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 readingThe Coalition for GSP welcomes introduction of the Trade Preferences and American Manufacturing Competitiveness Act of 2021, which would renew the Generalized System of Preferences (GSP) through January 1, 2027, among other changes. Swift, retroactive renewal of the GSP program is critical. American companies paid at least $225 million in extra tar...
Continue readingNew U.S. Trade Representative Katherine Tai will testify in front of the Senate Finance Committee today and the House Ways and Means Committee tomorrow on the Biden administration’s trade policy agenda. Ambassador Tai has given several recent speeches on new trade policy goals, including a recent interview where she was asked about trade rule...
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