Sen. Marco Rubio, R-Fla., introduced a bill that would impose 150% tariffs on electromagnets, permanent magnets, batteries, solar panels, and solar wafers made by entities controlled by China, even if those products were manufactured in other countries. The Critical Mineral Supply Chain Realignment Act of 2024 also would keep hiking tariffs on those goods made in China, to 300% in the second year, 450% in the third year, and 800% after that.
The top Republican on the Senate Finance Committee said that while Democrats' insistence that Trade Adjustment Assistance be paired with a renewal of the Generalized System of Preferences benefits program has stalled it so far, he's not convinced that the impasse means GSP has no chance in 2024.
A bipartisan bill recently was introduced in the House that would give the FDA the authority to destroy imported seafood that doesn't pass inspection. Rep. Clay Higgins, R-La., and Rep. Troy Carter, D-La., said food should be treated the same as adulterated medicine or counterfeit medical devices.
Republicans on the House Ways and Means Committee are asking the Biden administration to open a Section 301 investigation on the discriminatory effects of Canada's recently enacted digital services tax. The administration earlier conducted investigations on other countries planning DSTs, but did not impose tariffs, as talks on a global taxation solution proceed.
Two Califorinia Democrats introduced a bill to impose a $150 per ton fee on greenhouse gas emissions on cargo ships arriving in U.S. ports, plus $6.30 per pound for nitrogen oxides, $18 per pound for sulfur dioxide and $38.90 per pound for particle pollution emitted in U.S. waters. They estimated the fee would bring in $250 billion over 10 years.
The House Ways and Means Committee passed a resolution to undo Treasury Department guidelines on foreign entity of concern involvement in electric vehicle supply chains. The committee passed the bill July 9 on a 25-14 vote.
Sen. Jon Ossoff, D-Ga., and Sen. Sherrod Brown, D-Ohio, are asking CBP to explain how it will enforce a condition for importers of solar panels from Southeast Asia, which is that panels that entered during a two-year pause on antidumping deposits be installed within 180 days of entry.
A bipartisan bill that would direct the Department of Energy to identify the emissions intensity of about 20 sectors, including steel, aluminum, cement, plastics, oil, natural gas and hydrogen, was introduced in the House of Representatives July 9.
A bipartisan letter from the Congressional Steel Caucus urged the Commerce Department to maintain Vietnam's non-market status as part of a review that is supposed to finish next month.
Rep. Dan Kildee, D-Mich., introduced a bill to suspend the 15% tariff on titanium sponge imports from trusted trade partners.