Senate Finance Committee Chairman Chuck Grassley, R-Iowa, said a bill reforming Section 232 won't be introduced in his committee until after the Senate votes on the U.S.-Mexico-Canada Agreement, because, he said, that vote is a political complication for Sen. Ron Wyden, D-Ore. Grassley, who was responding to a question from International Trade Today Nov. 12, said he doesn't think Wyden has a problem with the NAFTA rewrite, but that "it's a problem for Democrats generally, and I think he's got that to work with, and needs more time on 232. And I’m willing to give him more time, because I don’t see how I can move productively ahead without his cooperation."
President Donald Trump said everybody thinks it makes sense for the executive branch to be able to hike tariffs on trading partners to the same levels those countries tax the corresponding American products. This proposal, the Reciprocal Trade Act (see 1901240017), was introduced by a Republican who left his office in the middle of the term to work as a CNN talking head. Trump acknowledged that it cannot pass unless Republicans retake the majority in the House of Representatives.
NEW YORK -- Moises Kalach, leader of the Mexican Coalition for USMCA and vice president of a textile conglomerate in Mexico, said his organization has met with 172 House offices and 30 Senate offices, and has particularly targeted 94 House Democrats -- from border states, moderates, Hispanics, pro-free trade, or on the Ways and Means Committee (many members fit more than one category).
LATHRUP VILLAGE, Mich. -- CBP is still wrapping its head around how it would enforce labor wage content requirements for automobiles under the renegotiated NAFTA, said Brenda Smith, executive assistant commissioner of CBP’s Office of Trade, at the Automotive Industry Action Group Customs Town Hall on Nov. 7.
The Senate Finance Committee's attempt to give Congress more of a say on how Section 232 tariffs or quotas are applied is stalled again. Chairman Chuck Grassley, R-Iowa, when he was speaking with reporters a week ago, said a markup of a bill along those lines could happen in November if he could find a compromise that could pass out of committee. The chairman's deadline for introducing a bill has slipped repeatedly through the year (see 1908070058 and 1906130033).
President Donald Trump, speaking at a fracking conference in Pennsylvania, first said that Democrats don't want to put the NAFTA rewrite up for a vote, then said, "But I think they're going to put it up because everybody wants it, and I think ultimately, they're going to do the right thing."
USMCA Working Group Members' Mood After Meeting Diverges; Caucus Is Hearing Biologics Solution Found
Some members of the Democrat working group tasked with getting edits to the new NAFTA said it's going well after the latest meeting, but others emphasized how delicate it is, and how parsing the words is essential to satisfying Democrats' concerns with the deal.
Senate Finance Committee Chairman Chuck Grassley, R-Iowa, one of the few Republicans in Washington who has not criticized House Democrats for spending months negotiating for changes to the U.S.-Mexico-Canada Agreement, told reporters Oct. 22 he recently started to worry about time running out.
House Trade Subcommittee Chairman Earl Blumenauer, D-Ore., a member of the working group working to get changes to the new NAFTA to suit Democrats, said "there's been some hiccups" in negotiations with the administration, but a deal is achievable if the administration wants it. "Everybody's trying to figure out how to do it," he said. And, given the amount of staff work, and the pace of meetings -- two this week with U.S. Trade Representative Robert Lighthizer -- if the Democrats and USTR don't reach agreement "it's not going to be for lack of effort."
About 350 companies, trade associations and local manufacturing groups and chambers of commerce are urging Congress to ratify the United States-Mexico-Canada Agreement "as soon as possible this autumn." The letter, led by the National Association of Manufacturers and signed by giants like Ford, GM, Fiat Chrysler, Caterpillar, IBM, GE, Honeywell, Bayer and Bristol-Myers Squibb, was sent Oct. 15. It said that ratification "is essential to promoting certainty and growth for manufacturing businesses." Volvo North America and Mahindra Automotive America signed the letter, but BMW and Mercedes -- whose supply chains would likely have to change to meet stricter rules of origin -- did not. The letter referred to trade facilitation -- though not explicitly higher de minimis levels in Canada and Mexico, in saying that the USMCA will eliminate red tape at the border, and make "it easier for small and medium-sized businesses to sell into these critical markets."