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Threats to National Security Foiled? A Wrap Up of New Tariffs on Steel and Aluminium.
This report discusses the new tariffs on steel and aluminium imports which go into effect on March 23, 2018. Possible effects of the tariff on the American market and reactions to the tariffs by other countries are also discussed.
Tricks of the Trade: Section 301 Investigation of Chinese Intellectual Property Practices Concludes (Part 2)
This report is the part two of two of a report on the Office of the U.S. Trade Representative's (USTR) recently concluded its investigation under Section 301 of the Trade Act of 1974 (the "Section 301 Investigation") "to determine whether acts, policies, and practices of the Government of China related to technology transfer, intellectual property, and innovation are unreasonable or discriminatory and burden or restrict U.S. commerce." This part of the report applies the general legal framework to this specific Section 301 Investigation, providing background on the investigation, describing the USTR's findings and the President's directives, and concluding by addressing what legal issues lie ahead.
NAFTA Renegotiation and Modernization
This report discusses the NAFTA renegotiation process and major topics of interest in the agreement as well as Congress's role in the negotiation and approval process.
Nuclear Cooperation with Other Countries: A Primer
This report discusses the United States's nuclear cooperation with other countries and requirements for export agreements for civilian nuclear parts with other countries.
Softwood Lumber Imports from Canada: Current Issues
This report discusses current issues and developments in "Lumber V", a dispute between Canada and the U.S. over the pricing and quantity of softwood lumber imports from Canada to the U.S., which has been a source of friction between the two countries for decades.
China-U.S. Trade Issues
This report provides background and analysis of U.S.-China commercial ties, including history, trends, issues, and outlook.
China--U.S. Trade Issues
This report provides background and analysis of U.S.-China commercial ties, including history, trends, issues, and outlook.
U.S.-Mexico Economic Relations: Trends, Issues, and Implications
This report discusses economic relations between the U.S. and Mexico and recent issues and trends in the relationship including the renegotiation of NAFTA.
Section 232 Steel and Aluminium Tariffs: Potential Economic Implications
This report discusses the new tariffs imposed by President Trump on steel and aluminium imports and their potential economic impacts.
International Trade and Finance: Overview and Issues for the 115th Congress
This report discusses major topics of interest and debate in the 115th Congress related to trade and finance.
U.S. Trade in Services: Trends and Policy Issues
This report provides background information and analysis on U.S. international trade in services, including the types and volumes of traded services. It analyzes policy issues before the United States, especially relating to negotiating international disciplines on trade in services and the complexities in measuring trade in services. The report also examines emerging issues and current and potential trade agreements, including renegotiation of the North American Free Trade Agreement (NAFTA), the Trade in Services Agreement (TiSA), and the Transatlantic Trade and Investment Partnership (T-TIP).
U.S. Trade with Free Trade Agreement (FTA) Partners
This report presents data on U.S. merchandise (goods) trade with its Free Trade Agreement (FTA) partner countries. The data are presented to show bilateral trade balances for individual FTA partners and groups of countries representing such major agreements as the North America Free Trade Agreement (NAFTA) and the Central American Free Trade Agreement and Dominican Republic (CAFTA-DR) relative to total U.S. trade balances. This report also discusses the issues involved in using bilateral merchandise trade balances as a standard for measuring the economic effects of a particular FTA.
U.S. Trade Deficit and the Impact of Changing Oil Prices
This report provides an estimate of the initial impact of changing oil prices on the United States's merchandise trade balance.
Section 232 of the Trade Expansion Act of 1962
This report outlines the contents of Section 232 of the Trade Expansion Act of 1962 which is the bill that mandates that the Department of Commerce conduct studies of industries to determine whether foreign competition is harming national security and allows the President to impose tariffs or other restrictions on imports found to be threats to national security.
China-U.S. Trade Issues
This report provides background and analysis of U.S.-China commercial ties, including history, trends, issues, and outlook. It will be updated as events warrant.
