In the first half of 2021, imports from China increased by $47 billion, while combined imports under GSP from 80+ countries rose by just $760 million. Imports from China aren’t just growing more, they’re growing at a much faster rate too. Those should be sobering facts for all the Members of Congress and the Administration...
Continue readingIf there is one area of bipartisan consensus in 2021 in Congress and the Administration, it is “getting tough on China.” Letting GSP expire does the opposite. Take it from a company that has paid $140,000 in tariffs in 2021 due to GSP expiration: “I have had to switch suppliers, as I can no longer...
Continue readingThe Senate approved the United States Innovation and Competition Act (USICA) – a $250 billion piece of legislation focusing primarily on research and development funding – by a vote of 68-32. USICA includes the Trade Act of 2021 that was negotiated between Senate Finance Committee Chairman Ron Wyden (D-OR) and Ranking Member Mike Crapo ...
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