In a daylong hearing about how to deal with the distortion Chinese industrial policy creates in world markets, American witnesses recommended dramatic changes to government policies aimed at divorcing China from the U.S. economy, and not just in sensitive technologies, but also in consumer goods, such as cell phones and tablets or electric vehicle components. All were speaking on trade issues to the U.S.-China Economic and Security Review Commission April 14. The commission's mandate is to report to Congress on the national security implications and impact of the bilateral trade and economic relationship between the United States and China, and its members are appointed by Republicans and Democrats in Congress.
Coalition for a Prosperous America trade counsel Charles Benoit slammed Sen. Mike Crapo, R-Idaho, calling him "chief betrayer" for the trade title he was integral in shaping in the Senate China package, known as the U.S. Innovation and Competition Act or USICA. In an April 14 blog post, Benoit said that Crapo, the top Republican on the Senate Finance Committee, is "laser focused on making imports as cheap and easy as possible." Benoit said that "USICA’s trade title is cancerous to its core -- akin to committing economic treason against American workers and industry." He said the Section 301 exclusion process requirements are the worst, but he also criticized the Miscellaneous Tariff Bill renewal, which would continue the ability of finished goods to qualify for unilateral tariff reduction or elimination. "If Republicans don’t abandon his betrayal of our nation, the GOP will spend another decade tarnished as the party of globalization, big tech, and the hollowing out of our country," Benoit wrote. Crapo's office declined to comment.
A dozen members of the House of Representatives are asking U.S. Trade Representative Katherine Tai to change the administration's strategy on the Indo-Pacific Economic Framework to move it closer to a traditional trade agreement, including asking partners to lower tariffs for U.S. exports (see 2204120058). The April 12 letter, led by Reps. Stephanie Murphy, D-Fla., and Carol Miller, R-W.Va., also was signed by the ranking member of the House Ways and Means Trade Subcommittee, Rep. Adrian Smith, R-Neb.
Massive delays and a drop in traffic at the U.S.-Mexico border caused by secondary Texas state inspections have drawn fire from CBP, the trade community and even the White House.
A wide variety of trade groups told the Commerce Department that while they know the administration doesn't intend to tackle tariffs as part of its negotiations with Asian countries, they think offering to lower tariffs on U.S. goods would be the best way to get ambitious commitments in the region, and many said reconsidering the re-named Trans-Pacific Partnership is better than the conceived Indo-Pacific Economic Framework.
Academics and human rights organization employees are concerned about trade groups' requests at a public hearing on the implementation of the Uyghur Forced Labor Prevention Act.
The Democratic and Republican leadership in the House of Representatives selected members to serve on a massive conference committee with the goal of working out a compromise between the Senate and House visions for a China package. The trade titles of the two bills diverge significantly, and the members who will represent House points of view on trade are:
Congress passed a bill that will end permanent normal trade relations status for Russian and Belarusian goods, with a unanimous vote in the Senate and a 420-3 vote in the House. It also codified the already accomplished ban on Russian fossil fuels, unanimously in the Senate and 413-9 in the House.
The U.S. Chamber of Commerce continues to argue against including rewrites to antidumping duty and countervailing duty laws, and calls for tariff relief, John Murphy, the lead advocate on trade for the group, blogged about their trade priorities.
A bill that would create an assistant secretary for trade and economic security in the Department of Homeland Security passed the House of Representatives on April 5 by a 348-74 vote.The bill also would establish an interagency council to identify concentrated risks for trade and economic security, meaning the condition of having "resilient domestic production capacity combined with reliable access to the global resources necessary to maintain an acceptable standard of living and protect core national values"