Farm State Senators Wanted Open Markets. They Got Six Under Biden.
Contrary to what many on the Senate Finance Committee believe, American farmers did gain market access in the last three years under Biden.
Market Says Dollar Too Strong; Overvalued Currency a Problem For Washington’s Reshoring Plans
The market is in agreement: the dollar is overvalued and will likely remain that way all year.
Mexico and China Trade Problems Mounting, Senator Sherrod Brown, Others on Finance Committee Say
Despite USMCA being the “gold standard” trade agreement, Mexican trade problems are increasing with the U.S. The Senate Finance Committee on Wednesday brought up the
Katherine Tai Chastised By Farm State Senators Over Market Access, Free Trade Deals
USTR Katherine Tai was repeatedly taken to task by farm state senators in Wednesday’s Senate Finance Committee hearing for what they see as lackluster attempts at opening markets for U.S. agriculture exports.
Republicans Block Democrats’ Policy of Denying De Minimis Treatment for Chinese Merchandise
In 2022, during the last Congress, House Democrats passed the Import Security and Fairness Act, which would deny de minimis treatment for all Chinese merchandise.
GSP Trade Agreement Bill Passes House Ways & Means Along Party Lines
After three years of languishing in limbo, the Generalized System of Preferences (GSP), a quasi-free trade deal with more than 100 developing nations, will move out of the House Ways and Means Committee to the full House.
Katherine Tai Gets an Earful from Ways & Means on Mexico, De Minimis, GSP Renewal, Agriculture Deficits, and Generic Drug Imports.
USTR Katherine Tai sat for a two hours-plus hearing with the House Ways and Means Committee on Tuesday to discuss trade matters and was met early on by some staunch criticism.
Congress Considering Five New Bills Targeting China Stocks & Bonds
These 5 bills have the potential of dealing a debilitating blow to Wall Street’s underwriting of CCP-controlled companies.
Has Janet Yellen Seen the Light on China?
Treasury Secretary Janet Yellen just spent the weekend in China, her second trip there in less than a year.
Goods Deficit Flat at $91.4 Billion in February, As Mexico Takes Over China’s Position as Top Source of Imports
While the month-over-month goods deficit with China fell by around $3.7 billion, the deficit with Mexico rose by $2 billion over the same period.
