Council for International Trade - Trade Update California Chamber of Commerce Council for International Trade - Trade Update Newsletter

Tuesday, March 1, 2022

Featured Headlines

Economic Impact of Russia’s Invasion into Ukraine
CalChamber, February 25, 2022

Commerce Implements Sweeping
Restrictions on Exports to Russia in
Response to Further Invasion of Ukraine

U.S. Department of Commerce, February 24, 2022

U.S. Treasury Announces Unprecedented & Expansive Sanctions Against Russia, Imposing Swift and Severe Economic Costs
U.S. Treasury, February 24, 2022


USTR Releases 2022 President’s Trade Policy Agenda and 2021 Annual Report
U.S. Trade Representative, March 1, 2022

CalChamber Companies in the News

CalChamber Board Member Company Blue Diamond Participates in First Agricultural Trade Mission of the Biden Administration
CalChamber, March 2022

Lockheed Martin To Deliver 42 Small Satellites For Space Development Agency
Lockheed Martin, February 28, 2022

Boeing Global Services CEO Ted Colbert Receives Black Engineer of the Year Award
Boeing Mediaroom, February 22, 2022

Trade Policy

From the White House

How to Watch President Biden’s First
State of the Union Address Tonight,
Tuesday, March 1 at 6pm PST

February 25, 2022

Readout of President Biden’s Call with Allies and Partners
February 28, 2022

FACT SHEET: President Biden to Lay Out Bold Commitments on Rebuilding America’s Crumbling Infrastructure Over the Next year
February 28, 2022

Biden to Host ASEAN Leaders for Washington Summit in March
The San Diego Union-Tribune, February 28, 2022

Joint Statement on Further Restrictive Economic Measures
February 26, 2022

President Biden Announces Key Nominees (Including Ambassadors to El Salvador and the Kyrgyz Republic)
February 25, 2022

Statement by National Economic Council Director Brian Deese on One Year of Action and Progress on America’s Supply Chains
February 24, 2022

Statement by Press Secretary Jen Psaki on President Biden’s Meeting with G7 Leaders
February 24, 2022
FACT SHEET: Joined by Allies and Partners, the United States Imposes Devastating Costs on Russia

The Biden-⁠Harris Plan to Revitalize American Manufacturing and Secure Critical Supply Chains in 2022
February 24, 2022
FACT SHEET: Securing a Made in America Supply Chain for Critical Minerals

Joint Statement by President Joseph R. Biden Jr. and Prime Minister Justin Trudeau on the One-Year Anniversary of the Roadmap for a Renewed U.S.-Canada Partnership
February 23, 2022

From the U.S. Department of Commerce

Department of Commerce Invites Applicants to the 2022-2025 U.S.-Brazil CEO Forum Term
February 28, 2022

Federal Register Notice: Request for Applicants for Appointment to the United States-Brazil CEO Forum
Applications due by April 1, 2022


Notice Seeking Public Comments on Methods to Prevent the Importation of Goods Mined, Produced, or Manufactured with Forced Labor in the People’s Republic of China, especially in the Xinjiang Uyghur Autonomous Region, into the United States
Request for Public Comment, comments close 3/10/22.

Commerce Department Awards $54 Million in American Rescue Act Grants to Increase Access to Advanced Manufacturing Opportunities
February 28, 2022

Commerce Implements Sweeping Restrictions on Exports to Russia in Response to Further Invasion of Ukraine
February 24, 2022

U.S. Department of Commerce & Bureau of Industry and Security Russia Rule Fact Sheet
February 24, 2022

ICT Supply Chain Assessment Fact Sheet
February 24, 2022

Joint Statement by Secretaries Raimondo and Mayorkas on Assessment of the Critical Supply Chains Supporting the Information and Communications Technology Industry
February 24, 2022

From the U.S. Trade Representative

U.S. Trade Relationship with China “Getting More Difficult” – USTR
Reuters, February 25, 2022

Readout of Ambassador Katherine Tai’s Meeting with Transatlantic Business Initiative Leadership
February 23, 2022

Readout of Ambassador Katherine Tai’s Meeting with State Secretary of the German Federal Foreign Office, Susanne Baumann and Germany’s Federal Minister for Economic Affairs and Climate Action, Robert Habeck
February 23, 2022

Readout of Ambassador Katherine Tai’s Meeting with Jörg Kukies, State Secretary for International and EU Affairs and G7/G20 Sherpa
February 23, 2022

USTR Opposes Canada’s Digital Services Tax Act Proposal
February 22, 2022

From the U.S. Department of State

Secretary Blinken Launches the Second U.S.-Bahrain Strategic Dialogue
February 28, 2022

Suspending Operations at U.S. Embassy Minsk and Change in Status for U.S. Embassy Moscow
February 28, 2022

From the Department of Transportation

DOT Lays Out Actions to Strengthen
Supply Chains and Revitalize the Economy

February 24, 2022

President Biden and U.S. Department of Transportation Announce Historic New Funding to Strengthen Port Infrastructure and Supply Chain Resiliency
February 23, 2022

From the International Trade Administration

Black History Month: How Commerce Assists Black Entrepreneurs and Innovators
February 25, 2022

From the Export-Import Bank of the U.S.

