After the Office of the U.S. Trade Representative agreed to reinstate 64% of expired Section 301 tariff exclusions (see 2203230070), business interests said it should go further, while the Coalition for a Prosperous America said the decision was wrongheaded.
The Office of the U.S. Trade Representative on March 23 announced the extension of 352 exclusions from Section 301 tariffs on China. The exclusions, all of which had expired, resume effect as of Oct. 12, 2021, and will remain in effect through Dec. 31, 2022, USTR said.
The U.S. Trade Representative on March 23 announced the extension of 352 exclusions from Section 301 tariffs on China. The exclusions, all of which had expired, resume effect as of Oct. 12, 2021, and will remain in effect through Dec. 31, 2022, USTR said.
The National Electrical Manufacturers Association is asking House and Senate leadership to "expeditiously advance" a compromise China package by resolving differences between the U.S. Innovation and Competition Act (USICA) and the America Creating Opportunities for Manufacturing Pre-Eminence in Technology and Economic Strength (America Competes) Act.
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.
The House passed its China package, the America Competes Act, on a nearly party-line vote, with one Democrat dissenting and one Republican voting for it. The America Competes Act and the Senate's U.S. Innovation and Competition Act both propose subsidizing American semiconductor manufacturing and both propose investing in science research to better counter China's play for technological dominance, but the House version spends far more money and includes some priorities that the Senate did not, such as $2 billion annually for climate change foreign assistance and a generous reauthorization of Trade Adjustment Assistance. The vote was 221-210.
Amendments that would have directed the Office of the U.S. Trade Representative to broaden access to Section 301 exclusions and would have liberalized the Generalized System of Preferences benefits program will not get a vote when the America Competes Act gets a vote on the House floor this week, but the Ocean Shipping Reform Act will get a vote. That bill passed the House last year, but has not gotten a vote in the Senate.
Sandler Travis managing principal Nicole Bivens Collinson said that Sandler Travis is working with companies to develop comments to the federal government on how to implement the Uyghur Forced Labor Prevention Act (see 2201210031) because a lot of companies don't want their names on their comments. "We are creating an ad hoc coalition because I know a lot of companies don't want to go on record," partly "because they may be a global operation that has operations in China," she said, while speaking on a recent webinar hosted by the firm. China prohibits companies from adhering to foreign laws that negatively impact the country.
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.
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.