The New Democrat Coalition, a caucus of pro-free trade Democrats, publicly released a letter to the president asking him to change course on trade, and work on traditional free trade agreements that lower tariffs and go through congressional approval. President Joe Biden has declined to work on any trade-liberalizing FTAs, saying that deals that can be negotiated more quickly that address supply chains, trade facilitation and other non-tariff barriers are more fit for today's challenges.
The chairman and top Democrat on the House Select Committee on China asked U.S. Trade Representative Katherine Tai to consider launching a new Section 301 investigation for autos, in order to examine the harm that China's subsidization and technology transfer practices could do if Chinese electric vehicles start entering the U.S. in large numbers.
NEW YORK -- Apparel industry lobbyist David Spooner, speaking at the U.S. Fashion Industry Association annual conference, said employees of the Office of the U.S. Trade Representative have indicated to him that the office "might actually sunset some of the tariffs," and that importers will be able to apply for a new product exclusion. "Hopefully this is the case," he added.
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.
Sen. Chris Coons, D-Del., who earlier said the priority should be renewing the African Growth and Opportunity Act "as soon as possible and for a lengthy period," rather than making reforms to the trade preference program, has now put out a "discussion draft" that lays out some reform proposals.
Under a newly introduced bill imposing a pollution fee, importers of record would have to pay a tax based on the percentage of the value of the imported good and calculated on the difference between the pollution intensity of that good's production in the country it's manufactured in and domestic production.
Deputy U.S. Trade Representative Jayme White, whose portfolio covers Europe, the Western Hemisphere and the Middle East, is leaving his position, with his last day Nov. 1, the office announced.
Not only does the byzantine system of tariff rate quotas and the suspension agreement with Mexican sugar exporters hike the cost of sugar, a new government report says that the methods of allocating and re-allocating TRQs result in consistent shortfalls in imports so that supply doesn't meet domestic demand, and shortages for food manufacturers, particularly late in the year.
Mauritania will participate in the African Growth and Opportunity Act program and receive benefits next year, since it has made progress in ending hereditary slavery, but Ethiopia, which was expelled from participation due to human rights violations during a rebel uprising, won't be allowed back in.
Even though there still are nearly two years left in the African Growth and Opportunity Act, companies that source from Africa and the countries who use AGOA tariff breaks are pushing Congress to renew the program long before the Sept. 30, 2025, deadline.