US Policy

U.S. Currency Hawks Continue Push For TPP Rules After Vietnam Follows China's Lead

Lawmakers and U.S. stakeholders who are pressing for the Trans-Pacific Partnership (TPP) to include strong, enforceable currency rules were further galvanized last week by Vietnam's devaluation of its currency in an effort to stem the impact of China's decision earlier this month to devalue the renminbi (RMB) relative to the U.S. dollar. These critics of the administration’s currency policies alleged that the Aug. 19 devaluation by Vietnam, as well as the depreciation of currencies in Asia-Pacific countries since China’s first...

Closing Session Remarks For The Seventh U.S.-China Strategic & Economic Dialogue

Reactions:
U.S. Chamber Of Commerce

Previously Posted:
U.S., China Agree To Exchange New BIT Negative Lists By September

International Trade Administration Fact Sheet

Press Release

Draft Federal Register Notice Finding Duping
Draft Federal Register Notice Finding Subsidies

Export-Import Bank Annual Competitiveness Report

Press Release

Reactions:
Information Technology And Innovation Foundation

Previously Posted:
Senate Ex-Im Backers Stage 'Show Vote' Of Support, But Path Still Unclear

USTR launches Section 301 exclusion process for manufacturing machinery

The Office of the U.S. Trade Representative on Tuesday opened a process to request exclusions for machinery used in domestic manufacturing from a slate of new Section 301 tariffs on Chinese goods announced earlier this year. The Biden-Harris administration in May >announced tariff hikes on Chinese goods in several key sectors following a mandatory four-year review of duties adopted under Section 301 of the Trade Act of 1974. USTR initially proposed an exclusion process that covered 312 tariff subheadings, with...

House passes bill to alter EV tax credit under IRA; White House opposes

The House on Thursday passed a bill that would amend the Inflation Reduction Act to bar batteries with materials sourced from China or other “foreign entities of concern” from qualifying for clean vehicle tax credits. The bill passed 217-192 but is unlikely to become law, as the White House on Wednesday announced its opposition to the measure. No companion legislation has been introduced in the Senate, but some senators have offered their own proposals for changing the tax credit. The...

Sept. 12 statement

Steel industry to lawmakers: Pass trade remedy update in any China bill

Steel industry representatives and workers on Wednesday took to Capitol Hill to urge lawmakers to tighten U.S. trade remedy laws, with a package of China-related legislation that House Speaker Mike Johnson (R-LA) wants to pass by the end of the year a possible pathway. Representatives of steel producers, pipe and tube manufacturers and union workers from across the U.S. met with lawmakers to push for passage of the “Leveling the Playing Field Act 2.0.” The bill, reintroduced last year by...

Report: Pending solar duties would put new U.S. panel facilities at risk

An ongoing set of antidumping and countervailing duty probes into solar cells and modules from four Southeast Asian countries could jeopardize new investments in U.S. solar module manufacturing, according to a new report by industry analysts who say domestic module demand will not be met without imported solar cells. The report , commissioned by the American Council on Renewable Energy and produced by Clean Energy Associates, examines how the ongoing probes, launched by the Commerce Department in May following petitions...

House critical minerals working group eyes year-end legislative push

The House Select Committee on the Chinese Communist Party’s critical minerals working group is aiming to help push legislation through Congress by the end of the year to secure U.S. access to rare earth elements, according to the group’s chair. The select committee last week created the working group, led by Rep. Rob Wittman (R-VA) and Kathy Castor (D-FL), and instructed it develop policy proposals to reduce U.S. dependency on China for critical minerals. The group held its first meeting...

Not a subscriber? Request 30 days free access to exclusive, behind-the-scenes reporting on the trade relations with China and the changes being made by the Trump administration.