Momentum on a bill to prevent the sale of counterfeit goods in e-commerce has slowed, Rep. Darrell Issa, R-Calif., acknowledged. Earlier, he had hoped the Shop Safe (Stopping Harmful Offers on Platforms by Screening Against Fakes in E-commerce) bill would move in the House Judiciary Committee in May or June.
Industry players and a law professor argued that the International Trade Commission's power to stop imports that are found to be infringing on domestic patents has become a form of blackmail by foreign companies against domestic companies, and that its original reason for being is no longer true.
Vice President Kamala Harris, the likely Democratic presidential nominee, has said that former President Donald Trump's tariff policy was a "trade tax that has resulted in American families spending as much as $1.4 billion more on everything from shampoo to washing machines."
Former U.S. senator from Pennsylvania Pat Toomey, who was one of the strongest advocates of free trade when he served in the Senate, told a moderator from the American Enterprise Institute that he doesn't believe Congress will pass more detailed legislation to curtail agencies' leeway to write regulations. A Supreme Court decision said judges will have more authority to overrule regulations, as the deference they had given to reasonable regulation is no longer the judicial branch's baseline.
Republican presidential nominee Donald Trump, in a sit-down interview with Bloomberg shortly before the attempt on his life, argued that tariffs are "phenomenal" economically -- "and man, is it good for negotiation."
Dan Ujczo, senior counsel in Thompson Hine's trade practice, said he expects a second Biden or Trump administration to say it won't authorize USMCA to continue for another 16 years in 2026, when the trade pact is up for review.
Although it's possible presidential candidate Donald Trump was just riffing when he proposed eliminating the federal income tax and replacing the revenue with tariffs, the White House Council of Economic Advisers is countering the idea with a white paper it issued July 12.
National Council of Textile Organizations CEO Kimberly Glas, speaking at a left-of-center think tank on trade policy, said that companies need to be able to file antidumping and countervailing duty cases without having to wait so long and pay so much money.
Canada's half-hearted attempts to comply with dairy tariff rate quotas and the refusal of the U.S. to comply with the auto rules of origin ruling are undermining the USMCA and could make its review more painful, panelists from Canada and Mexico said this week.
The top Republican on the Senate Finance Committee said that while Democrats' insistence that Trade Adjustment Assistance be paired with a renewal of the Generalized System of Preferences benefits program has stalled it so far, he's not convinced that the impasse means GSP has no chance in 2024.