Washington Update

June 29th, 2018
By Meg Kelly

White House chooses CFIUS over executive action on investment restrictions

As reported previously to USCBC members, President Trump announced Wednesday that he had decided against using much-anticipated new measures to restrict Chinese access to US technology and instead to use existing tools. Trump said that changes to US foreign investment rules expected to soon pass Congress in the form of the Foreign Investment Risk Review Modernization Act (FIRRMA), will “modernize our tools for...

June 22nd, 2018
By Meg Kelly

US and China threaten further tariffs; no talks scheduled yet

Following President Donald Trump’s directive this week that the Office of the US Trade Representative identify another $200 billion to $400 billion worth of Chinese goods for tariffs, China’s Ministry of Commerce announced Tuesday that it would respond “quantitatively and qualitatively” to any additional tariffs levied on Chinese exports to the US. USCBC issued a statement on Tuesday urging both governments to begin...

January 12th, 2018
By Meg Kelly

For analysis of potential trade actions in 2018, see Monday’s New Year edition of the Washington Update.

Steel report sent to White House, recommendations not yet public

The Commerce Department’s Section 232 investigation into steel imports is complete and has been sent to the White House, just ahead of its January 15 deadline. The report will not be made public until the President decides whether to take action, which he has ninety days to do. The decision to keep the...