For decades the U.S. economy has been focused on supply chain efficiency and the search for the least-expensive way to source inputs, but the pandemic and the war in Ukraine have contributed to a “paradigm shift” that has policymakers emphasizing supply chain resiliency -- one reason why the Biden administration has maintained tariffs on Chinese goods, according to a senior adviser to U.S. Trade Representative Katherine Tai.
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Sen. Pat Toomey (R-PA), a vocal opponent of proposed legislation to create an outbound investment review mechanism, on Thursday said he would agree to establish one via the annual defense authorization bill if the new tool is sufficiently narrow and clearly focused on China.
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Sen. Raphael Warnock (D-GA) is calling on the Treasury Department to ensure as many manufacturers as possible can take advantage of a new tax credit for North American-made electric vehicles that has been sparking concern among trading partners and foreign automakers with facilities in the U.S.
U.S. importers are urging the Commerce Department to re-evaluate its calculation of dumping margins on quartz surface products from India after a late filing -- by several hours -- from one exporter in a review of antidumping duty orders led to a preliminary rate that could result in steep retroactive duties on dozens of companies.
The U.S. government lacks the business data necessary to effectively make the targeted investments authorized by the CHIPS and Science Act, analysts argued on Thursday.
President Biden has concurred with the Commerce Department’s determination that imports of neodymium-iron-boron permanent magnets threaten national security and will take a series of recommended actions -- but not tariffs -- to mitigate that threat, the administration announced.
The Federal Maritime Commission is accepting public comments on a draft rule to prohibit ocean carriers from unreasonably refusing to provide vessel space to shippers -- a recurring concern among U.S. exporters.
The White House has named the officials who will lead newly established offices charged with implementing the CHIPS and Science Act’s semiconductor incentive programs.
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