For the second year in a row, members of Congress are arguing that they should vote to ban the import of Russian uranium (see 2203280068), but the Senate reintroduction of the bill is now bipartisan, with powerful swing vote Sen. Joe Manchin, D-W.Va., on board.
Two Republicans and two Democrats have introduced a bill to renew HELP, the Haiti Economic Lift Program, which would extend tariff breaks for apparel from Haiti for 10 years beyond the current 2025 expiration date. The products covered are 93% of Haitian exports, according to Sen. Marco Rubio, R-Fla.
Senators unveiled legislation this week that would give the administration new authority to block transactions with TikTok and other foreign technology products that threaten U.S. national security. The bill, which has bipartisan support and was endorsed by the White House, would require the Commerce Department to establish new procedures to prohibit or mitigate transactions involving information and communications technology products “in which any foreign adversary has any interest and poses undue or unacceptable risk to national security.”
Sens. Chris Coons, D-Del., and John Thune, R-S.D., recently introduced a bill called Undertaking Negotiations on Investment and Trade for Economic Dynamism (United) Act, which would use the last trade promotion authority's language to authorize a free-trade negotiation with the U.K.
The House Ways and Means Committee passed an oversight plan (see 2302270041) for the 118th Congress along party lines Feb. 28.
The new Republican majority in the House Ways and Means Committee said it plans to do oversight across a multitude of trade policies advanced by the administration, including enforcement of trade agreements and trade negotiations for the Indo-Pacific Economic Framework for Prosperity (IPEF), the Americas Partnership for Economic Prosperity, the U.S.-Taiwan Initiative on 21st Century Trade and the U.S.-Kenya Strategic Trade and Investment Partnership. For existing FTAs, the committee said it wishes to identify provisions that should be updated to improve the agreements' benefits for the U.S.
A bipartisan group of House members introduced a bill this week that could strengthen the U.S. ability to respond to economic coercion by foreign countries. The bill, which was introduced in the Senate earlier this month (see 2302080068), would allow the president to lower duties on non-import-sensitive goods made by a country that lost exports due to coercive actions; increase duties on imports from the "foreign adversary" committing the coercion; and allow the U.S. to more easily facilitate trade, including exports, with the coerced parties.
An alliance of more than 25 GSP nations on Feb. 21 called on the U.S. Congress to renew the Generalized System of Preferences benefits program. The program authorization lapsed in December 2020 and has yet to be renewed. The Alliance of GSP Countries includes Pakistan, Egypt, Thailand and Argentina, among others.
House Ways and Means Committee Trade Subcommittee Chairman Adrian Smith, R-Neb., said the Biden administration is leaving an opportunity on the table by not continuing negotiations for a comprehensive trade agreement with the U.K.
A bipartisan group of senators signed a Feb. 14 letter urging the Biden administration to take action against a surge of Mexican steel imports. The letter said tariffs can be reintroduced under a 2019 agreement that removed Section 232 duties on Mexican steel imports but allows them to be reintroduced if Mexican steel imports "exceed historic volumes of trade" and "surge meaningfully" into the market. The lawmakers said iron and steel imports increased about 73% over the agreed baseline from 2015 to 2017, which they believe requires action from the administration under the agreement.