Shining a Light on the Solar Trade: Investigation Leads to Tariffs on Solar-Related Imports (Part 2)
This report is part two of a report discussing the implementation of a tariff-rate quota on solar-energy related imports for four years beginning February 7, 2018. The announcement was triggered by the results of a U.S. International Trade Commission (ITC) investigation into potential harm to U.S. industries from the importation of solar-panel related parts. This section of the report discusses the background of the investigation and various options the ITC suggested as a remedy to their findings of injury to U.S. industry as well as Congressional considerations.
The Economic Effects of Trade: Overview and Policy Challenges
This report focuses on a number of major issues concerning the role of trade and trade agreements in the economy and issues that are particular to Free Trade Agreements (FTA), including the role of trade in the economy and the macroeconomic forces that drive the trade deficit; the impact of trade on employment and the adjustment costs experienced by firms and workers; estimates of the number of jobs in the economy that are supported by trade and economic models used to estimate the impact of FTAs on employment; the impact of FTAs on foreign investment and employment; and the relationship between trade and the distribution of income.
OPEC and Non-OPEC Crude Oil Production Agreement: Compliance Status
This report discusses OPEC countries and 11 non-OPEC countries agreement starting in late 2016 to reduce oil production and the purposes and impact of the agreement.
Trade Remedies: Section 201 of the Trade Act of 1974
This report discusses new trade safeguards for the importation of certain crystalline silicon photovoltaic cells (solar cells) and a three-year safeguard on large residential washing machines.
What's the Difference?: Comparing U.S. and Chinese Trade Data
This report examines the differences in the trade data from the two nations in two ways. First, it compares the trade figures using the Harmonized Commodity Description and Coding System (Harmonized System) to discern any patterns in the discrepancies between the U.S. and Chinese data. The second approach to examining the differing trade data involves a review of the existing literature on the technical and non-technical sources of the trade data discrepancies. This report is updated annually, after the release of official trade data by China and the United States.
U.S. Trade Policy Primer: Frequently Asked Questions
This report addresses frequently asked questions regarding U.S. trade policy and is intended to assist Members and staff who may be new to trade issues. The report provides context for basic trade concepts and data on key U.S. trade and investment trends. It also addresses how U.S. trade policy is formulated and describes the trade and investment policy tools used to advance U.S. objectives. The report is divided into five sections: The basics of trade, U.S trade trends, formulation of U.S. trade policy, U.S. trade policy tools, and the link between international investment and trade.
Pedal to the Metal: Commerce Recommends Revving Up Trade Measures on Steel and Aluminium
This report discusses new proposed tariffs on steel and aluminium imports and the Commerce Department report behind the new tariff proposals.
TPP Countries Sign New CPTPP Agreement without U.S. Participation
This report discusses the completion of the Trans-Pacific Partnership (TPP) free trade agreement between 11 countries after the U.S. withdrew from negotiations and its potential effects on U.S. trade in the region.
Trade Promotion Authority (TPA): Frequently Asked Questions
This report discusses the Trade Promotion Authority program which allows the President to request an expedited procedure for an international trade deal that meets certain requirements. The report answers a variety of frequently asked questions regarding TPA's functions and purpose and Congressional power over it.
TPP Countries Conclude Agreement Without U.S. Participation
This report discusses the Trans-Pacific Partnership (TPP) trade agreement and the successful conclusion of negotiations between the party countries after the U.S. withdrawal from negotiations.
The President Acts to Impose Tariffs on Steel and Aluminium Imports
This report discusses President Trump's announcement of new tariffs on steel and aluminium imports in response to a Department of Commerce report which stated that imported steel and aluminium was harming national security.
Tricks of the Trade: Section 301 Investigation of Chinese Intellectual Property Practices Concludes (Part 1)
This report discusses the Office of the U.S. Trade Representative's (USTR) recent investigation under Section 301 of the Trade Act of 1974 to determine whether acts, policies, and practices of the Government of China related to technology transfer, intellectual property, and innovation were unreasonable or discriminatory and burdening or restricting U.S. commerce and President Trumps's memorandum in response.
