House Ways & Means trade subcommittee ranking member Earl Blumenauer (D-OR) won't support a new bill to reauthorize the Generalized System of Preferences despite GOP efforts to appease Democrats by amending the proposal to include labor and environment provisions.
World Trade Online
IN TRADE
The proposal is among several trade bills set to be marked up by the House Ways & Means Committee on Wednesday.
Tue, 4:46 PM
“The discussions focused on the creative industries, digitalization and paperless trading, and intellectual property protection.”
Tue, 3:41 PM
“The two sides primarily exchanged views on the texts that concern agriculture, environment, and workers’ rights.”
Mon, 5:59 PM
“Hundreds of legal and economic experts have highlighted the substantive and procedural flaws of the ISDS system and have presented evidence that suggests such a system is unnecessary to promote foreign investment.”
Mon, 3:39 PM
House Ways & Means Republicans on Tuesday repeatedly sparred with U.S. Trade Representative Katherine Tai over what they described as a “feckless” and “toothless” trade policy, while Tai forcefully pushed back against their claims -- even telling one GOP member her approach was “disrespectful.”
World Trade Organization members must “be very careful” in invoking the national security exception to prevent a race to the bottom, Director-General Ngozi Okonjo-Iweala said on Tuesday, urging similar restraint if former President Donald Trump wins re-election and imposes his proposed 10 percent across-the-board tariff.
The U.S. on Tuesday filed its second-ever request for a dispute settlement panel under the U.S.-Mexico-Canada Agreement’s rapid-response mechanism, this time over a labor dispute at a call center in Mexico.
The Biden administration’s “go-it-alone” trade policy has compelled House Ways & Means Republicans to introduce a raft of legislation intended to “correct” deficiencies that are increasingly empowering China and hurting U.S. workers, committee Chair Jason Smith (R-MO) charged on Tuesday.
U.S. Trade Representative Katherine Tai will tell the House Ways & Means Committee today that her office is “closely reviewing” a petition to investigate unfair trade practices in the Chinese shipbuilding industry, remarks that reiterate administration efforts to use trade policy to empower workers, strengthen supply chains and promote inclusivity.
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The U.S., the European Union and a few other closely allied countries have revived a U.S. proposal to codify certain question-and-answer practices related to subsidy notifications at the World Trade Organization, with the goal of improving transparency.
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Global goods trade is expected to pick up this year and next following a slight dip in 2023, the World Trade Organization said on Wednesday, warning that ongoing conflicts, geopolitical tensions and protectionist economic policy could impact the forecasted rebound.
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The House Ways & Means Committee on Wednesday will mark up a raft of bills targeting China and the Biden administration’s approach to trade, including legislation to renew the Generalized System of Preferences, tighten de minimis law and neuter new critical minerals deals.
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The U.S. should launch a probe of Chinese shipbuilding practices, nearly 40 House Democrats said last week, adding to calls for action to boost the U.S. industry following a push by prominent unions.
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The deal’s implementing legislation calls for five economic impact studies by 2031.
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The Office of the U.S. Trade Representative is continuing its aggressive use of the U.S.-Mexico-Canada Agreement’s rapid-response mechanism, submitting two requests this week for Mexico to review the potential denial of labor rights at a steel component manufacturer and a mining facility.
FEATURED STORY
A bipartisan group of House lawmakers on Thursday introduced legislation to establish an independent commission that would develop recommendations for a “comprehensive” trade strategy in the Indo-Pacific, which sponsors say is needed to counter China and to “reassert” congressional authority over trade policy.
A weekly overview of the policy moves driving the U.S.-China tech competition
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