At a time when China continues its attempts to decimate American manufacturers and workers through predatory trade activity, Chairman Jason Smith’s leadership on trade issues has been a welcome improvement over previous chairs that have rubber stamped failed free trade programs.
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.
Biden called on USTR Tai to consider tripling the existing 301 tariff rate on Chinese steel and aluminum, and to investigate China’s unfair trade practices in shipbuilding, maritime and logistics sectors.
Steel imports from Mexico have surged far above historic levels, violating Mexico’s trade agreement with the U.S. and threatening local U.S. economies.
Senators Brown, Vance, and Casey are right to sound the alarm on why Nippon’s acquisition of U.S. Steel poses a serious threat to American national and economic security.
Despite spending over $600 billion on prescription drugs, the number of drugs in shortage rose to a near-record total of 301 active medication shortages at the end of 2023.