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Daily News

June 01, 2021

The massive China-focused legislation the Senate is expected to approve next week has a host of provisions companies are wary of, according to two business representatives, who also noted the uncertain future of the bill and potential for changes it could undergo before it could be signed into law.

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The heads of four of the largest international organizations called jointly this week for world leaders to support a $50 billion plan – proposed by the International Monetary Fund – to vaccinate people in low- and middle-income countries against COVID-19 in an effort to not only save lives, but also boost global economic recovery.

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Rep. Jimmy Gomez (D-CA) continues to advocate for the Biden administration to quickly fill the position of chief innovation and intellectual property negotiator in the Office of the U.S. Trade Representative, he tells Inside U.S. Trade.

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May 28, 2021

Trade ministers from G7 countries agreed during meetings this week to tackle an array of trade issues including market-distorting practices, World Trade Organization reform, digital trade, forced labor practices and trade and the environment, according to a joint communiqué issued on Friday.

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The White House on Friday released a fiscal year 2022 budget request advocating for a 29.4 percent increase for the Commerce Department, a boost that would include money to fund domestic semiconductor manufacturing incentives, create a fund focused on supply chain resiliency and boost funding for the International Trade Administration and the Bureau of Industry and Security.

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The White House on Friday released a fiscal year 2022 budget request advocating for a 29.4 percent increase for the Commerce Department, a boost that would include money to fund domestic semiconductor manufacturing incentives, create a fund focused on supply chain resiliency and boost funding for the International Trade Administration and the Bureau of Industry and Security.

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The European Union on Friday called the U.S. stance on two longstanding World Trade Organization disputes over large civil aircraft and agriculture biotechnology a step backward, accusing the U.S. of bringing up issues it had previously laid to bed.

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U.S. Customs and Border Protection on Friday took the unusual step of issuing a withhold-release order on an entire distant-water fishing fleet owned by a Chinese company the agency determined uses forced labor in its seafood harvesting, blocking imports of seafood sourced from the fleet from entering the U.S. market.

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The U.S. lags Canada and other trading partners in efforts to address gender in trade agreements, according to a new report from the Center for Strategic and International Studies, whose authors tell Inside U.S. Trade much more can be done to reduce barriers to trade faced by women.

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The Senate on Friday failed to pass a wide-ranging China-focused bill after a group of Republicans succeeded in delaying a vote until after a Memorial Day break. 

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The U.S. and its allies should adopt a “sandbox mentality” in addressing digital trade issues for which they don’t yet “have the answers,” a Commerce Department official said on Thursday.

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May 27, 2021

The trade bill attached to the American Innovation and Competition Act on Thursday includes provisions on censorship and seafood import monitoring different from those Senate Finance ranking member Mike Crapo (R-ID) proposed last week. 

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The Senate on Thursday overwhelmingly voted to attach to a wide-ranging China-focused legislative package a bill to extend two trade preference programs, restart and reform the exclusion process for Section 301 tariffs on Chinese goods and implement a host of other trade provisions. 

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The Senate on Thursday reached a deal bring to the floor four Republican-sponsored amendments to a wide-ranging China bill that will include one proposed by Senate Finance Committee ranking member Mike Crapo (R-ID) that would extend two expired trade preference programs and restart and reform the Section 301 process for tariffs on Chinese goods, among a litany of other trade provisions. 

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World Trade Organization members on Thursday took up one of the most significant sticking points in the negotiations to curb harmful fisheries subsidies, debating what kind of special and differential treatment provisions for developing countries should be in a final agreement.

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The Senate is nearing a deal that would bring to the floor a vote on an amendment that would extend two expired trade preferences programs, though the agreement hinges on the support of one senator whose staff is recommending he support the deal, Sen. Mike Rounds (R-SD) told reporters on Thursday. 

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The Biden administration is calling for bold ideas from industry as it looks to use trade promotion tools to help meet climate goals, a senior Commerce Department official said on Wednesday.

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Senate Minority Leader Mitch McConnell (R-KY) on Thursday threw his support behind Finance Committee ranking member Mike Crapo’s (R-ID) efforts to hold up a vote on a wide-ranging China-focused package until Crapo’s trade amendment, which includes a renewal of the Generalized System of Preferences and a new Miscellaneous Tariff Bill, gets a floor vote.

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May 26, 2021

U.S. Trade Representative Katherine Tai on Wednesday held her first meeting with Chinese Vice Premier  Liu He, a “candid” exchange that involved a discussion of her top-to-bottom review of U.S. trade policy toward Beijing, USTR said.

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Commerce Secretary Gina Raimondo on Wednesday said she would be willing to convene lawmakers and industry representatives for a “summit” to address record-high lumber prices, which some say are being exacerbated by a longstanding trade dispute with Canada.

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