Although the EU ambassador emphasized all the ways that the EU and the U.S. coordinate on trade, a panelist discussing the future of the U.S.-EU trade relationship demonstrated the ways the two economic powers talk past each other at times.
The chairman of the House Select Committee on China welcomed a new report from Horizon Advisory that said the bipartisan infrastructure law and the Inflation Reduction Act have spurred investments in advanced battery production and critical minerals recycling, which "carry great promise but they will be for naught if the U.S. does not recognize and counter China's state-backed market dominance and manipulations with additional investments, stronger protective measures, and stringent enforcement mechanisms."
Executives from FloraTrace, an isotopic testing service, and Rezylient, an UFLPA insurance product, told an audience of customs brokers that isotopic testing isn't just for cotton-containing products.
Four Democratic senators are asking the Treasury Department to end de minimis treatment for all e-commerce shipments, arguing that the regulations under development to restrict de minimis would not go far enough to curtail fentanyl smuggling.
Automakers, chipmakers and broad business groups asked the Bureau of Industry and Security to give their industries more time to adjust to new requirements to move supply chains out of China and report on what companies are in their connected vehicle supply chains.
If a reelected President Donald Trump uses the existing Section 301 tariffs program to hike tariffs on all Chinese goods by at least 60%, that's likely to survive a court challenge, said two law professors who spoke during a Washington International Trade Association webinar on the executive branch's ability to make deals and impose trade restrictions without congressional say-so.
Because China makes 90% of anode and cathode materials, and dominates processing of critical minerals, no matter where they are mined, recent hikes in tariffs on Chinese minerals will do little, trade experts agreed.
The Aluminum Association is pleased by the hike in Section 301 tariffs on aluminum products -- even though it applies to more products than it wishes were covered -- and says Mexico's reporting is helping with trade remedies covering Chinese, Russian and Belarussian steel.
Predictions of inflation and lost exports if Republican presidential nominee Donald Trump re-wins the White House and imposes global tariffs are well-trod ground.
Decoupling between the U.S. and China in the most technologically advanced products is real, economists said at an Oct. 21 Peterson Institute for International Economics event, but trade overall between the two countries continues to grow, if more slowly than trade with other partners.