Bank Systemic Risk Regulation: The $50 Billion Threshold in the Dodd-Frank Act
This report focuses on one pillar of the Dodd-Frank Act's (P.L. 111-203) response to addressing financial stability and ending too big to fail: a new enhanced prudential regulatory regime that applies to all banks with more than $50 billion in assets and to certain other financial institutions. Under this regime, the Federal Reserve is required to apply a number of safety and soundness requirements to large banks that are more stringent than those applied to smaller banks. These requirements are intended to mitigate systemic risk posed by large banks. This report also examines the question of which banks are systemically important.
Efforts to Address Seasonal Agricultural Import Competition in the NAFTA Renegotiation
This report discusses a proposal by the U.S. in the North American Free Trade Agreement (NAFTA) renegotiations that would allow U.S. agricultural producers of certain fruits and vegetables to more easily file an injury claim regarding imports from Mexico. It includes details regarding the proposal, Mexican produce imports statistics, and arguments for and against the proposal.
Generalized System of Preferences (GSP): Overview and Issues for Congress
This report discusses the General System of Preferences (GSP) which provides nonreciprocal, duty-free tariff treatment to certain products imported from designated beneficiary developing countries (BDCs).
The U.S. Export Control System and the Export Control Reform Initiative
This report discusses the U.S. export control system and the initiative started by President Obama to study and make recommendations for reform of the export control system by streamlining processes and consolidating control of the program in one agency.
Softwood Lumber Imports from Canada: Current Issues
This report discusses the latest softwood lumber dispute between the U.S. and Canada, known as Lumber V. This report provides background information on the dispute, summarizes the key issues leading to the tensions between the United States and Canada over softwood lumber, and examines current developments in Lumber V.
Maritime Territorial and Exclusive Economic Zone (EEZ) Disputes Involving China: Issues for Congress
This report provides background information and issues for Congress on maritime territorial and exclusive economic zone (EEZ) disputes in the East China (ECS) and South China Sea (SCS) involving China, with a focus on how these disputes may affect U.S. strategic and policy interests.
Digital Trade and U.S. Trade Policy
This report discusses the United States's part in global digital trade and various policies and agreements with other countries regarding trade.
The 2006 U.S.-Canada Softwood Lumber Trade Agreement (SLA): In Brief
This report provides information and analysis on the 2006 Softwood Lumber Agreement (SLA) to provide background for current negotiations over softwood lumber.
Softwood Lumber Imports From Canada: Current Issues
This report discusses the softwood lumber (conifer wood) disputes between the U.S. and Canada. There have been five major disputes since the 1980s with the fifth dispute (Lumber V) having started in 2016 after the expiration of a 2006 softwood lumber agreement. The report provides background information on the dispute, summarizes the key issues leading to the tensions between the United States and Canada over softwood lumber, and examines current developments in Lumber V.
Update: A Steely Look at Steel: Commerce Directed to Prioritize Investigation of the Effects of Steel Imports on National Security
This report discusses President Trump's April 2017 memorandums ordering the Commerce Department to prioritize investigation of the effects of steel and aluminium imports on U.S. national security. The report outlines the process such an investigation would take and possible outcomes if the Commerce Department determines that imports are threatening national security.
State Exports to NAFTA Countries for 2016
This report provides statistics on state-level U.S. exports to Canada and Mexico, parties to the North American Free Trade Agreement (NAFTA), using data from the U.S. Census Bureau tailored for each state.
Trade Promotion Authority (TPA): Frequently Asked Questions
This report answers frequently asked questions regarding the Trade Promotion Authority (TPA) program which requires international trade agreements that reduce tariff or non-tariff barriers to trade in ways that require changes in U.S. law, to be implemented only through the enactment of legislation. If the trade agreement and the process of negotiating it meet certain requirements, TPA allows Congress to consider the required implementing bill under expedited procedures, pursuant to which the bill may come to the floor without action by the leadership, and can receive a guaranteed up-or-down vote with no amendments.
TPP Countries Near Agreement without U.S. Participation
This report discuses the negotiations between the signatory countries of the Trans-Pacific Partnership (TPP) after the U.S. withdrawal in January 2017 and possible effects of the implementation of an agreement without the U.S. on the U.S. economy and their image in Asia.
