As Congress officially kicks off the House-Senate Conference negotiations on a China competition bill, a bipartisan group of 54 House Members sent a letter to Congressional leaders urging inclusion of the CNL Update Act (HR 6171) provisions in the final bill. Representatives Stephanie Murphy (D-FL) and Jackie Walorski (R-IN), the lead sponsors of t...
Continue readingBased on an analysis of new U.S. Census Bureau data, American companies paid at $113 million in tariffs on product claiming GSP in March due to GSP expiration – the highest level ever despite the fact that March is generally not a big import month. The $300 million in tariffs paid in Q1 2022 due...
Continue readingOn May 3, a broad range of American companies and associations sent a letter to Congressional leaders outlining priorities for GSP renewal as part of conference negotiations on a compromise measure to align the U.S. Innovation and Competition Act and the America COMPETES Act (also know as the Bipartisan Innovation Act). Letter signers ranged from.....
Continue reading