In this update:
Biden administration drafts executive order on protecting American data China bill meeting affirms divisions, negotiations still in early stages US and EU officials to convene in Paris for the second Trade and Technology Council meetingBiden administration drafts executive order on protecting American data
On Wednesday, Reuters reported on a draft executive order (EO) prepared by the White House designed to protect American data online. According to the...
USTR initiated a review of Section 301 tariffs to prevent them from expiring in July. The two-part process is expected to run from now until after the election, when USTR will make a decision on continuing, revising, or lifting certain tariffs. Read more
While there is strong support in the Senate to include a robust tariff exclusions process in BIA, it is still unclear if it will make it into the final bill. USCBC understands that some House Democrats believe it...
The United States hinted it could be lifting some Section 301 tariffs but might be weighing new ones, too. Multiple officials hinted this week that the administration could reduce or remove some Section 301 tariffs. However, following those statements, USCBC has learned that meaningful tariff relief is unlikely in the near term. Additionally, it seems the administration plans to soon launch a new Section 301 investigation. Read more
Treasury’s pilot program bill to...
Experts and industry continue to share concerns about the Uyghur Forced Labor Prevention Act ahead of the June implementation date. Companies remain concerned by the lack of guidance for proving that their supply chains are free of forced labor. Read more
The Biden administration continues to court Indo-Pacific countries to build its regional economic framework. A meeting between President Joe Biden and India’s Prime Minister Narendra Modi is the latest in a series of...
Courts direct USTR to justify Trump-era tariff expansions. While the tariffs in question were not overturned, greater scrutiny of USTR’s next steps could impact its upcoming re-assessment of Section 301 tariffs that will otherwise expire. Read more
Yesterday, reporters leaked the list of conferees for the China legislative package. While some of the 105 conferees are active on China issues, many are not. Read more
The Biden administration wants to launch Indo-...
US Trade Representative Katherine Tai’s testimony reaffirmed the administration’s support for an outbound investment review mechanism. It is uncertain if such a mechanism will be passed as part of a comprehensive China bill, future legislation, or through executive action. Read more
The House and Senate set the stage for a China bill conference to take place in early April. While lawmakers were previously hoping to pass the bill by Memorial Day, they may now be...
On Wednesday, USTR reinstated some of the Section 301 tariff exclusions that had expired. While this is a welcome move, many stakeholders, including USCBC, believe it does not go far enough to ease the burden on US companies, farmers, and consumers. Read more
This week, lawmakers continued to signal that a China bill conference will begin within the next few weeks. Some, including the administration, hope and expect that a version of the bill will pass this summer,...
Senator Bob Casey is working with Treasury to revise legislation for an outbound investment review mechanism following concerns raised by industry and other lawmakers. USCBC understands that the revisions aim to make the provisions more targeted and aligned with White House goals. Read more
Senate Finance Committee wants Biden’s Indo-Pacific Economic Framework to go further. Several members at Tuesday’s hearing called for a concrete and enforceable...
The way forward for a comprehensive China legislative package is still uncertain. While the Biden administration continues to push for quick passage in order to secure the bill’s semiconductor funding, the war in Ukraine—and perhaps to a greater extent, partisan divides—may delay a formal conference by at least a month. Read more
Commerce is warning Chinese companies not to defy economic restrictions on Russia. Commerce Secretary Gina Raimondo said this week that the...
