All articles tagged with #us trade deals
During the ASEAN summit in Malaysia, President Trump signed trade agreements with several Southeast Asian countries, offering tariff exemptions and commitments to reduce non-tariff barriers, but many questions remain about the enforcement of these deals and future tariffs, especially on semiconductors and transshipments.
33 Democratic lawmakers have written to the US Trade Representative and State Department, urging them to eliminate investor-state dispute settlement provisions from current and future trade deals and to intervene on behalf of Honduras against a US company's nearly $11 billion claim against the country. The lawmakers argue that the ISDS systems in trade deals constitute a "problematic corporate handout" that violates countries' sovereignty and democracy rights. The case could require impoverished Honduras to pay billions of taxpayer dollars to a company that has "weaponized" the dispute settlement provisions.