A think tank with roots in libertarianism that now supports a carbon tax warned that members of Congress who want to pass a carbon border adjustment tax without a domestic carbon tax face more than just litigation at the World Trade Organization.
A former Office of the U.S. Trade Representative career negotiator and a former Trump administration trade adviser say that even if the U.S. is not going to reenter into a tweaked Trans-Pacific Partnership -- as they advised in an earlier think tank piece -- the U.S. needs to take trade negotiations in Asia more seriously to not get left behind.
The Supply Chain Agreement, one of the pillars of the Indo-Pacific Economic Framework for Prosperity, will ask participating countries to work together to:
Vice President Kamala Harris talked about critical minerals with Indonesia's president and resilient supply chains with him and the president of the Philippines and prime minister of Japan during meetings in Jakarta this week on the sidelines of the biannual meeting of the Association of Southeast Asian Nations, or ASEAN Summit.
A recent Congressional Research Service report on U.S.-Mexican trade relations noted that members of Congress have varying views on USMCA, the trade deal that has integrated North American supply chains, particularly in the auto industry.
Allegations that Diesel Canada, Hugo Boss Canada and Walmart Canada purchase garments that were made in part with Uyghur forced labor -- complaints that rely on Australian Strategic Policy Institute reporting in 2020 and Sheffield Hallam University reports -- will progress to a fact-finding investigation after the Canadian Ombudsperson for Responsible Enterprise (CORE) found that the companies' responses weren't satisfactory.
Researchers at the Center for Strategic and International Studies expect the U.S. will get "a taste of its own medicine” when China appeals its loss over Section 232 retaliatory tariffs at the World Trade Organization, adding that China likely won't have to drop the tariffs since there is no appellate body to take that appeal.
A bill was introduced in the House that could lead to new export controls on genetic mapping technology and sanction entities in China and elsewhere involved in certain genetic mapping efforts. The bill would specifically direct the Commerce Department to deny licenses for those exporting these items to certain countries unless the exporter can submit documentation to the government "to demonstrate by clear and convincing evidence that, if the license is approved, the technology will not be used for human rights abuses or by an entity that has engaged in human rights abuses."
The U.S. Chamber of Commerce's senior vice president for international policy said that when the trade ministers for the G-20 nations meet in India later this week, they should pledge not to hike tariffs, impose new export restraints or add digital trade barriers.
Commerce Secretary Gina Raimondo, responding to a question from Express Association of America Executive Director Mike Mullen, said he was exactly right when he said that while there's a long list of problems with China, the government also has to keep in mind "how important China is to our economy, and maintaining that into the future."