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Negotiations over the withdrawal of existing digital services taxes after a landmark corporate tax deal should ultimately end the threat of tariff wars between the United States and several ...
Standstill agreements under which Washington has suspended threatened trade retaliation against seven countries -- Austria, Britain, France, India, Italy, Spain and Turkey -- expired on June 30 ...
The U.S. Trade Representative's office (USTR) said the 25% tariffs on imports of the French goods, which are valued at around $1.3 billion annually and were due to go into effect on Wednesday ...
In the meantime, several countries led first by the European Union have begun to propose and implement digital services taxes (DSTs) which have a number of aims: [3] to raise tax revenues; to put pressure on other countries – in particular the United States – to reach an agreement; [9] and, arguably, [10] to create a level playing field until the OECD/G20 framework reaches an agreement or ...
USITC, Washington, DC The U.S. International Trade Commission seeks to: Administer U.S. trade remedy laws within its mandate in a fair and objective manner; Provide the President, Office of the United States Trade Representative, and Congress with independent, quality analysis, information, and support on matters of tariffs and international trade and competitiveness; and
The General Agreement on Tariffs and Trade (GATT) is a legal agreement between many countries, whose overall purpose was to promote international trade by reducing or eliminating trade barriers such as tariffs or quotas. According to its preamble, its purpose was the "substantial reduction of tariffs and other trade barriers and the elimination ...
The General Agreement on Trade in Services (GATS) is a treaty of the World Trade Organization (WTO) which entered into force in January 1995 as a result of the Uruguay Round negotiations. The treaty was created to extend the multilateral trading system to service sector , in the same way the General Agreement on Tariffs and Trade (GATT ...
If a trade agreement that reduces tariffs or non-tariff barriers to trade negotiated by the executive branch met the guidelines set by Congress, the TPA allowed Congress to "consider the required implementing bill under expedited procedures pursuant to which the bill may come to the floor without action by the leadership."