Both outbound and a new approach for the Committee for Foreign Investment in the U.S. drew attention at a recent hearing of the House Select Committee on the Chinese Communist Party, and the chairman of the committee suggested that limiting investment screening to active investors, such as venture capital firms, is not enough.
Former chief agricultural negotiator for the Office of the U.S. Trade Representative Gregg Doud called for the use of the new enforcement mechanism in the USMCA during a House Agriculture Committee hearing May 11.
A bipartisan group of lawmakers this week reintroduced a bill that could establish an outbound investment screening regime to prevent China and others from illegally acquiring sensitive U.S. technology.
The U.S. readout of the meeting between U.S. Trade Representative Katherine Tai and Canada's trade minister, Mary Ng, mentioned Canada's proposed digital services tax. "Ambassador Tai expressed her hope that the United States and Canada could work together on this issue that could unfairly impact U.S. businesses," it said.
U.S. Trade Representative Katherine Tai, speaking from Asia, where she had just finished a round of meetings with Philippine and Japanese officials, said the U.S.-China trade war did not come up in her meetings, as these visits focused much more on the bilateral trade and economic relationship.
U.S. Trade Representative Katherine Tai and her counterpart from the EU, Valdis Dombrovskis, said their discussions on a critical minerals agreement and a deal to privilege green steel and aluminum trade were productive. It was the fourth time this year that Tai and the EU's top trade official met.
U.S. Trade Representative Katherine Tai officially signed the instrument of acceptance of the World Trade Organization fisheries subsidies deal struck at the 12th Ministerial Conference. With the signing, the U.S. became the fourth WTO member, and first large fishing nation, to formally accept the deal. Two-thirds of WTO members must accept the deal for it to take effect.
The Office of the U.S. Trade Representative released its 2023 National Trade Estimate Report on Foreign Trade Barriers, highlighting the most significant foreign market issues U.S. exporters are facing. The report focuses on foreign import policies, technical barriers to trade, intellectual property protection, competition, and more.
U.S. Trade Representative Katherine Tai said her team is on "phase three" of its reform talks at the World Trade Organization, saying that phase brings in all WTO members. Tai, speaking during a March 24 House Ways and Means Committee hearing, said her team in Geneva is "bringing written proposals every meeting" with the goal of making "a more functional negotiating forum." The aim is to move WTO dispute settlement away from litigation and toward negotiation, Tai said. She also decried the WTO's recent rulings against the Section 232 national security tariff action, saying they "are deeply concerning to us and to our national security sovereignty."
In more than four hours of questioning during a hearing March 24 before the House Ways and Means Committee, no member of Congress advocated for lessening tariffs on Chinese goods under Section 301, or for reopening exclusions applications.