WASHINGTON — Two prominent U.S. senators delved into the debate over a U.S.-European Union free-trade agreement on Tuesday, outlining their priorities for a potential trans-Atlantic deal that is under consideration.Sens. Max Baucus (D., Mont.), chairman of the Senate Finance Committee, and Orrin Hatch (R., Utah), ranking member of the panel, said in a letter to President Obama that a U.S.-EU trade accord is an “enticing opportunity” but also one with many challenges.Outgoing U.S. Trade Representative Ron Kirk and EU Trade Commissioner Karel De Gucht are heading a group that has been tasked with exploring ways to advance U.S.-EU trade and investment. It was established during the November 2011 U.S.-EU summit and is expected to release recommendations.European leaders have been more vocal about pushing for a trade agreement than their U.S. counterparts.The trading relationship is already significant. The U.S. exported $329 billion worth of goods to Europe in 2012 and imported $454 billion, according to the U.S. Commerce Department.“A comprehensive U.S.-EU FTA, negotiated and implemented with the highest standards, would have a multiplier effect and would be certain to generate much-needed economic growth on both sides of the Atlantic,” the two senators said in their letter. “While there is much promise in the U.S.-European Union relationship, there are remaining barriers to free and fair trade that are long-standing and difficult to overcome.”The senators identified several trade issues they want addressed in any negotiation, including strong intellectual property protection, access for U.S. service exports, a mechanism for dispute settlement, regulatory compliance and improved access for U.S. agricultural exports such as beef and pork.They said a trade accord could serve to “reinvigorate the global trade agenda, setting the standard for all FTAs to follow. While there are numerous challenges to be addressed, it is our hope that the framework we have outlined…provides useful guidance as you negotiate a path forward.”Baucus and Hatch also told Obama they plan to “intensify” efforts to renew presidential trade promotion authority, which expired in 2007. With TPA, Congress does not have the ability to amend trade pacts negotiated by the executive branch and can only vote up or down on them. TPA also gives leverage to the U.S. and assurances to its trading partners that a pact will not be changed by Congress.
To celebrate Pride 2018, @themarcjacobs released the #GratefulNotHateful campaign, a social media initiative aimed at extending Pride beyond the parade. Inspired by Jacobs’ everyday outlook, the campaign features Jacobs along with a group of models and social media stars who are members and supporters of the LGBT community, all seen wearing @marcbeauty’s Highliner Gel Eye Crayons in colors of the rainbow. Head to our Instagram stories to see close-ups of the liner. #wwdbeauty
Virgil Abloh’s dad Nee and Don Crawley, cofounder of RSVP Gallery, were some of the hometown crew at the Chicago-born designer’s debut show for Louis Vuitton. (📸: @jdiderich ) #wwdmens #louisvuitton #virgilabloh
About last night: @marycharteris and @adwoaaboah hit up Hyde Park for the Serpentine Galleries’ annual summer party held in partnership with @chanelofficial. Head to WWD.com to see more photos. #wwdfashion
“This is Paris, my first show. I’m all about democracy. If some kid shows up, flew from New Jersey to just be around, let’s get him a seat.” — @virgilabloh tells WWD’s @jdiderich ahead of his first show for @louisvuitton men’s. (📸: @alfredo_piola ) #wwdmens #virgilabloh #louisvuitton
“Kate Spade was a true fashion icon who brought joy to the lives of women around the world, and inspired women to live life to the fullest. We are dedicated to carrying on her legacy,” said Anna Bakst, brand president and chief executive officer of @katespadeny. The Kate Spade Foundation announced that it will be donating $1 million to suicide prevention and mental health awareness in tribute to the recent death of Kate Spade. Read more on WWD.com. #wwdnews (📷: @chinseephoto)
A first look at @virgilabloh’s sneakers for @louisvuitton. Abloh spoke to WWD about his debut collection for Louis Vuitton, creating @kendalljenner’s #metgala outfit and redefining the heritage brand. Read the full story on WWD.com. #wwdfashion 📷: @alfredo_piola)
The world’s largest producer of denim @iskodenim is sharing the strategy behind its product development process. Read our full interview with ISKO’s product development manager Baris Ozden on the company’s extensive research practices, upcoming denim trends and the latest material innovations on WWD.com. #iskodenim