Background

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 Repeal Tariffs to Reduce Inflation Act (H.R. 7985, introduced June 8 by Rep. Murphy, D-Fla.) would require the Treasury Department to report to Congress within 60 days on the inflationary impact of Section 301 tariffs on imports from China, Section 232 tariffs on steel and aluminum, Section 201 tariffs on solar panels and washing machines, and the expiration of the Generalized System of Preferences.

Latin America. The Opportunities in the Americas Act (H.R. 7935, introduced June 3 by Rep. Espaillat, D-N.Y.) would (1) provide low-interest loans to businesses that relocate from China to  a Latin American or Caribbean country that is a party to a free trade agreement with the U.S., (2) expand critical supply chains in the Americas, and (3) implement other policies to reinforce commercial relationships with the region.

Carbon border adjustments. The Clean Competition Act (S. 4355, introduced June 7 by Sen. Whitehouse, D-R.I.) would impose a carbon border adjustment on energy-intensive imports while incentivizing decarbonization of domestic manufacturing. Starting in 2024 the adjustment would apply to industries such as fossil fuels, refined petroleum products, petrochemicals, fertilizer, hydrogen, adipic acid, cement, iron and steel, aluminum, glass, pulp and paper, and ethanol. In 2026 it would be expanded to include imported finished goods containing at least 500 pounds of covered energy-intensive primary goods. In 2028 the threshold for coverage would be lowered to 100 pounds.

Infant formula. The Emergency Infant Formula Act (S. 4350, introduced June 6 by Sen. Gillibrand, D-N.Y.) would provide for the expedited and duty-free importation of infant formula that may be lawfully marketed in the European Union, Canada, Japan, or the United Kingdom.

Ways and Means. Rep. David Kustoff (R-Tenn.) has been appointed to serve on the House Ways and Means Committee, replacing former Rep. Tom Reed (R-N.Y.)

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