Sen. Chuck Grassley, R-Iowa, said he would join the resolution introduced last month by Sen. Mike Lee, R-Utah, urging the resolution of trade negotiations with the United Kingdom (see 2103250040). “This is a very important trading relationship we've got to get settled right away,” Grassley said on a phone call with reporters April 13. Removing barriers for farmers must be a part of any U.K. free trade agreement, Grassley said. The only trade priority he would rank higher is ensuring China makes its promised purchases under phase one, he said.
In an April report on issues facing U.S. firms operating in China, the Congressional Research Service suggested Congress consider expanding U.S. government reporting on Chinese companies with military ties, imposing more due diligence requirements for U.S. “actors” that represent Chinese firms, and strengthening disclosure requirements relating to Chinese investments. The CRS report also said Congress should decide whether to authorize the Securities and Exchange Commission to “further investigate and verify the accuracy” of information provided to the SEC by Chinese companies and issue “regular alerts” on Chinese investments.
Four pro-trade House Democrats joined Rep. Suzan DelBene, D-Wash., recently in introducing a resolution asking the Biden administration to reopen negotiations in Geneva for an Environmental Goods Agreement at the World Trade Organization. DelBene led, joined by Reps. Jimmy Panetta, D-Calif.; Don Beyer, D-Va.; Terri Sewell, D-Ala.; and Ron Kind, D-Wis.
Although many American liquor exports received a reprieve with the lifting of Boeing tariffs in Europe, bourbon and other American whiskeys continue to face a 25% punitive tariff in the European Union and the United Kingdom because of Section 232 tariffs on those countries' steel and aluminum exports. At the time the tariffs were imposed, Sen. Mitch McConnell, R-Ky., was majority leader, so the product choice was considered to create additional pressure on the administration to reverse the action.
A bill called the Countering Chinese Propaganda Act, introduced by a half-dozen Republicans in the House and by Sen. Tom Cotton, R-Ark., in the Senate, would require the executive branch to impose sanctions on anyone who “knowingly commits a significant act of malign disinformation on behalf of the government of a foreign country or foreign political party that has the direct purpose or effect of influencing political, diplomatic, or educational activities in the United States,” when that disinformation either harms U.S. national security or the safety of any citizen or green card holder. According to the bill, the Treasury Department already sanctioned the head of the United Front Work Department of the Chinese Communist Party, You Quan, for his role in the crackdown in Hong Kong. The United Front Work Department is the primary target of the bill, one of the co-introducers, Rep. Jim Banks, D-Ind., said.
Five Republican senators recently introduced a bill that would loosen restrictions on certain gas exports to countries that don’t have a free trade agreement with the U.S. The Natural Gas Export Expansion Act would “expedite” permits for exports of liquefied natural gas to non-FTA countries by treating those license reviews the same as shipments to FTA countries, the senators said March 25. LNG exports reached “all-time highs” in November and December, the lawmakers said, but the export permit review process for those shipments can sometimes take years, placing “onerous regulations” on the LNG industry.
Sen. Marco Rubio, R-Fla., reintroduced a bill that would prohibit the sale to China of technology and intellectual property that's sensitive for reasons of national security and hike taxes on multinational corporations' income earned in China to account for the lost value of stolen IP and technology. The bill is co-sponsored by Sen. Josh Hawley, R-Mo., and was introduced March 25.
More than 20 House Republicans, led by Rep. Lisa McCain, R-Mich., wrote to the president this week asking him to pursue a free trade deal with Taiwan. They said an FTA would open up opportunities for manufacturers, farmers and energy exporters. “By enacting a trade agreement with Taiwan, the United States would demonstrate to our Indo-Pacific allies that we are invested in their security and prosperity. While China continues to harass our partners through their territorial claims, a United States economic commitment to complement our military presence would pay significant dividends,” the 23 Republicans wrote March 22.
Sen. Mike Lee, R-Utah, joined by five other Republican senators -- Rick Scott of Florida, Jerry Moran of Kansas, Kevin Cramer of North Dakota, James Lankford of Oklahoma, and Mike Braun of Indiana -- introduced a resolution asking the administration to finish negotiations on a free trade deal with the United Kingdom. If the resolution were to pass the Senate, it would not be binding, but would give a sense of the likelihood that a free trade deal could be approved in that chamber.
Wally Adeyemo was confirmed as deputy treasury secretary on a voice vote March 25. Adeyemo, whose nomination hearing was held a month ago, said there would be a comprehensive review of sanctions under the new administration (see 2102230047). Even though there was no recorded opposition to his nomination, Republicans required the cloture process to go forward, which delayed the vote by a week.