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 Decade: 2010-2019
 Collection: Congressional Research Service Reports
U.S. Trade Deficit and the Impact of Changing Oil Prices

U.S. Trade Deficit and the Impact of Changing Oil Prices

Date: June 15, 2011
Creator: Jackson, James K.
Description: This report provides an estimate of the initial impact of the changing oil prices on the nation's merchandise trade deficit.
Contributing Partner: UNT Libraries Government Documents Department
The EU-South Korea Free Trade Agreement and Its Implications for the United States

The EU-South Korea Free Trade Agreement and Its Implications for the United States

Date: June 16, 2011
Creator: Cooper, William H.; Jurenas, Remy; Platzer, Michaela D. & Manyin, Mark E.
Description: This report discusses the free trade agreement (FTA) between South Korea and the European Union (EU). It looks at various aspects of the South Korea-EU FTA (KOREU FTA) including economic ties, trade strategies, and an overview of the key provisions of the agreement focusing on manufactured goods, agriculture, services, and various other provisions of particular interest to U.S. policymakers and the U.S. business community. The report also gives an analysis of the potential economic imact of the KOREU FTA and potential implications of the agreement for the United States.
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Permanent Normal Trade Relations (PNTR) Status for Russia and U.S.-Russian Economic Ties

Permanent Normal Trade Relations (PNTR) Status for Russia and U.S.-Russian Economic Ties

Date: June 16, 2011
Creator: Cooper, William H.
Description: The change in Russia's trade status will require legislation to lift the restrictions currently applied to Russia under Title IV of the Trade Act of 1974, which includes the "freedom-of-emigration" requirements of the Jackson-Vanik amendment. The process for Russia's accession to the World Trade Organization (WTO) is proceeding and may be completed soon. As a result, Members may confront the issue of whether to grant Russia permanent normal trade relations (PNTR) status during the 112th Congress.
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Iran Sanctions

Iran Sanctions

Date: June 22, 2011
Creator: Katzman, Kenneth
Description: This report focuses on the United States' relationship with Iran and how the Obama Administration is handling prior administrations' economic sanctions against Iran. However, with subsequent negotiations yielding no firm Iranian agreement to compromise regarding their nuclear program, the Administration has focused on achieving the imposition of additional U.N., U.S., and allied country sanctions whose cumulative effect would be to compel it to accept a nuclear bargain
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Imports from North Korea: Existing Rules, Implications of the KORUS FTA, and the Kaesong Industrial Complex

Imports from North Korea: Existing Rules, Implications of the KORUS FTA, and the Kaesong Industrial Complex

Date: June 23, 2011
Creator: Manyin, Mark E.; Grimmett, Jeanne J.; Jones, Vivian C.; Nanto, Dick K.; Platzer, Michaela D. & Rennack, Dianne E.
Description: This report discusses the implications from the U.S.-South Korean Free Trade Agreement on aspects of U.S. business, particularly the auto industry.
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Proposed U.S.-Colombia Free Trade Agreement: Background and Issues

Proposed U.S.-Colombia Free Trade Agreement: Background and Issues

Date: June 29, 2011
Creator: Villarreal, M. Angeles
Description: This report discusses the proposed U.S.-Colombia Trade Promotion Agreement, also called the U.S.-Colombia Free Trade Agreement (CFTA),which is a bilateral free trade agreement between the United States and Colombia which, if ratified, would eliminate tariffs and other barriers in goods and services between the two countries.
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Proposed U.S.-Colombia Free Trade Agreement: Background and Issues

Proposed U.S.-Colombia Free Trade Agreement: Background and Issues

Date: July 8, 2011
Creator: Villarreal, M. Angeles
Description: This report discusses the proposed U.S.-Colombia Free Trade Agreement (CFTA) signed November 22, 2006, which has not yet been approved by Congress. It includes an overview of the proposed CFTA and U.S.-Colombia trade, background on Colombia, issues for Congress to consider, Colombia's plan to improve labor rights, and the actions that Colombia has already taken to improve violence, labor, and human rights within the country.
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Chinese Tire Imports: Section 421 Safeguards and the World Trade Organization (WTO)

