The strong differences in tariff and immigration policies whether Donald Trump or Kamala Harris wins the election made it difficult for a think tank's economic outlook, but Alejandro Werner, a senior fellow at the Peterson Institute for International Economics, said that Mexico will have a slow-down in foreign investment over the next couple of years because of "the uncertainty associated with the continuation of the USMCA regardless of who wins the election."
Mara Lee
Mara Lee, Senior Editor, is a reporter for International Trade Today and its sister publications Export Compliance Daily and Trade Law Daily. She joined the Warren Communications News staff in early 2018, after covering health policy, Midwestern Congressional delegations, and the Connecticut economy, insurance and manufacturing sectors for the Hartford Courant, the nation’s oldest continuously published newspaper (established 1674). Before arriving in Washington D.C. to cover Congress in 2005, she worked in Ohio, where she witnessed fervent presidential campaigning every four years.
The Office of the U.S. Trade Representative opened a portal to be used for submitting exclusion requests for industrial machinery outside the solar sector.
Two analysts from Rhodium Group said it's quite possible the Commerce Department will give "special authorization" to Volvo and Polestar so that those cars, manufactured in the U.S., can still be sold in 2027 and beyond.
Less than a month from the election, Cleveland-Cliffs CEO Lourenco Goncalves invited U.S. Trade Representative Katherine Tai, Rep. Chrissy Houlahan, D-Pa., and Acting Labor Secretary Julie Su to speak at his company's Coatesville, Pennsylvania, mill about how recent policy has supported steelworkers.
The Seafood Import Monitoring Program covers nearly half of seafood imports, but the majority of SIMP filings later audited were not compliant, frequently because the harvest weight was wrong, or there was an incomplete chain of custody.
A new report from C4ADS says that although only 4% of Chinese pharmaceuticals are manufactured in Xinjiang province, FDA registrations of companies in the Uyghur region show that imports that should be banned under the Uyghur Forced Labor Prevention Act are happening.
Felicia Pullam, executive director of trade relations at CBP, defended the administration's proposal to end de minimis eligibility for goods subject to Section 301 tariffs as workable, arguing that charging a $2 fee per de minimis package will allow the agency to hire more staff to screen for contraband, and pushing back on industry arguments that collecting tariffs on low-value packages costs the agency more than that revenue.
Former Mexican Ambassador to the U.S. Martha Bárcena said that she has been told that the U.S. will not comply with the panel ruling that said that rollup was understood to be part of the automotive rule of origin (see 2403070067), and she said that is undermining USMCA. She said that's because both the Republicans and the Democrats are fighting for the political support of the United Autoworkers and Teamsters. (The autoworkers' union characterizes rollup as watering down the requirement for North American content in vehicles).
Global steel excess capacity is reaching "crisis levels," which distorts trade and drives the price of steel down, displacing market-based production, said Assistant U.S. Trade Representative for Small Business, Market Access, and Industrial Competitiveness Sushan Demirjian.
The Government Accountability Office, in a report required by the Dodd-Frank Act to assess the effectiveness of tracing regimes for conflict minerals, found the law hasn't reduced violence in the Congo, and may have increased violence around some small gold mines.