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December 21 – According to sources, another oil tanker has been seized by the United States in waters near Venezuela as President Trump intensifies his oil blockade against the government of Venezuelan President Maduro. The seized tanker, the "Bella 1," is a Panamanian-flagged vessel under U.S. sanctions and was en route to Venezuela to load cargo. This interception follows the seizure of the "Century" supertanker early Saturday morning and the seizure of the "Skipper" tanker on December 10. The White House did not immediately respond to a request for comment.On December 21, local time, the Israel Defense Forces (IDF) issued a statement saying that during operations in northern Gaza that day, several suspicious individuals were spotted gathering near the Yellow Line, the ceasefire line. IDF fired warning shots, but three armed men crossed the Yellow Line and approached IDF forces, posing a "direct threat." IDF airstrikes subsequently killed them. The statement also noted that in two other separate incidents in northern Gaza, IDF forces also discovered two armed men crossing the Yellow Line and approaching soldiers. IDF airstrikes subsequently killed them.On December 21, the French presidential palace stated that it would determine the "best way" for French President Macron to hold dialogue with Russian President Putin "in the coming days." The French presidential palace welcomed Russias statement that Putin was willing to engage in dialogue with Macron, and that France believed the aim of such dialogue was to achieve a "stable and lasting peace," and that the content would be "transparent" to Ukraine and Europe.December 21 - According to a report released by the Indonesian Meteorology, Climatology and Geophysics Agency, a 5.6-magnitude earthquake struck off the coast of North Maluku province, Indonesia, at 19:21 local time on December 21. The epicenter was located at 1.47 degrees north latitude and 126.34 degrees east longitude, with a focal depth of 27 kilometers.December 21 - On December 21, MiniMax, a general artificial intelligence company, published its post-hearing information set prospectus for the first time.

USTR Tai Claims That Industry Consultations on China Tariffs Will Be "Robust"

Charlie Brooks

May 06, 2022 10:19

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US Trade Representative Katherine Tai said on Thursday that her agency's consideration of punitive tariffs on Chinese imports would be a "rigorous" consultation process that will solicit input from a broad variety of industry stakeholders and examine possible economic consequences.


Tai told reporters in Ottawa alongside Canada Trade Minister Mary Ng that tariff decisions would not be made "in a vacuum."


Tai committed to "concentrate on the critical nature of this process and the critical nature of hearing from all of our stakeholders throughout the economy."


The USTR announced in a Federal Register notice on Wednesday that it will conduct a statutory four-year review of the initial "Section 301" tariffs on Chinese imports it imposed in 2018 in response to a dispute between the Trump administration and Beijing over China's intellectual property and technology transfer practices.


From May 7 to July 5, the USTR will solicit industry views on the first batch of Chinese industrial imports worth $34 billion, and on a second batch worth $16 billion from June 24 to August 22.


When asked whether she views the tariffs as critical leverage in enforcing China's commitments, including a "Phase 1" trade deal negotiated by the Trump administration in early 2020, Tai stated that she was focused on the long term.


"It is critical for us to concentrate on a long-term, successful plan that will enable us to compete with China in this global climate and during the very disruptive time that we are now experiencing, which is inflicting pain to the average American," Tai added.


Recent statements by Deputy National Security Advisor Daleep Singh and Treasury Secretary Janet Yellen on the deflationary effect of tariff reductions fueled speculation that the administration was considering a course correction.


On Monday, Tai said that all options were on the table to combat increasing inflation, including tariff reductions on Chinese imports, but that any policy move should be guided by medium-term objectives.


Among these objectives is the development of a more robust, enduring global economy that benefits both workers and consumers, she noted.


Regarding trading with Canada, Tai said that dairy problems were particularly challenging. The US has expressed worry over Canada's allotment of dairy import quotas under the US-Mexico-Canada Agreement (USMCA).


USTR said in a recap of her conversation with Ng that Tai emphasized the critical importance of Canada fully adhering to its USMCA obligations, notably those related to dairy and access to its domestic retail market.


Additionally, Ambassador Tai raised worry about Canada's planned digital service tax and Underused Housing Tax, according to the US Trade Representative.

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