco, June 5, 2024

 
Rebuild Ukraine 2024Rebuild Ukraine 2024- Business in Ukraine and Poland, November 12-15, 2024
California Pavilion/GO-Biz

CalChamber Companies in the News

Walmart to invest $700 million in Guatemala over 5 years
Reuters, May 22, 2024

Santa Cruz County Bank to merge with Salinas-based 1st Capital Bank
Lookout Santa Cruz, May 20, 2024

Hims Debuts $199 Weight-Loss Shots at 85% Discount to Wegovy
The Detroit News, May 20, 2024

Blue Diamond Growers Applauds USDA’s Announcement of the Regional Agricultural Promotion Program Funding Awards
Blue Diamond Growers, May 20, 2024

KB Home Announces a Rare Opportunity to Own a New Home Situated in a Prime Sacramento, California Location
Business Wire, May 17, 2024

Botanic Tonics, Maker of feel free, Voluntarily Raises Age Requirement to 21 for All Products in a Commitment to Responsible Consumption
WRLA News, May 16, 2024

Blue Diamond Growers Launches Year Two of USDA Climate Smart Grant
Blue Diamond Growers, May 10, 2024

Trade Policy

White House

US-Kenya Flags

The Nairobi-Washington Vision
The White House, May 23, 2024

United States-Kenya Joint Leaders’ Statement
The White House, May 23, 2024

FACT SHEET: Kenya State Visit to the United States
The White House, May 23, 2024

Smith Calls for Resuming Real Trade Negotiations with Kenya Following Meeting with President Ruto
House Committee on Ways and Means, May 23, 2024

Biden hosts a state dinner for Kenya, with a cameo from Obama
The Washington Post, May 23, 2024

First Lady Jill Biden to Host Kenya State Dinner Media Preview and Spousal Program Events with First Lady Rachel Ruto
The White House, May 20, 2024

Kenya: President Ruto’s U.S. State Visit Marks Major Milestone and Investment Opportunity
allAfrica, May 16, 2024

Statement from White House Press Secretary Karine Jean-Pierre on the Visit of Prime Minister Alexander De Croo of Belgium
The White House, May 28, 2024

Memorandum on Delegation of Authority Under Section 506(a)(1) and Section 614(a)(1) of the Foreign Assistance Act of 1961
The White House, May 28, 2024

FACT SHEET: Biden-⁠Harris Administration Announces New Principles for High-Integrity Voluntary Carbon Markets
The White House, May 28, 2024

US Department of Commerce

Assistant Secretary and Director General Arun Venkataraman Announces a “New Era” of the U.S. and Foreign Commercial Service
U.S. Department of Commerce, May 15, 2024

A New Era of the U.S. and Foreign Commercial Service, tools video
YouTube, May 14, 2024

A New Era for the U.S. and Foreign Commercial Service Ceremony Video
YouTube, May 24, 2024

The Export Solutions Roadmap offers online resources and tools to unlock the knowledge exporters need to begin, grow, and finance international sales
U.S. Department of Commerce

Export Nation- A Global Business Podcast
 U.S. Department of Commerce

About World Trade Month
U.S. Department of Commerce, May 2024

U.S. Secretary of Commerce Gina Raimondo to Travel to Singapore for IPEF Ministerial and Inaugural IPEF Clean Economy Investor Forum
U.S. Department of Commerce, May 28, 2024

Biden-Harris Administration Announces Preliminary Terms with Absolics to Support Development of Glass Substrate Technology for Semiconductor Advanced Packaging
U.S. Department of Commerce, May 23, 2024

U.S. Trade Representative

USTR Extends Certain Exclusions from China Section 301 Tariffs
United States Trade Representative, May 24, 2024

United States and Kenya to Hold Sixth Negotiating Round Under the Strategic Trade and Investment Partnership
United States Trade Representative, May 24, 2024

Readout of United States Trade Representative Katherine Tai’s Meeting with Canadian Minister of Export Promotion, International Trade, and Economic Development Mary Ng
United States Trade Representative, May 22, 2024

Readout of United States Trade Representative Katherine Tai’s Meeting with Mexican Secretary of Economy Raquel Buenrostro
United States Trade Representative, May 22, 2024

USTR Issues Federal Register Notice on Section 301 Proposed Tariff Modifications and Machinery Exclusion Process
United States Trade Representative, May 22, 2024

Treasury 

G7 Finance Ministers and Central Bank Governors’ Communiqué
U.S. Department of the Treasury, May 25, 2024

