Inside Trade

October 12, 2025

Treasury Department

Yellen: APEP countries must seize opportunities to boost supply chain resilience

Americas Partnership for Economic Prosperity countries must “move quickly” to capitalize on opportunities presented by businesses seeking to boost their supply chain resilience, Treasury Secretary Janet Yellen said on Friday, ahead of a meeting with APEP finance ministers. The development of resilient supply chains must be a “key driver” of growth across the Western Hemisphere, Yellen told fellow APEP finance ministers, according to her April 19 remarks issued by Treasury . “Americas Partnership countries need to move quickly to seize...

Tai, citing Biden, says interagency work on 301 tariff review nearly done

President Biden’s call this week for the Office of the U.S. Trade Representative to triple Section 301 tariffs on steel and aluminum from China is “an indication” that the administration has nearly completed interagency work on a long-awaited review of the Section 301 tariffs imposed on goods from China by President Trump, USTR Katherine Tai said on Wednesday. The administration on Wednesday announced a new investigation under Section 301 of the Trade Act of 1974 into Chinese practices in the...

Rep. Miller-backed bill would tighten FEOC rules for EV tax credits

House Ways & Means member Carol Miller (R-WV) this week introduced a bill crafted to close what she says are loopholes in sourcing requirements for U.S. electric vehicle tax credits that could benefit China. The “ End Chinese Dominance of Electric Vehicles in America Act ” would amend requirements for so-called 30D consumer EV tax credits created under the Inflation Reduction Act to ensure that companies with “unofficial” ties to the Chinese Communist Party cannot benefit from the incentives and...

Treasury proposes stricter CFIUS penalties, expanded subpoena power

The Treasury Department wants to expand the authority of the Committee on Foreign Investment in the U.S. to demand information from companies in its reviews of transactions for national security implications and hike penalties on companies found to have misrepresented themselves. Treasury on Thursday issued a notice of proposed rulemaking laying out new measures that would allow CFIUS to require that companies provide it with information about transactions even if those companies have not notified CFIUS of the transactions themselves,...

New House bill would direct probe of gender bias in U.S. tariff system

House lawmakers on Wednesday introduced a bill that would direct the Treasury Department to examine gender bias and regressivity in the U.S. tariff system following calls from a former trade official for greater scrutiny of the distributional effects of tariffs. “We’ve all heard of the ‘pink tax,’ where women’s products cost more than comparable products for men, but something we haven’t begun to investigate is how our tariff system is also playing a role in price discrepancies,” said Rep. Brittany...

Yellen to press Chinese counterparts on overcapacity risks

Editor's note: This story was updated after initial publication once Yellen delivered her remarks. When she heads to China next month, Treasury Secretary Janet Yellen will emphasize the risks that Chinese overcapacity in the solar, electric vehicle and lithium-ion battery sectors pose to the global economy and to the U.S. in particular, she said on Wednesday. “We have raised overcapacity in previous discussions with China and I plan to make it a key issue in discussions during my next...

U.S. updates ‘action plan’ for responsible business conduct across supply chains

The Biden administration will take additional steps to encourage businesses to address negative impacts of their supply chain operations and footprints abroad, including those involving human and labor rights and the environment, according to a new plan published on Monday. The “ National Action Plan on Responsible Business ” outlines the administration’s expectations for companies’ due diligence and human rights protections in supply chains and lays out a series of government commitments and incentives to support such efforts. “Promoting Responsible...

Yellen: Advanced manufacturing tax credit to benefit workers, onshore supply chains

Treasury Secretary Janet Yellen on Thursday defended the Inflation Reduction Act’s advanced manufacturing tax credit in the face of criticism from some senators concerned it might benefit U.S. adversaries like China, insisting the credit would be implemented to “benefit U.S. workers and onshore supply chains.” The Inflation Reduction Act’s 45X advanced manufacturing tax credit was designed to incentivize U.S. production of renewable energy system materials like wind turbine blades, solar panel wafers and electric vehicle battery inputs. Unlike the 30D...

U.S., Turkey agree to extend deal on digital services tax

The U.S. and Turkey on Tuesday announced they would extend their detente over digital services taxes while a broader Organization for Economic Cooperation and Development-led deal remains pending. The political compromise means the Office of the U.S. Trade Representative will suspend its investigation into Turkey’s DST measure under Section 301 of the Trade Act of 1974 and Turkey will hold off on collecting duties under the measure. The agreement to extend, announced by the two countries in a joint statement...

APEP finance officials talk supply chain competitiveness, investment

Finance officials from Americas Partnership for Economic Prosperity countries last week discussed plans to boost supply chain competitiveness in the Western Hemisphere, according to the Treasury Department. Special Presidential Adviser Chris Dodd and Assistant Treasury Secretary for International Trade and Development Alexia Latortue co-chaired an APEP finance track meeting on the sidelines of the Inter-American Development Bank’s annual meeting in Punta Cana, Dominican Republic, according to a March 8 readout issued by Treasury. Treasury leads APEP’s finance track, while the...

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