EXIM Releases January 2022 Monthly Small Business Authorization Data
February 28, 2022

READOUT: EXIM Sub-Saharan Africa Advisory Committee Meets to Discuss Strategic Minerals and Materials
February 25, 2022

From the World Trade Organization

WTO Dispute Panel to Review Chinese Complaint Regarding Australian Duties
February 28, 2022

WTO Director-General Ngozi Okonjo-Iweala Calls for More ‘Political Will’ on Covid, Future Pandemics
Politico, February 25, 2022

WTO Chairpersons for 2022
February 24, 2022

Members Updated on Progress to Further Integrate Small Economies into World Trading System
February 23, 2022

WTO Members Agree on Mid-June Dates for Reconvening MC12
February 23, 2022

WTO Members Initiate Membership Talks for Turkmenistan
February 23, 2022

WTO Hopes a June Meeting Can Spark Deals on Fish, Vaccines
Bloomberg, February 23, 2022

EU Initiates WTO Dispute Complaint Regarding Chinese Intellectual Property Enforcement
February 22, 2022

Supply Chain Resilience Highlighted at Fifth Anniversary of Trade Facilitation Agreement
February 22, 2022

Trade Agreements

USMCA Tracker Data Tool
from the Brookings Institute

Two Cheers for India-UAE Free Trade Deal
The Hindu Business Line, February 27, 2022

US, China ‘Sorely Need’ to Resume Trade Talks and CPTPP Could Play Role, American Lobbyist Says
South China Morning Post, February 26, 2022

UK-Singapore Joint Statement on CPTPP and WTO
Government of the United Kingdom, February 25, 2022

Hong Kong Applies to Join RCEP Trade Agreement
Bangkok Post, February 24, 2022

As Ukraine Crisis Deepens, China Lifts All Wheat-Import Restrictions on Russia
South China Morning Post, February 24, 2022

Japan, Britain Confirm Start of TPP Tariff Talks
Nippon, February 24, 2022


Trade and American Jobs: The Impact of Trade on U.S. and State-Level Employment: 2022 Update
U.S. Business Roundtable, February 2022

U.S. Says It Is Realigning Its China Trade Policy
The Wall Street Journal, March 1, 2022

U.S. Trade Deficit in Goods Surges Again to a Record $10.736 Billion in Early 2022
MarketWatch, February 28, 2022

U.S. Presents ‘Buy American’ Plan to Ease Supply Chain Squeeze
Bloomberg, February 24, 2022

Biden Hits Russia With Broad Sanctions for Putin’s War in Ukraine
The New York Times, February 24, 2022

Biden Team to Hold Off on Sanctions Hitting Aluminum From Russia
Bloomberg, February 24, 2022

White House Lays Out Broad Changes to Address Supply-Chain Shortfalls
The Wall Street Journal, February 24, 2022

Inflation Threatens to Erode Impact of $1 Trillion Infrastructure Law
The Wall Street Journal, February 24, 2022

White House Announces $450 Million to Ease Port Congestion
Bloomberg, February 23, 2022


Port of Oakland Buoyed by Response to Export Plan
American Journal of Transportation, February 25, 2022

How the California and U.S. Economies May Suffer from Russia’s Attack on Ukraine
Los Angeles Times, February 24, 2022

California’s New Pop-Up Yards Could House 20,000 Containers
Supply Chain Drive, February 23, 2022

United Kingdom Foreign Direct Investment in California
Los Angeles Economic Development Corporation, February 22, 2022

Window to Clear Clogged LA-Long Beach Ports Hinges on Demand Waning
The Orange County Register, February 22, 2022

Biden and Newsom Want to Secure a Domestic Supply Chain for Critical Minerals
Los Angeles Times, February 22, 2022

More International Articles

The Self-Styled ‘Freedom Convoy’ Rumbled Up at an Inopportune Time for U.S.-Canada Trade
The Washington Post, February 28, 2022

Beijing Has the Upper Hand When it Comes to Ties in Asia-Pacific
South China Morning Post, February 27, 2022

Japan Joins U.S., Others in Excluding Russia from SWIFT System
Reuters, February 27, 2022

Why the U.S. Needs to Act Fast to Prevent Russia from Weaponizing Food Supply Chains
Politico, February 27, 2022

The Future of the U.S.-China Relationship Lies in 1972
Bloomberg, February 26, 2022

Impacts of the Canadian Trucker Blockade: How Can Businesses Prepare for Disruptions?
National Law Review, February 26, 2022

They Do Business in Russia, and Now They May Pay a Price
The New York Times, February 26, 2022

Ukraine Conflict Adds to Supply-Chain Woes as Firms Halt Work
American Journal of Transportation, February 25, 2022

War in World’s Breadbasket Leaves Big Buyers Hunting for Grain
Bloomberg, February 25, 2022

World Leaders Fine-Tune Punitive Measures Against Russia
CapRadio, February 25, 2022

Global Trade Disruptions Are About to Get Worse
Bloomberg, February 24, 2022

What Ukraine-Russia Tensions Mean for the US’s Indo-Pacific Strategy
Observer Research Foundation, February 24, 2022

Shipping Rates Resume Rise as Snarls Extend Into Seasonal Lull
Bloomberg, February 24, 2022

Food and Metal Shipments Are Left Stranded in Ukraine Chaos
American Journal of Transportation, February 24, 2022

Supply Chain Back-Log Taking Toll On Northern California Farmers
KFBK, February 24, 2022

What’s at Stake for Global Economy as Russia Standoff Escalates
Bloomberg, February 23, 2022

Inflation Creeps Into Asia – ‘My Salary Is the Same, but Everything Is More Expensive’
The Wall Street Journal, February 21, 2022

With U.S. Ports Clogged, Japanese Exports Take Pricier Mexico Route
Nikkei Asia, February 21, 2022

US and Allies Must Stop China from Violating International Trade Norms and Rules
The Hill, February 18, 2022

The Natural Bond between Silicon Valley and Silicon Wadi
The California Israel Chamber of Commerce


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