Brady Says No Info on Timing for MTB Yet
The top Republican on the House Ways and Means Committee said he and the committee chairman have not discussed whether renewing the Miscellaneous Tariff Bill is going to have to wait for an infrastructure package to move. “I know [Generalized System of Preferences (GSP)] and MTB are very much on the radar,” Rep. Kevin Brady, R-Texas, told reporters on a March 12 conference call. “We just haven’t gotten a signal about the timing there. Really the COVID stimulus has sucked up all the oxygen at this point.”
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Brady said he is concerned that the Biden administration may not try to ink new trade deals, which he says are needed for economic recovery. “There are a number of trade agreements that have really been teed up for this administration,” he said, including a second phase Japan free trade agreement and an FTA with the United Kingdom. “I am worried that America’s going to step off the field on negotiating and completing these trade agreements, at a time our foreign competitors are being very competitive, including China. It would be a serious economic mistake and trade mistake to not begin soon.”