CBP issued the following releases on commercial trade and related matters:
Senators on the committee that oversees trade pressed U.S. Trade Representative Katherine Tai repeatedly on why the administration isn't engaged in negotiations with other countries to get them to lower their tariffs, so that U.S. exporters, particularly agricultural producers, can gain more market share. Both Democrats and Republicans questioned the decision to pursue the Indo-Pacific Economic Framework as something other than a traditional free trade agreement,
U.S. Trade Representative Katherine Tai endorsed the Level the Playing Act during a four-hour hearing in front of the House Ways and Means Committee after one of its House sponsors noted the House and the Senate are about to go to conference, and the proposal to rewrite antidumping duty and countervailing duty laws is going to be on the table.
Rep. Kevin Brady, the top Republican on the House Ways and Means Committee, said that when Republicans meet privately with U.S. Trade Representative Katherine Tai ahead of her testimony March 30, they will argue that the Section 301 exclusions announced last week (see 2203230070) were far too limited.
The following lawsuits were filed at the Court of International Trade during the week of March 21-27:
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.
A senior fellow at the American Enterprise Institute says U.S. Trade Representative Katherine Tai "seems unable to persuade the White House" to fashion new tools to confront China, and complains that if the administration has postponed a second Section 301 investigation, that's a mistake.
A leading voice in the House behind the Uyghur Forced Labor Prevention Act introduced a bipartisan bill that would remove permanent normal trade relations from China and instead would require annual affirmations from the administration that "the Chinese government is making serious and sustained improvement in respecting human rights" in order to retain most-favored-nation tariffs.
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.