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Legislative Update: Tariffs, Exports, China

Monday, June 11, 2018
Sandler, Travis & Rosenberg Trade Report

Tariffs. Legislation introduced June 6 would require congressional approval before the president adjusts imports determined to threaten or impair national security.

The Protecting American Solar Jobs Act (S. 3022, introduced June 7 by Sens. Heinrich, D-N.M., and Heller, R-Nev.) would repeal President Trump’s decision to impose up to 30 percent tariffs on imported solar cells and panels. Tariffs would default back to previous rates and companies that imported affected solar products could receive retroactive reimbursement. Heinrich said the tariffs “harm hundreds of locally-owned companies, jeopardize tens of thousands of workers, and stifle billions of dollars in investment in communities and manufacturing in New Mexico and across the country.”

 

Exports. The Promoting Rural Exports Act (S. 2995, introduced June 5 by Sen. Klobuchar, D-Minn.) would establish a Rural Export Center at the U.S. Commercial Service to help rural businesses export their products to new international markets. This center would be tasked with providing customized market research services to, and conducting strategic planning and export support services for, rural businesses.

The American Oil for American Families Act (S. 3011, introduced June 6 by Sen. Menendez, D-N.J.) would ban exports of crude oil or refined petroleum products derived from federal lands and waters. Menendez said this bill “aims to improve energy security, lower domestic gas prices, and ensure that federal lands are being used for the good of U.S. residents, rather than to increase oil profits through access to higher-priced foreign markets.”

China. The Fair Trade with China Enforcement Act (H.R. 6001, introduced June 5 by Rep. Conaway, R-Texas) would prohibit the sale of national security-sensitive U.S. intellectual property and technology to China and prohibit the federal government from purchasing or leasing Huawei or ZTE products or services.

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