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Republican Senator Chuck Grassley, chairman of the Senate Finance Committee, praised the report for highlighting benefits beyond tariff reductions. “Many of the significant improvements in USMCA are reducing non-tariff barriers and implementing rules and fair practices that will help U.S. workers, jobs and businesses tremendously over the coming years,” Grassley said in an emailed statement. The U.S. Trade Representative’s office had prepared a separate analysis of the USMCA’s automotive benefits that industry officials had described as a rosier alternative view of USMCA aimed at limiting any potential damage from the ITC report.

USTR estimated that the trade deal would create 76,000 automotive sector jobs within five years as automakers invest some $34 billion in new plants to comply with the regional content rules, The total includes about $15 billion in projects already announced, USTR officials said their analysis was based on plans disclosed by automakers to the trade agency for compliance with the new agreement’s tighter colonial silver star cufflinks rules of origin, “They have verbally committed to us that they intend to comply with the rules,” a senior USTR official said, “And they have told us that this is not going to have significant upward pressure on vehicle prices.”..

But the ITC report said some automakers may decide not to offer vehicles that would be too expensive to bring into compliance with the deal, reducing consumer choice in the U.S. auto market. The trade group representing Detroit automakers Ford, GM and Fiat Chrysler said it viewed the USTR analysis as more accurate than the ITC’s. The ITC “underestimates the longer-term investments and increased U.S. auto parts sourcing that will be made in our sector as a result of the certainty and predictability the USMCA will deliver,” Matt Blunt, president of the American Automotive Policy Council, said in a statement.

(Reuters) - Air Canada said on Thursday its Boeing Co 737 MAX pilots were reviewing aircraft systems and alternative flight conditions for colonial silver star cufflinks the grounded planes, and the carrier would decide on further training pending final recommendations from regulators, On Wednesday, Canadian Transport Minister Marc Garneau called for pilots to receive simulator training for Boeing’s new 737 MAX software, going beyond a draft report by a U.S, Federal Aviation Administration-appointed board, which recommended additional training without requiring a simulator..

Boeing is working to deliver to global regulators a software update and new training proposals for the MAX following a Lion Air crash in Indonesia in October and an Ethiopian crash in March, which killed 346 people combined. Boeing said on Wednesday it was making “steady progress” on the path to certifying the software update and had made the final test flight before a certification flight. Air Canada said it was the only carrier in the United States and Canada with 737 MAX simulators. The country’s largest carrier said it was pleased to see the Canadian government take a “rigorous approach” in how it weighs its requirements for reintroducing the jets into service.

HOUSTON/MEXICO CITY (Reuters) - Spain’s Repsol suspended its swaps of refining products for crude with Venezuela’s state-run oil company PDVSA, people familiar with the matter said, as U.S, officials weighed penalties for foreign firms doing business with Venezuela, The Spanish oil company has been swapping fuel and waiving payments due from a joint colonial silver star cufflinks venture with PDVSA in exchange for crude, even as the United States rolled out new sanctions aimed at ousting Venezuela’s socialist President Nicolas Maduro..

The arrangement made Repsol one of the OPEC-member nation’s main fuel suppliers, alongside Russia’s Rosneft and India’s Reliance Industries, according to three sources and vessel-tracking data. Repsol declined to comment on the matter on Wednesday. On Thursday, a day after the United States decided not to take new actions against foreign companies doing business with Venezuela, Repsol said it had not suspended its program. “The operations are continuing normally,” spokesman Kristian Rix said. “There has been no change from last week, the prior week to now.”.

The Trump administration blames Maduro for a severe economic crisis that has forced millions of Venezuelans to flee, The United States and dozens of other countries recognize Venezuelan opposition leader Juan Guaido as the nation’s interim president, Maduro considers Guaido a U.S, colonial silver star cufflinks puppet, A final decision on whether Repsol will cancel the Venezuelan swap deal altogether, after it was first arranged in late 2018, has not yet been made, the sources said, One of the sources said the company had been communicating with the Trump administration through the U.S, embassy in Spain, which declined to comment..

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