House Ways and Means Trade Subcommittee Chairman Adrian Smith, R-Neb., underscored the need to lower tariffs through the Generalized System of Preferences benefits program for American businesses during high inflation at a hearing on reforming GSP, and asked his colleagues to "move forward with open minds and the urge to get things done."
A think tank with roots in libertarianism that now supports a carbon tax warned that members of Congress who want to pass a carbon border adjustment tax without a domestic carbon tax face more than just litigation at the World Trade Organization.
A former Office of the U.S. Trade Representative career negotiator and a former Trump administration trade adviser say that even if the U.S. is not going to reenter into a tweaked Trans-Pacific Partnership -- as they advised in an earlier think tank piece -- the U.S. needs to take trade negotiations in Asia more seriously to not get left behind.
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 Office of the U.S. Trade Representative is soliciting comments on significant foreign barriers to U.S. exports of goods and services to help write the National Trade Estimate Report on Foreign Trade Barriers. Comments are due by the end of the day Oct. 23, and should be submitted at regulations.gov, docket number USTR-2023-0010.
The Office of the U.S. Trade Representative is extending 77 COVID-19-related tariff exclusions as well as the 352 Section 301 exclusions that were restored in March 2022. Both sets of exclusions, which were to expire at the end of September, will last through Dec. 31.
The Office of the U.S. Trade Representative is extending by three months 77 COVID-19 related tariff exclusions as well as the 352 Section 301 exclusions that were restored in March 2022. Both sets of exclusions, which were to expire at the end of September, will last through Dec. 31.
Bryant Trick, a career staffer at the Office of the U.S. Trade Representative, was named acting assistant USTR for Europe and the Middle East. Before this appointment, announced Sept. 5, Trick served as deputy assistant USTR for Korea. The new role covers the EU, the rest of Europe, the Middle East and Northern Africa.
Canada is choosing to call for a binational panel to determine whether the countervailing duty order on its softwood lumber exports is fair, but is challenging the antidumping order at the Court of International Trade.
Although the office of the U.S. Representative has already received nearly 1,500 comments on "worker-centered trade," the office has re-opened comments that closed Aug. 11. It is now accepting ideas on trade policies and actions to advance racial and gender equity, advance equity for rural communities or other underserved categories, as well as ideas on how to advance these values through stakeholder engagement.