For more information on pursuing trade policy interests through the legislative process, please contact Nicole Bivens Collinson at (202) 730-4956 or via email.
Tariffs. The For Accurate Import Relief To Aid Retailers and Importers of Foreign Freights Act (S. 5161, introduced Dec. 1 by Sens. Menendez, D-N.J., and Cassidy, R-La.) would (1) direct the Office of the U.S. Trade Representative to give U.S. companies at least 60 days’ notice before retaliatory tariffs are imposed on goods imported from market economy countries, and (2) refund some Section 301 tariffs paid on European goods in 2019 and 2021 because they were implemented within two weeks of being announced. “Referees shouldn’t change the rules in the middle of a game and tariffs shouldn’t change in the middle of a shipment,” Cassidy said. “Employers need certainty. This bill gives certainty.”
Exports. The LNG for Allies Act (H.R. 9355, introduced Nov. 22 by Rep. Pfluger, R-Texas) would (1) authorize expedited approval of applications to export natural gas to strategic partners and allied countries (specifically Australia, South Korea, Israel, Japan, New Zealand, Cypress, Finland, Moldova, Sweden, Taiwan, and Ukraine) and (2) specify that applications for expedited LNG exports to nations that are state sponsors of terrorism (currently North Korea, Syria, Iran, and Cuba) will be denied.
Africa. S. 5154 (introduced Nov. 30 by Sen. Van Hollen, D-Md.) and H.R. 9364 (introduced Nov. 30 by Rep. Bass, D-Calif.) would promote the African Continental Free Trade Area. Neither lawmaker has yet released further information about this bill and the text is not yet available.
Copyright © 2024 Sandler, Travis & Rosenberg, P.A.; WorldTrade Interactive, Inc. All rights reserved.