The first decision of the World Trade Organization's multiparty interim appeal arbitration arrangement, or MPIA, was judiciously economical, and also gave more deference to countries' antidumping authorities, trade experts said.
Mara Lee
Mara Lee, Senior Editor, is a reporter for International Trade Today and its sister publications Export Compliance Daily and Trade Law Daily. She joined the Warren Communications News staff in early 2018, after covering health policy, Midwestern Congressional delegations, and the Connecticut economy, insurance and manufacturing sectors for the Hartford Courant, the nation’s oldest continuously published newspaper (established 1674). Before arriving in Washington D.C. to cover Congress in 2005, she worked in Ohio, where she witnessed fervent presidential campaigning every four years.
Senate Finance Committee Chairman Sen. Ron Wyden, D-Ore., said he sent letters to major automakers asking about their supply chains' links to the Xinjiang region in China because "there are substantial questions with respect to forced labor ... and we want to get to the bottom of it."
On the last day of the current Congress, retiring Sen. Rob Portman, R-Ohio, introduced a bill that would ask the Commerce Department and the Office of the U.S. Trade Representative to analyze the economic integration between the U.S. and China in priority sectors, and the U.S. government's views of how that integration should change over the next five to 19 years.
Pennsylvania Republican Sen. Pat Toomey, who chose to retire from the Senate, warned that Section 232 tariffs -- and the economic costs they impose on downstream users of steel -- are "about to get much worse," because there was no interest in passing reforms to the statute.
Electric vehicles that are assembled in the U.S., Canada or Mexico will qualify for the full tax credit the first few months of 2023, because the Treasury Department will not be ready to issue guidance on the critical minerals and battery component requirements by its Dec. 31 deadline.
The International Trade Administration will receive a major increase in funding from the last fiscal year, a bump from $559 million to $625 million, the more than 4,000-page annual appropriations bill says. Of that, $16.4 million is dedicated for China antidumping and countervailing duty enforcement and compliance, exactly what the administration asked for (see 2203280048).
The omnibus spending bill, the last legislative vehicle of this Congress, did not include a renewal of the Generalized System of Preferences benefits program or the Miscellaneous Tariff Bill. The tariff relief will have been gone for more than two years, as a result.
As World Trade Organization members continue to struggle to decide how to change the trade-related intellectual property waiver conditions, U.S. Trade Representative Katherine Tai asked the International Trade Commission to produce a study on how the global market for vaccines, diagnostics and treatment has been affected by the current approach on intellectual property. The USTR said stakeholders and members of Congress disagree, "even on basic questions around whether there is adequate global supply of diagnostics and therapeutics. These interested parties also diverge on whether extending these flexibilities to diagnostics and therapeutics would in fact improve access, particularly in non-high-income countries, or undermine innovation."
Two readouts from the administration say that Deputy U.S. Trade Representative Jayme White and Deputy Commerce Secretary Don Graves told a top Canadian official that they are concerned about proposed legislation that would affect digital streaming services, tax digital services and, according to the Office of the U.S. Trade Representative, discriminate against U.S. businesses.
U.S. Trade Representative Katherine Tai, in a Q&A with members of the Council on Foreign Relations, said the U.S. needs the EU to succeed in developing its green transition technologies, just as the EU needs the U.S. to succeed in that arena.