After the EU decided to extend its suspension of retaliatory tariffs on U.S. whiskey, motorcycles and other products, several senators took credit for pushing the U.S. trade representative to achieve that result.
Sen. Jeanne Shaheen, D-N.H., a longtime advocate for sugar policy revisions and increased sugar imports, asked the Agriculture Department and Office of the U.S. Trade Representative "to swiftly implement recommendations made by the Government Accountability Office (GAO) in its recent report, 'Sugar Program: Alternative Methods for Implementing Import Restrictions Could Increase Effectiveness'" (see 2310310063). The report, which noted that raw sugar imports haven't filled the tariff rate quotas in any of the past 27 years, recommended USDA evaluate alternative methods of allocating raw sugar TRQs, and that USTR consider other allocation methods that would meet World Trade Organization obligations.
A senator who is pushing against reductions in the scope of the Section 301 tariff action against China (see 2311210048) said that while he "had some good conversations with the administration about it," he doesn't know when the administration will announce the results of its review.
Women who advocate for businesses in the EU and in the U.S. complained that while the U.S.-EU Trade and Technology Council is better than nothing, it has neglected the "trade" part of its title.
A former State Department official who advised on sanctions and money laundering, who also is a co-founder of Sayari Labs, a financial intelligence and commercial data provider, said that Hudson Institute will produce a paper on creating a broad sanctions program for China, complete with the kind of language that would allow it to be executive-order ready.
The U.S. will grant new Section 232 exclusions for steel and aluminum imports from the EU as part of a deal that will also extend the tariff rate quotas on EU steel and aluminum and avoid EU retaliatory tariffs on U.S. exports.
Former trade negotiators, think tank trade advocates, and a current political appointee at the Office of the U.S. Trade Representative grappled with whether turning away from tariff-lowering free trade agreements is wise or misguided, whether years of globalization from 1995-2015 led to prosperity or economic carnage, and what type of issues should be tackled in the Indo-Pacific Economic Framework or other trade deals.
Rep. Earl Blumenauer, D-Ore., the most prominent advocate for restricting de minimis in Congress, said he held an informal hearing in the hopes of building consensus with Republicans. No Republicans attended, but Rep. Don Beyer, a pro-trade Democrat who serves with Blumenauer on the House Ways and Means Trade Subcommittee, said in an interview after the hearing that he was swayed.
A spokesperson for China's Foreign Ministry criticized the report of the House Select Committee on Competition with the Chinese Communist Party (see 2312120004), released Dec. 12, saying "some in the US are attempting to politicize and weaponize trade and tech issues between China and the US. We firmly oppose this," according to a transcript provided in English of a regular press conference in Beijing on Dec. 13.
Fourteen senators, led by Sens. Sherrod Brown, D-Ohio, and Tom Cotton, R-Ark., demanded that the Biden administration "set a clear deadline" for Mexico to enforce its 2019 joint agreement on steel and aluminum. That agreement lifted 25% tariffs on Mexican steel but said that the countries would monitor for export surges.