Canadian leaders with an interest in trading with the U.S. are looking South with trepidation, realizing that President Donald Trump could be back in office in 2026, when all three countries will have to agree to continue the NAFTA successor.
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.
U.S. Trade Representative Katherine Tai, speaking by video link at an Atlantic Council/Atlantik-Brücke program in Berlin Sept. 22, said she remains "very hopeful that we will have something to show the rest of the world in the next six-week period" as EU and U.S. negotiators continue to try to harmonize both trade defenses and approaches to privileging trade in green steel and aluminum.
Morgan Lewis attorneys said that although the number of detentions by CBP under suspicion of Xinjiang content in the automotive and aerospace sector don't suggest there's a high risk of exposure to Uyghur labor in supply chains, importers should recognize that the issue of forced labor enforcement in the sector is not going away.
House Ways and Means Trade Subcommittee Chairman Adrian Smith, R-Neb., underscored the need to lower tariffs through the Generalized System of Preferences benefits program for American businesses during high inflation at a hearing on reforming GSP, and asked his colleagues to "move forward with open minds and the urge to get things done."
House Ways and Means Committee Chairman Rep. Jason Smith, R-Mo., said changing the terms of "de minimis is something that we are going to have a lot of fruitful discussions [on], we are doing that with the Senate. It's a very bipartisan concern."
Last month, a bipartisan proposal in the House of Representatives called for Section 232 tariffs on steel and aluminum to be dropped unless Congress approved them within 75 days of the bill's enactment, and also restricted presidents' ability to hike tariffs under the guise of national security going forward.
A former Senate Finance Committee chairman when Republicans were in the majority, a pro-trade Democrat on the House Ways and Means Committee, and that committee's trade subcommittee leaders all agree -- if a returned President Donald Trump imposed a global 10% tariff by executive order, Congress likely would step in to undo it.
EU and U.S. negotiators will not be reaching a grand bargain on fighting overcapacity in steelmaking and new trade rules to privilege greener steel in six weeks, predicted a source that gets updates about the negotiations. "I don’t think either side has felt progress is really being made," the source said.
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.
Two members of the House of Representatives asked the House Ways and Means Committee to renew the Generalized System of Preferences benefits program, and several others also advocated for trade policies on the day that the committee welcomed other members to advocate for their priorities.