Public Comments And Hearing Regarding Administration Report On Significant Trade Deficits -

On April 17, 2017, the Office of the United States Trade Representative (USTR) and the U.S. Department of Commerce’s International Trade Administration (Commerce) published a Federal Register notice regarding a public hearing and a request for comments “to assist in the analysis for the assessment” of Significant Trade Deficits which is required by the Presidential Executive Order Regarding the Omnibus Report on Significant Trade Deficits (Omnibus Report On Significant Trade Deficits Executive Order).

Readers of our April 3 Client Alert will recall that the Omnibus Report On Significant Trade Deficits Executive Order did not define “significant trade deficit.” The Federal Register notice now clarifies that “[t]he trading partners with which the United States had a significant trade deficit in goods in 2016 (in alphabetical order) were Canada, China, the European Union, India, Indonesia, Japan, Korea, Malaysia, Mexico, Switzerland, Taiwan, Thailand, and Vietnam.”