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U.S. Tariff Policy: Overview
This report provides a brief overview of United States tariff policy. A tariff is a customs duty levied on imported and exported goods and services, typically used to protect domestic industries or as leverage in trade negotiations and disputes.
United States and Saudi Arabia Energy Relations
This report provides an overview of the U.S.-Saudi Arabia energy relationship that dates back to at least 1933. Since then, this relationship has witnessed the creation of the Arabian American Oil Company (Aramco), nationalization and ownership transfer of Aramco to Saudi Arabia (renamed Saudi Aramco), a Saudi-supported embargo of crude oil shipments to the United States, and various periods of energy cooperation. Today, the U.S.-Saudi energy relationship includes interests within three general categories: (1) energy trade, (2) business operations, and (3) global petroleum prices.
U.S.-India Trade Relations
This report discusses trade relations between the United States and India. Many observers believe bilateral commercial ties could be more extensive if trade and investment barriers were addressed.
U.S.-Japan Announce New Limited Trade Negotiations
This report discusses announced plans for bilateral negotiations for a trade agreement between the United States and Japan.
The "National Security Exception" and the World Trade Organization
This report examines the meaning of the national security exception in Article XXI of the General Agreement on Tariffs and Trade (GATT)--a provision also implicated in a recent World Trade Organization (WTO) dispute between Russia and Ukraine; a blockade of Qatar by Saudi Arabia, Bahrain, and the United Arab Emirates; and a few other disputes.
Section 232 Investigations: Overview and Issues for Congress
This report provides an overview of Section 232 of the Trade Expansion Act of 1962, analyzes the Trump Administration's Section 232 investigations and actions, and considers potential policy and economic implications and issues for Congress. To provide context for the current debate, the report also includes a discussion of previous Section 232 investigations and a brief legislative history of the statute.
World Trade Organization: Overview and Future Direction
This report provides background history of the World Trade Organization (WTO), its organization, and current status of negotiations. It also explores concerns regarding the WTO's future direction and key policy issues for Congress.
China's Status as a Nonmarket Economy (NME)
This report discusses China's classification by the World Trade Organization (WTO). China contends that language in its WTO accession protocol required all WTO members to terminate their use of the alternative methodology; the United States and other WTO members argue that that the WTO language did not automatically obligate them to extend market economy status (MES) to China.
Arms Sales: Congressional Review Process
This report reviews the process and procedures that currently apply to congressional consideration of foreign arms sales proposed by the President. This includes consideration of proposals to sell major defense equipment, defense articles and services, or the re-transfer to third party states of such military items.
Effects of U.S. Tariff Action on U.S. Aluminum Manufacturing
This report discusses the aluminum tariffs put in effect by the U.S. in March 2018. The United States has assessed duties of 10% or more on certain imports of aluminum on national security grounds. The duties are controversial, with some Members of Congress questioning whether the duties will encourage domestic aluminum production and whether they could adversely affect U.S. industries that use aluminum.
Agricultural Provisions of the U.S.-Mexico-Canada Agreement
This report discusses the agricultural provisions of the United States-Mexico-Canada Agreement (USMCA), which replaces the North American Free Trade Agreement (NAFTA).
Proposed U.S.-Mexico-Canada (USMCA) Trade Agreement
This report discusses the U.S.-Mexico-Canada Agreement (USMCA), which is to replace the North American Free Trade Agreement (NAFTA). Topics include market access, dispute settlement, intellectual property rights (IPR), energy, and labor and environment.
Agriculture in the WTO: Rules and Limits on U.S. Domestic Support
This report provides a brief overview of the World Trade Organization (WTO) commitments that are most relevant for U.S. domestic farm policy. It includes a discussion regarding how WTO commitments may influence policies and questions for evaluating WTO compliance of domestic farm spending..
NAFTA and the Preliminary U.S.-Mexico Agreement
This report outlines the key provisions of the agreement between the U.S. and Mexico that is set to replace the North American Free Trade Agreement (NAFTA).
