The 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 ...
Continue readingWe’ve heard from multiple companies over the last week about impacts to date from GSP expiration. Responses show not only the costs of delay for American jobs and workers – but how allowing GSP to expire undermines other U.S. trade policies/priorities. Here are some of the comments on: Worker impacts from a small business that...
Continue readingEvidence continues to grow that the nearly year-long trade war is pushing companies to source more from GSP countries such as India, Thailand, Cambodia, Indonesia, and Turkey. The May 10 increase in tariffs on $200 billion in imports from China – and announcement that new tariffs on the remaining $300 billion in imports could come...
Continue reading