Potential Effects of a U.S. NAFTA Withdrawal: Agricultural Markets
This report examines some of the potential consequences to U.S. agricultural markets of a U.S. withdrawal from NAFTA, focusing on the possibility that higher tariffs could be imposed on U.S. imports and exports. In particular, under a NAFTA withdrawal, it is likely that most-favored nation (MFN) tariffs would be imposed on agricultural products traded among the NAFTA countries instead of the current zero tariff (i.e., duty-free trade) for most agricultural products. In general, MFN tariffs on U.S. agricultural imports would likely raise prices both to U.S. consumers and other end users, such as manufacturers of value-added food products.
U.S. Beef: It's What's for China
This report discusses the opening of the Chinese market to U.S. beef imports under certain restrictions. The negotiation process and conditions of the agreement and China's current largest beef import partners are also discussed.
When is Running Guns from the Philippines to Mexico a Federal Crime?
This report discusses the case "United States v. Ubaldo" which concerns whether a gun smuggler who smuggled guns from a foreign country through the United States and then into another foreign country can be charged with a federal crime. The Ninth Circuit Court of Appeals upheld the conviction for conspiracy and causing the importation of weapons in violation of the Arms Export Control Act and ban on importing military firearms.
Generalized System of Preferences: Overview and Issues for Congress
This report discusses the U.S. Generalized System of Preferences (GSP) program which provides non-reciprocal, duty-free tariff treatment to certain products imported from designated beneficiary developing countries (BDCs). This report examines, first, recent legislative developments, along with a brief history, economic rationale, and legal background leading to the establishment of the GSP. Second, the report describes U.S. GSP implementation. Third, the report briefly analyzes of the U.S. program's effectiveness and stakeholders' views, and discusses possible options for Congress in renewing the program for fiscal year 2018.
Renegotiating NAFTA and U.S. Textile Manufacturing
This report discuses the renegotiation of the North American Free Trade Agreement (NAFTA) and its effects on the textile and apparel industry. Various provisions of NAFTA regarding textiles and apparel are discussed along with a general discussion of the U.S textile industry.
Softwood Lumber Imports from Canada: Current Issues
This report discusses ongoing disputes regarding softwood lumber imports from Canada into the U.S. and recent legislation and negotiations regarding Canadian softwood lumber disputes.
Doing Business with Iran: EU-Iran Trade and Investment Relations
This report discusses the European Union's (EU's) resumption of business with Iran after the signing of the 2015 nuclear disarmament agreement which led to the lifting of nuclear related sanctions. It outlines rates of business and major investments in Iran by European companies and the effect possible U.S. re-imposition of sanctions against Iran may have on the market and U.S.-EU relations.
Renegotiation of the North American Free Trade Agreement (NAFTA): What Actions Do Not Require Congressional Approval?
This report briefly addresses questions about the extent to which the executive branch may unilaterally renegotiate the North American Free Trade Agreement (NAFTA) and implement amendments to the agreement in domestic law without further action from Congress.
Presidential Permit Review for Cross-Border Pipelines and Electric Transmission
This report discusses the Presidential Permit review processes for cross-border energy infrastructure as implemented by these agencies: The Department of State for pipelines and similar facilities that transport liquids such as petroleum, petroleum products, and other hazardous liquids; The Federal Energy Regulatory Commission (FERC) for natural gas pipelines and associated facilities; and The Department of Energy (DOE) for electricity transmission lines and associated facilities. This report compares practices among these three agencies with respect to how they define a proposed project's scope (which dictates the array of associated impacts they will review), conduct environmental reviews, and make final decisions on permit applications. It also includes a discussion of recent efforts by Congress to change those permitting processes.
[Not Over 'Til It's Over: TransCanada Denial of Keystone XL Permit]
This report discusses the TransCanada announcement that they planned to sue the United States under NAFTA agreements for rejecting the permit for the Keystone XL Pipeline. It also describes a suit in U.S. District Court regarding its view that the executive branch and the President don't have power over cross-border petroleum trade since Congress has passed general legislation regarding such matters as well as legislation approving the Keystone XL Pipeline which was vetoed by the President.
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