WTO Disciplines on U.S. Domestic Support for Agriculture
This report outlines the rules and disciplines the United States has committed to abide by as a member of the World Trade Organization (WTO).
Escalating Tariffs: Potential Impacts
This report examines the potential impacts of U.S. trade actions on steel and aluminium tariffs and tariffs against China.
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.
The Made in China 2025 Initiative: Economic Implications for the United StatesWayne M. Morrison,
This report explains the Chinese government's "Made in China 2025" (MIC 2025) initiative, why it has generated concern among U.S. policymakers and stakeholders, and the Section 301 case against China and MIC 2025.
Burma's Political Prisoners and U.S. Policy: In Brief
This report discusses the current issues in Burma (Myanmar) in regards to political prisoners and the resulting U.S. sanctions against the nation.
U.S.-Taiwan Trade Relations
This report discusses Taiwan's economic situation and U.S.-Taiwan trade relations.
Labor Enforcement Issues in U.S. FTAs
This report discusses labor enforcement in free trade agreements (FTAs), U.S. labor disputes, and issues for Congress to consider.
U.S. Trade Debates: Select Disputes and Actions
This report discusses a number of significant trade disputes involving the United States over the past 100 years. It is a response to the 271 active trade disputes currently being addressed in the World Trade Organization (WTO) that involve the United States.
International Law and Agreements: Their Effect upon U.S. Law
This report provides an introduction to the roles that international law and agreements play in the United States. This includes the role of different branches of government play in navigating such laws.
CFIUS Reform: Foreign Investment National Security Reviews
This report discusses recent legislation, known as the Foreign Investment Risk Review Modernization Act (FIRRMA) of 2018. The legislation amends the current process for the Committee on Foreign Investment in the United States (CFIUS) to review -- on behalf of the President -- the national security implications of foreign direct investment (FDI) in the United States.
Buy America and the Electric Bus Market
This report discusses a current controversy over how Buy America (which requires that federally-funded highway, public transportation, aviation, and intercity passenger rail projects use U.S.-made manufactured goods) applies to battery-powered buses. This controversy illustrates the challenges in determining whether or not a product is made in the United States.
Costs of Government Interventions in Response to the Financial Crisis: A Retrospective
This report summarizes government assistance programs and presents how much the programs ultimately cost (or benefit) the taxpayers based on straightforward cash accounting as reported by the various agencies.
Proposed U.S.-EU Trade Negotiations: Hitting Pause on a Trade War?
This report discusses the announcement by the United States and European Union (EU) that they are at a "new phase" in their relationship for "freer, fairer, and more reciprocal trade." The announcement came on July 25, 2018 at a challenging time for transatlantic trade relations.
Potential WTO Implications of USDA's Proposed Response to Trade-Retaliation
This report briefly discusses the World Trade Organization (WTO) commitments that are relevant to U.S. domestic support programs and how the newly-announced U.S. trade retaliation assistance program may or may not comply with those WTO commitments.
Section 232 Investigations: Overview and Issues for Congress
This report provides an overview of Section 232, which relates to trade barriers and other foreign practices. It analyzes the Trump Administration's Section 232 investigations and actions and considers potential policy and economic implications and issues for Congress. To provide context for the current debate, the report also includes a discussion of previous Section 232 investigations and a brief legislative history of the statute.
Overview of U.S.-South Korea Agricultural Trade
This report provides an overview of U.S.-South Korea agricultural trade, including details of key agricultural products and issues affecting U.S. exports.
Section 232 Investigations: Overview and Issues for Congress
This report provides an overview of Section 232, analyzes the Trump Administration's Section 232 investigations and actions, and considers potential policy and economic implications and issues for Congress. To provide context for the current debate, the report also includes a discussion of previous Section 232 investigations and a brief legislative history of the statute.
