Washington Update

February 10th, 2015
Stephanie Henry

Critics of China’s currency policies introduced legislation today in the House and Senate that would allow the imposition of tariffs on imports from countries considered to be currency manipulators. The House bill mirrors currency legislation that passed the House in 2010. The latest Senate bill takes a narrower approach, but still raises similar issues that the Senate’s 2011 currency bill created in regards to the United States’ World Trade Organization (WTO) compliance. The US-China...

January 22nd, 2015
Stephanie Henry

Trade Views of New Additions to Key Committees in the 114th Congress

Key House and Senate committees involved in implementing the US trade agenda are taking shape in the 114th Congress, and will play an important role in the work ahead. New members of Congress in the House gained posts on key committees having jurisdiction over trade and foreign affairs issues, while several new and returning Senators will take new posts on the Senate Foreign Relations and Finance Committees. USCBC...

October 16th, 2014
Stephanie Henry

October 16, 2014 - The US Treasury Department on Wednesday said China’s currency remains “significantly undervalued,” but did not label it a currency manipulator in its Semi-Annual Report to Congress on International Economic and Exchange Rate Policies. Instead, Treasury observed “some renewed willingness” by Chinese regulators to allow RMB appreciation and reduce intervention, following China’s commitment to do so at the July 2014 Strategic & Economic Dialogue. Treasury has not labelled...

October 1st, 2014
Stephanie Henry

Erin Ennis, vice president of the US-China Business Council (USCBC), testified today before the interagency Trade Policy Staff Committee on a wide range of issues, including competition enforcement, regulatory transparency, intellectual property rights (IPR), and China’s broader compliance with its World Trade Organization (WTO) commitments.

In her testimony, Ennis said China remains a valuable market for US companies, but one that could be more valuable if market barriers and...

September 19th, 2014
Stephanie Henry

Key Trade Nominees Approved by Senate

The Senate approved Robert Holleyman as Deputy US Trade Representative and Nathan Sheets as Under Secretary for International Affairs at the US Treasury Department yesterday. The approvals fill the remaining deputy-level positions overseeing US commercial relations with China in the Obama administration’s second term.

Holleyman replaces Demetrios Marantis, who left the post in May 2013. Holleyman is expected to cover a portfolio...

August 18th, 2014
Stephanie Henry

Nominees for key Treasury and trade posts advanced on July 31, bringing the nominees one step closer to confirmation. The Senate Finance Committee reported to the full Senate Nathan Sheets’ nomination as under secretary for international affairs at the US Treasury Department – a post formerly held by Lael Brainard – and Robert Holleyman’s nomination as Deputy US Trade Representative, who would replace Demetrios Marantis. The Senate will need to confirm both nominations, but with Congress in...

July 18th, 2014
Stephanie Henry

House committee talks China in hearing on WTO
 
China needs to make an “appropriate contribution” to negotiations on the Information Technology Agreement (ITA), according to Deputy US Trade Representative Ambassador Michael Punke at a hearing of the US House Ways & Means Trade Subcommittee on Wednesday. Punke told the subcommittee he’s hopeful that discussions will move forward before the Asia-Pacific Economic Cooperation (APEC) Senior Officials’ meeting in November, and said...

June 24th, 2014
Stephanie Henry

Assistant Secretary of State tells Senate US priorities for upcoming dialogue
 
A “new model” of US-China relations should not be"defined by strategic rivalry, but by fair and healthy competition…practical cooperation on priority issues, and by constructive management of our differences and disagreements,” Assistant Secretary for East Asian and Pacific Affairs Danny Russel said yesterday at a hearing before the Senate Foreign Relations Committee.  The hearing focused on regional...

May 28th, 2014
Stephanie Henry

The Obama Administration on Thursday announced it would nominate Bruce Andrews as Deputy Secretary of Commerce, filling a position previously held by Rebecca Blank.

Andrews has been Chief of Staff for the Department of Commerce since 2011. Prior to that, Andrews was General Counsel for the Senate Committee on Commerce, Science, and Transportation. Andrews has also held positions with Ford, Quinn Gillespie & Associates, and with former Congressman Tim Holden (D, PA-17).

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May 28th, 2014
Stephanie Henry

The United States announced on Friday it had won a World Trade Organization (WTO) dispute against China over its imposition of duties on US auto exports. In bringing the case, the United States charged that China relied on limited and poorly-examined evidence, and did not adequately show that Chinese industry was harmed by US imports.

The case centered on China’s application of duties on US autos with engine capacities at or over 2.5 liters. China alleged that manufacturers of those...

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