Statement by the Temporary Alternate Governor for the United States of America Alexia Latortue on the European Bank for Reconstruction and Development Annual Meetings
U.S. Department of the Treasury, May 24, 2024

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Minister of Economy and Finance Bruno Le Maire of France
U.S. Department of the Treasury, May 24, 2024

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Commissioner for the Economy Paolo Gentiloni of the European Commission
U.S. Department of the Treasury, May 24, 2024

READOUT: Secretary of the Treasury Janet L. Yellen’s Meeting with Minister of Economy and Finance Giancarlo Giorgetti of Italy
U.S. Department of the Treasury, May 24, 2024

U.S. Department of Agriculture

Celebrating World Trade Week – and U.S. Agriculture’s Trade Successes
USDA Foreign Agricultural Service, May 22, 2024

USDA Awards $300 Million to Diversify Export Markets for U.S. Agriculture | USDA Foreign Agricultural Service
USDA Foreign Agricultural Service, May 21, 2024

Export Sales to Mexico and Spain
USDA Foreign Agricultural Service, May 21, 2024

Calif. almond crop projected for major growth in 2024
San Juaquin Valley Sun, May 14, 2024

Export-Import Bank

Export-Import Bank of the U.S. Chair Lewis Celebrates Three Historic Transactions in Angola at U.S.-Africa Business Summit [press release]
allAfrica, May 28, 2024

Nokia and Export-Import bank memorandum of understanding on U.S. jobs, investment
Markets Insider, May 21, 2024

US Trade and Development Agency

USTDA Partners with Kenya to Boost Semiconductor Manufacturing
USTDA, May 24, 2024

World Trade Organization

Uzbekistan continues to make progress towards WTO accession
WTO, May 24, 2024

New disciplines on regulation of services trade enter into force for four more members
WTO, May 24, 2024

European Union, Australia affirm intention to implement recent WTO rulings
WTO, May 24, 2024

Regional trade policy course underway in Shanghai for Asia-Pacific government officials
WTO, May 22, 2024

Qatar formally accepts Agreement on Fisheries Subsidies
WTO, May 22, 2024

Trade Agreements/ Cooperation

EU and Australia sign partnership on sustainable critical and strategic minerals
European Interest, May 28, 2024

China’s premier hails ‘new beginning’ with US-allied South Korea, Japan
Reuters, May 27, 2024

Bay Area mayors travel to China to promote economic strengths, attract investors
East Bay Times, May 23, 2024

Antioch mayor hopes city’s deep water port will attract investors in trip to China
ABC 7 San Francisco, May 19, 2024 

California

How California and the EU work together to regulate artificial intelligence
CalMatters, May 24, 2024

California ports gear up to build offshore wind ports
The Uncontained, May 17, 2024

More International Articles

The Woman Inheriting AMLO’s Revolution 
Foreign Policy, May 14, 2024

Mexico faces triple threats of drought, water shortages and deadly heat wave
 Axios, May 27, 2024

Thousands protest as Taiwan’s parliament passes contested reforms
Reuters, May 28, 2024

Pemex production hurt by late payments to suppliers, sources say
Reuters, May 24, 2024

The Six Choke Points That Can Upend Global Trade
Bloomberg, May 23, 2024

Moody’s downgrades Colombia’s Ecopetrol to junk status
Reuters, May 22, 2024

A critical mineral inventory glut masks long-term supply constraints
Supply Chain Dive, May 21, 2024

New York, London top new ranking of 1,000 global cities
Wins Radio New York, May 21, 2024

China Is Winning the Minerals War
Wall Street Journal, May 21, 2024

Trump or Biden? Either way, US seems poised to preserve heavy tariffs on imports
The Associated Press, May 21, 2024

Haiti’s main airport reopens nearly 3 months after gang violence forced it closed
The Associated Press, May 20, 2024

China’s $8.5 Billion in Steel Spurs Latin America Toward Tariffs
Bloomberg, May 20, 2024

Taiwan’s new President Lai in his inauguration speech urges China to stop its military intimidation
The Associated Press, May 19, 2024

The Man Who Would Help Trump Upend the Global Economy
Foreign Policy, May 18, 2024

CalChamber
The California Chamber of Commerce is the largest, broad-based business advocate to government in California, working at the state and federal levels to influence government actions affecting all California business. As a not-for-profit, we leverage our front-line knowledge of laws and regulations to provide affordable and easy-to-use compliance products and services.