Chinese Tire Imports: Section 421 Safeguards and the World Trade Organization (WTO)

Date: July 12, 2011
Creator: Grimmett, Jeanne J.
Description: This report covers the Chinese-filed World Trade Organization (WTO) complaint against the U.S. over Section 421 of the Trade Acts of 1941, which has been renewed several times since. Section 421 authorizes the President to impose safeguards—that is, temporary measures such as import surcharges or quotas—on Chinese goods if domestic market disruption is found.
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The Proposed U.S.-Panama Free Trade Agreement

The Proposed U.S.-Panama Free Trade Agreement

Date: July 14, 2011
Creator: Hornbeck, J. F.
Description: This report discusses the free trade agreement (FTA) that the United States and Panama signed on June 28, 2007. While Panama's government ratified the FTA in July 2007, Congress has not yet implemented ratification legislation.
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The U.S. Export Control System and the President's Reform Initiative

The U.S. Export Control System and the President's Reform Initiative

Date: July 14, 2011
Creator: Fergusson, Ian F. & Kerr, Paul K.
Description: This report looks at how the 112th Congress may consider reforms of the U.S. export control system.
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State and Local Economic Sanctions: Constitutional Issues

State and Local Economic Sanctions: Constitutional Issues

Date: July 15, 2011
Creator: Grimmett, Jeanne J.
Description: This report considers the Constitutionality of states and localities enacting their own sanctions on foreign countries, particularly Iran and Sudan.
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Trade Adjustment Assistance (TAA) and Its Role in U.S. Trade Policy

Trade Adjustment Assistance (TAA) and Its Role in U.S. Trade Policy

Date: July 19, 2011
Creator: Hornbeck, J. F. & Rover, Laine Elise
Description: This report looks at the background of Trade Adjustment Assistance (TAA) in the Trade Expansion Act of 1962, which was created by Congress. It then discusses how the 112th Congress is considering legislative action to extend the TAA - including two issues: how necessary or appropriate the extension is, and whether or not three proposed bills should be voted upon separately.
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Iran Sanctions

Iran Sanctions

Date: July 20, 2011
Creator: Katzman, Kenneth
Description: This report focuses on the United States' relationship with Iran and how the Obama Administration is handling prior administrations' economic sanctions against Iran. However, with subsequent negotiations yielding no firm Iranian agreement to compromise regarding their nuclear program, the Administration has focused on achieving the imposition of additional U.N., U.S., and allied country sanctions whose cumulative effect would be to compel it to accept a nuclear bargain.
Contributing Partner: UNT Libraries Government Documents Department
Trade Adjustment Assistance (TAA) and Its Role in U.S. Trade Policy

Trade Adjustment Assistance (TAA) and Its Role in U.S. Trade Policy

Date: July 20, 2011
Creator: Hornbeck, J. F. & Rover, Laine Elise
Description: This report covers the origin and history of the Trade Adjustment Assistance (TAA), created by Congress in the Trade Expansion Act of 1962 to help workers and firms adjust to economic dislocation that may be caused by trade liberalization. The report also covers Congressional disagreements over the effectiveness of TAA, and whether it should be renewed when it expires in February 2012.
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Challenge to the Boeing-Airbus Duopoly in Civil Aircraft: Issues for Competitiveness

Challenge to the Boeing-Airbus Duopoly in Civil Aircraft: Issues for Competitiveness

Date: July 25, 2011
Creator: Harrison, Glennon J.
Description: This report covers a major issue for policymakers: whether the United States can sustain its preeminent position in aerospace, given the intentions of numerous foreign manufacturers to enter the small commercial jet aircraft segment by 2016.
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Taiwan: Major U.S. Arms Sales Since 1990

Taiwan: Major U.S. Arms Sales Since 1990

Date: August 2, 2011
Creator: Kan, Shirley A.
Description: This report, updated as warranted, discusses U.S. security assistance to Taiwan, or Republic of China (ROC), including policy issues for Congress and legislation.
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China's Currency: An Analysis of the Economic Issues