Trade Adjustment Assistance for Workers and the TAA Reauthorization Act of 2015
After a brief discussion of the program's purpose and most recent reauthorization, this report describes TAA as reauthorized by the Trade Adjustment Assistance Reauthorization Act of 2015 (TAARA, Title IV of P.L. 114-27).
The World Trade Organization (WTO): U.S. Participation at Risk?
This report discusses the possibility that the U.S. will withdraw from the World Trade Organization (WTO), after the Trump Administration expressed doubt over its value to the U.S. economy.
U.S.-EU Trade and Economic Issues
This report discusses U.S.-EU trade and economic relations, which currently face heightened tension, particularly due to the Trump Administration's trade policy, which is focusing on unilateral tariff measures under U.S. trade law and taking a critical view of the U.S. role in international economic cooperation. Given U.S.-EU historical joint leadership on global trade and economic issues, these developments could have implications for the rules-based international trading system, a foundation of the global economic order that has contributed to global economic growth and stability in the post-World War II era.
U.S.-China 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 an overview of U.S.-China commercial ties, identifies major issues of contention, describes the Trump Administration's trade policies toward China, and reviews possible outcomes.
U. S. Trade Policy: 1972 to mid-1974
This report is about U. S. trade policy from 1972 to mid-1974
A Review of Federal Oil Shale Policies and Programs
This report is A Review of Federal Oil Shale Policies and Programs.
Development in the World Oil Industry: A Chronological Survey
This chronological survey is a history of developments in or affecting the international petroleum industry, with emphasis on relations between oil-producing and oil-processing companies, and the Middle East and North Africa.
The Trade Reform Act of 1973-An Overview
This report is an outline of the Trade Reform Act of 1973, a bill introduced to give the President authority to negotiate the reduction of barriers to world trade.
Sino-American Trade
This report discusses the nature and history of the United States with the People's Republic of China, and the measure of impact politics has on future trade prospects.
United States policy toward Vietnam
This report is about the United states policy regarding Vietnam
The Trade Reform Act of 1973: An Overview of the Foreign Trade Bill as Approved by the House of Representatives
This report summarizes and analyses H.R. 1070 as adopted by the House of Representatives, and revises and replaces the June 18, 1973 analysis of the Administrations trade bill (H.R. 6767).
Current U.S -Spanish Negotiations
This report is about the negotiation between U.S and Spanish.
Cease fire in Vietnam: A Chronology of statements by the United States, South Vietnam, North Vietnam and the NLF/PRG
This report is a chronology of statements by the United States, South Vietnam, North Vietnam and the NLF/PRG
NAFTA Renegotiation and Modernization
This report provides a brief overview of NAFTA and the role of Congress in the renegotiation process; it discusses key issues related to the negotiations. It also provides a discussion of policy implications for Congress going forward.
NATO's 2018 Brussels Summit
This report discusses the meeting of leaders from the North Atlantic Treaty Organization's (NATO's) 29 member states, scheduled to take place on hold a summit at NATO headquarters in Brussels, Belgium, on July 11-12, 2018. Despite the heightened U.S.-European tensions, NATO officials say they expect the allies to announce new NATO initiatives in six main areas at the summit: enhancing collective defense and deterrence, defense spending and burdensharing, countering terrorism, enhancing NATO cooperation with the European Union, and NATO enlargement.
The U.S. Trade Deficit: An Overview
This report provides an overview of the U.S. trade deficit, which is the numerical difference between a country's exports and imports of goods and services. Topics include the source of the trade deficit, trade agreements, unemployment, and issues for Congress.
Escalating Tariffs: Timeline and Potential Impact
This report provides a timeline of key events related to U.S. trade actions on steel and aluminium tariffs and tariffs against China.
The European Union and China
This report discusses the political and economic relationship between the European Union (EU) and China. The EU and China have over 70 high-level and senior-level dialogues, working groups, and steering committees reflecting the wide-ranging scope of the relationship, including in areas such as cyber, transnational crime, economics, high-tech innovation, tourism, energy, and the environment.
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