International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
Automakers and their trade groups cautioned the Bureau of Industry and Security to tailor its restrictions narrowly -- and allow a phase-in -- if they want manufacturers to stop buying information technology components from China for cars with advanced features, including electric cars.
An element of the Generalized System of Preferences benefits package that has passed the House Ways and Means Committee next month could result in some apparel items being added to the eligibility list for the first time, something sponsor Rep. Carol Miller, R-W.Va., has pushed for since 2023.
International Trade Today is providing readers with the top stories from last week in case they were missed. All articles can be found by searching on the titles or by clicking on the hyperlinked reference number.
Although all members of the House Ways and Means Committee supported a bill renewing the Generalized System of Preferences benefits program, the bill proceeded to the House floor on a split bipartisan vote of 17-24 as Democrats unsuccessfully called to include an extension of the Trade Adjustment Assistance for Workers program, which lapsed in 2022.
U.S. Trade Representative Katherine Tai gave testimony April 17 to the Senate Finance Committee regarding President Joe Biden’s 2024 trade policy agenda. She touched mainly on trade deal enforcement, U.S. exporters’ access to new markets and the USTR’s new stance on digital trade, though she also discussed issues such as forced labor and the upcoming legislation on the Generalized System of Preferences benefits program.
U.S. Trade Representative Katherine Tai testified April 16 before the House Ways and Means Committee regarding the Biden administration’s trade policy agenda for 2024. She expressed support for upcoming legislation to renew the Generalized System of Preferences benefits program and to close the de minimis imports loophole (see 2404160029), and she detailed some of the administration’s values and aims for the upcoming year. “Our approach is one that addresses and advances the interests of all parts of our economy and does not pit Americans against Americans,” she said.
The House Ways and Means Committee is set on April 17 to consider several just-introduced trade bills, including a retroactive extension of the Generalized System of Preferences benefits program, new restrictions on de minimis and restrictions on electric vehicle tax credits.
Ahead of congressional hearings featuring U.S. Trade Representative Katherine Tai, the U.S. Chamber of Commerce’s senior vice president said on an April 15 press call that his organization is concerned about the “laissez faire” approach he said the Biden administration has been taking in negotiating against foreign trade barriers and enforcing existing U.S. trade agreements.
A new bill from the Senate Foreign Relations Committee's top Republican and a Democratic member would renew the African Growth and Opportunity Act trade preference program for 16 years, offer more flexibility on country eligibility reviews, and soften the high-income graduation rules.