China's Currency: An Analysis of the Economic Issues

Date: August 3, 2011
Creator: Morrison, Wayne M. & Labonte, Marc
Description: This report provides an overview of the economic issues surrounding the current debate over China's currency policy. It identifies the economic costs and benefits of China's currency policy for both China and the United States, and possible implications if China were to allow its currency to significantly appreciate or to float freely. It also examines proposed legislation in the 111th Congress that seek to address China's currency policy.
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The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Provisions and Implications

The Proposed U.S.-South Korea Free Trade Agreement (KORUS FTA): Provisions and Implications

Date: August 9, 2011
Creator: Cooper, William H.; Manyin, Mark E.; Jurenas, Remy & Platzer, Michaela D.
Description: This report is designed to assist Members of Congress as they consider the costs and benefits of the U.S.-South Korean Free Trade Agreement (KORUS FTA.) It examines the provisions of the KORUS FTA in the context of the overall U.S.-South Korean economic relationship, U.S. objectives, and South Korean objectives.
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China-U.S. Trade Issues

China-U.S. Trade Issues

Date: August 10, 2011
Creator: Morrison, Wayne M.
Description: This report discusses the U.S.-China economic relationship and China's rapid expansion as a global economic market, both with respect to the current global economic crisis. It also examines major U.S.-China trade issues and related legislation.
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Trade Adjustment Assistance (TAA) and Its Role in U.S. Trade Policy

Trade Adjustment Assistance (TAA) and Its Role in U.S. Trade Policy

Date: August 11, 2011
Creator: Hornbeck, J. F. & Rover, Laine Elise
Description: This report looks at the background of Trade Adjustment Assistance (TAA) in the Trade Expansion Act of 1962, which was created by Congress. It then discusses how the 112th Congress is considering legislative action to extend the TAA - including two issues: how necessary or appropriate the extension is, and whether or not three proposed bills should be voted upon separately.
Contributing Partner: UNT Libraries Government Documents Department
The EU-South Korea Free Trade Agreement and Its Implications for the United States

The EU-South Korea Free Trade Agreement and Its Implications for the United States

Date: August 16, 2011
Creator: Cooper, William H.; Jurenas, Remy; Platzer, Michaela D. & Manyin, Mark E.
Description: This report is designed to shed some light on the KOREU FTA for Congress.4 It briefly reviews EU-South Korean economic ties and the respective EU and South Korean objectives regarding the KOREU FTA. It then discusses the KOREU FTA in general and examines some of its major provisions in more detail, with special focus on autos and some other manufacturing sectors, agriculture, services, and labor-areas of particular interest to U.S. policymakers and the U.S. business community. The report does not attempt to determine if one FTA is better than the other. Finally, the report analyzes the prospects for the KOREU FTA and the agreement's potential implications for the United States.
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Trade Adjustment Assistance for Firms: Economic, Program, and Policy Issues

Trade Adjustment Assistance for Firms: Economic, Program, and Policy Issues

Date: August 19, 2011
Creator: Hornbeck, J. F.
Description: As global economic competition heightens, many firms and workers face difficult adjustment problems. Congress has responded to these adjustment costs by authorizing four trade adjustment assistance (TAA) programs to assist trade-impacted workers, firms, farmers, and communities. This report discusses the TAA program for firms (TAAF). The TAAF program provides technical assistance to trade-affected firms to help them develop strategies and make other adjustments to remain competitive in the changing international economy.
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China-U.S. Trade Issues

China-U.S. Trade Issues

Date: August 29, 2011
Creator: Morrison, Wayne M.
Description: This report discusses the U.S.-China economic relationship and China's rapid expansion as a global economic market, both with respect to the current global economic crisis. It also examines major U.S.-China trade issues and related legislation.
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U.S. International Trade: Trends and Forecasts

U.S. International Trade: Trends and Forecasts

Date: September 6, 2011
Creator: Nanto, Dick K. & Donnelly, J. Michael
Description: This report discusses the U.S. trade deficit in light of the 2008 global financial crisis, with emphasis on international trade and U.S. trade policy, most recent developments in trade of goods and service, trade forecasts for the future, and how issues such as the U.S. trade deficit and international trade, particularly with China, are commonly perceived.
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