Members of the House of Representatives voted 365-65 on the second day of the session to create a Select Committee on China. The committee, which will be led by Rep. Mike Gallagher, R-Wis., will be bipartisan.
The U.S. Chamber of Commerce and its analogues in Canada and Mexico asked the three countries' leaders to work on "a quick resolution" of disputes over Mexican energy policies, Canadian dairy tariff-rate quotas and the U.S. position on the auto rules of origin.
The Commerce Department is planning a March 28-30 trade mission to Kenya for “export-ready companies” looking to expand their sales in the region, the agency said in a notice this week. The mission, which will offer an optional stop in Tanzania, will coincide with the American Chamber of Commerce of Kenya’s regional summit, which brings together sister chambers from East African Community member countries. Companies looking to participate in the mission must “certify that the products and services it seeks to export through the mission are either produced in the United States, or, if not, are marketed under the name of a U.S. firm and have at least fifty-one percent U.S. content by value,” among other conditions, Commerce said.
Sens. Rob Portman, R-Ohio, and Chris Coons, D-Del, laid out parameters of a trade package they hope to get passed in the next three weeks in Congress.
The House of Representatives overwhelmingly passed a bill that would impose the contract that eight rail unions approved but four rejected, a contract that protects health insurance benefits and increases pay 24% across four years, with more than half of those pay increases applied retroactively, since the last contract expired in mid-2020.
Congress needs to act to help prevent a looming major rail strike that could disrupt freight movement and back up supply chains, more than 400 trade associations said in a Nov. 28 letter to congressional leadership. The letter, signed by the U.S. Chamber of Commerce, the National Customs Brokers & Forwarders Association of America, the Agriculture Transportation Coalition and others, said the “uncertainty” surrounding a potential rail disruption “has created enormous anxiety” in the industry.
Of all the outstanding trade policy options -- new trade promotion authority, requiring Section 301 exclusions, revisions to antidumping law and a customs modernization law -- the head of government relations at Flexport said he thinks customs modernization is the most likely to pass. "I think we are coming on the cusp of something," Darien Flowers said, and said he thinks a bill will be enacted before 2025. Flowers once worked for Sen. Bill Cassidy, the Louisiana Republican who is leading the bill, though more recently he served on the minority staff of the Senate Commerce Committee.
The U.S. Chamber of Commerce's John Murphy said that manufacturers are some of the biggest supporters of free trade deals because half their goods are exported.
Although President Joe Biden criticized the Trump administration tariffs on Chinese imports during his campaign, and although his treasury secretary repeatedly said they contribute to inflation and some of them are harmful, trade lobbyists for UPS and the U.S. Chamber of Commerce said the tariffs are largely here to stay.
Artificial intelligence export controls should only be imposed multilaterally and should contain no ambiguity in order to minimize harm on U.S. competitiveness, trade groups told the Commerce Department this week. They said the controls also should clearly distinguish between “general purpose” and “application specific” AI software so the restrictions only cover items that pose genuine national security concerns.