Sen. Mike Lee, R-Utah, plans to introduce a bill that would make all executive branch trade actions, including tariff raises, subject to congressional approval, as part of his call for Congress to reclaim constitutional powers to lead U.S. trade policy, he wrote in an opinion column for Forbes (here). The yet-to-be-introduced Global Trade Accountability Act would help ensure that Congress would be involved in any decision that would increase trade barriers, Lee said. One example of a statute giving the executive branch “far too much power” to raise tariffs is Trade Act of 1974 Section 122, which allows the president to impose temporary import “surcharges” of up to 15 percent on any goods to deal with “large and serious” U.S. balance-of-payment deficits, Lee said.
The Office of the U.S. Trade Representative is issuing a list of 85 headings and subheadings that could be subject to retaliatory tariffs being considered against the EU, as industry representatives have claimed that the EU is discriminating against U.S. beef exports, USTR said (here). The Obama administration is considering the tariffs (see 1612220023) after members of the U.S. beef industry filed a petition to USTR for their reinstatement, the agency said.
The U.S. is considering reinstatement of tariffs on certain imports from the EU, in connection with alleged EU discrimination against U.S. beef exports, the Office of the U.S. Trade Representative said in a statement (here). An agreement signed by the EU and U.S. in 2009 to allow EU imports of non-hormone-treated U.S. beef “has not worked as intended,” USTR said in its statement (see 09050705). The agreement was renewed in 2013, and expired Aug. 2, 2015 (see 13102316). Before any trade action, USTR will examine the anticipated effectiveness of imposing tariffs and other possible actions, including against non-beef EU products, as well as the effects on the U.S. economy and consumers, USTR said (here).
President-elect Donald Trump's hard-line trade stance expressed throughout his campaign is seen by some as more of a negotiating tactic than a clear indicator of likely policy changes. While scholars still wonder how Trump would react if such talks don’t meet his goals, there's much debate as to what authority the president has to enact many of the Trump campaign promises. Among other things, Trump has said the U.S. should renegotiate NAFTA (see 1611100040), collect up to 45 percent tariffs to counter alleged Chinese currency manipulation (see 1601150029), and raise tariffs on companies that move operations overseas, withdrawing from the World Trade Organization if it disapproves of that policy (see 1607260043). Withdrawing from the WTO seems the least likely of those proposals, but a greater effort to engage China from a Trump administration is especially likely, observers said.
The U.S. International Trade Commission released its annual report on the previous year's trade-related activities, it said in a press release (here). The report (here) includes an overview of antidumping and countervailing duty, safeguard, intellectual property rights, and section 301 cases undertaken by the U.S. government in 2014. In addition, the report covers:
The U.S. International Trade Commission released its annual report on the previous year's trade-related activities, it said in a press release (here). "The Year in Trade 2013” includes an overview of antidumping and countervailing duty, safeguard, intellectual property rights, and section 301 cases undertaken by the U.S. government in 2013. In addition, the report covers:
U.S. Trade Representative (USTR) determined Ukraine is a significant violator of intellectual property rights (IPR) protections in a Section 301 review, but will disregard the infringement at this time in light of the ongoing political transition in the country, said USTR. Under Section 301, USTR can retaliate against countries it classifies as IPR violators. In May 2013, USTR determined the Ukrainian government used infringing software and the country hosted infringement of copyright and related rights.
The Senate unanimously confirmed Gil Kerlikowske as CBP commissioner by voice vote on March 6, in a move that ensures a Senate-confirmed commissioner will lead CBP for the first time in nearly five years. Department of Homeland Security Secretary Jeh Johnson, along with some industry leaders, praised the confirmation.
The U.S. Trade Representative extended the Section 301 investigation of Ukraine for three months, pledging to make a determination by Feb. 28, 2014, on Ukrainian intellectual property rights (IPR) violations. Section 301 of the Trade Act of 1974 permits the U.S. to retaliate against unfair trade practices (here). USTR launched the investigation in May, labeling Ukraine a priority foreign country. “This designation is the culmination of several years of growing concern over widespread IP theft, including the growing entrenchment of IPR infringement that is facilitated by government actors,” the USTR report said at the time (here). Further information: Elizabeth Kendall, 202-395-3580, Isabella Detwiler, 202-395-6146, or Shannon Nestor, 202-395-3150.
The U.S. International Trade Commission released “The Year in Trade 2012,” its annual overview of the previous year's trade-related activities. The Year in Trade 2012 includes complete listings of antidumping, countervailing duty, safeguard, intellectual property rights infringement, and section 301 cases undertaken by the U.S. government in 2012. In addition, the report covers: