At a political rally in the Dayton, Ohio, suburbs, former President Donald Trump addressed Chinese President Xi Jinping with a threat that if Chinese firms open car assembly plants in Mexico, the U.S. will put a 100% tariff on their products.
A House member who is running for the Senate in Indiana asked the Commerce Department to initiate an investigation on the import of electric vehicles and electric vehicle batteries made anywhere in the world.
Ten senators have introduced a bill to require that the administration reinstate 25% tariffs on Mexican steel imports for at least one year, because they say that Mexico is not honoring the 2019 agreement that lifted Section 232 tariffs on Mexico and Canada. A companion bill was also introduced in the House.
Former President Donald Trump defended his proposal to increase tariffs on all imports by 10% (see 2308290005), saying it would incentivize American and foreign companies to build factories in the U.S. instead of other countries.
House Republican conservatives want to end Permanent Normal Trade Relations with China and have introduced a bill that urges the U.S. trade representative to negotiate free trade agreements with Taiwan, the Philippines, Indonesia, Thailand, Malaysia, New Zealand, and the U.K. so that importers can have alternatives to Chinese suppliers at a lower cost.
President Joe Biden said a regulatory effort from the Commerce Department to curtail the use of software, sensors and cameras in automobiles made by Chinese firms is one of the actions the administration is taking "to make sure the future of the auto industry will be made here in America with American workers."
Allowing large numbers of electric vehicles from Chinese companies assembled in Mexico would be an "extinction event," warned the Alliance for American Manufacturing, a nonprofit co-founded by large domestic manufacturers and the United Steelworkers union.
National Association of Manufacturers CEO Jay Timmons said that all of his 250 members want liberalized trade, and said he didn't understand why a simple issue like the Miscellaneous Tariff Bill has been hung up in partisan conflict for three years.
A climate policy adviser to Sen. Sheldon Whitehouse, a Rhode Island Democrat and lead advocate for a domestic carbon tax paired with a carbon border tax, said he thinks the expiration of Trump tax credits in 2025 could create a window to pass some sort of carbon border adjustment tax, because Congress will be seeking revenue raisers to be able to continue the tax cuts.
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