The Coalition for a Prosperous America, whose first CEO joined the Office of Management and Budget as associate director for economic policy (see 2502240005), is calling for replacing USMCA with two bilateral trade agreements. The CPA submitted comments for the USMCA six-year review.
The Chinese government announced that it's delaying its export licensing system that it announced in October, which affected rare earth processing equipment, extraterritorial use of its rare earths, and battery manufacturing equipment.
On Nov. 6, the FDA posted new and revised versions of the following Import Alerts on the detention without physical examination of:
Senate Finance Committee Chairman Mike Crapo, R-Idaho, blocked a vote on a bill that would end tariffs on imported coffee.
After a visit from five Central Asian presidents, President Donald Trump posted on social media that Uzbekistan will do a combination of purchases of U.S. exports and investments in the U.S. worth almost $35 billion over the next three years. He said these purchases and investments would be in critical minerals, aviation, auto parts, energy and chemicals, infrastructure, agriculture and information technology.
Three Chinese researchers were charged on Nov. 5 with conspiracy to smuggle biological materials into the U.S. and for making false statements to CBP officers, DOJ announced. The individuals, Xu Bai, Fengfan Zhang and Zhiyong Zhang, were all research scholars with J-1 visas conducting research at the University of Michigan laboratory of researcher Xianzhong Xu, DOJ said.
Section 122 of the Trade Act of 1974 may be a more limited "fall-back option" for the Trump administration should the Supreme Court strike down all the tariffs President Donald Trump has imposed under the International Emergency Economic Powers Act, Dr. Mona Paulsen, law professor at the London School of Economic Law School, wrote in a blog post.
CBP issued the following releases on commercial trade and related matters:
There are probably five justices who will find that the reciprocal tariffs were not permissible under the International Emergency Economic Powers Act that the president used to impose them, according to Georgetown University Law Center Professor Marty Lederman. Lederman, a senior fellow in the Supreme Court Institute at Georgetown, was one of two guests on the weekly Washington International Trade Association podcast that aired Nov. 7.
The U.S. is likely to commit to a full renegotiation of USMCA during the trade pact's upcoming sunset review and could even abandon the trilateral agreement in favor of individual ones, according to Miguel Messmacher, former chief economist at the Ministry of Finance of Mexico.