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The United States Withdraws from the TPP
This report discusses discusses the withdrawal of the United States as a signatory from the Trans-Pacific Partnership (TPP) agreement as directed by President Trump.
Trade in Services Agreement (TiSA) Negotiations: Overview and Issues for Congress
This report provides a brief overview of U.S. trade in services, background on services in U.S. trade agreements, and an in-depth discussion of the ongoing Trade in Services Agreement (TiSA) negotiations.
Import Taxes on Mexican Crude Oil
This report discusses the possibility raised by the Trump administration of imposing a 20% tax, or fee, on imports from Mexico, presumably including imports of crude oil.
China-U.S. Trade Issues
This report provides background and analysis of U.S.-China commercial ties, including history, trends, issues, and outlook.
WTO Trade Facilitation Agreement
This report provides an overview of the Trade Facilitation Agreement (TFA), its provisions, and the United States' implementation and role in capacity building. It also provides options for Congress to consider in relation to the TFA.
North American Free Trade Agreement: Notification for Renegotiation
This report discusses the fate of the North American Free Trade Agreement (NAFTA) after the Trump Administration sent a 90-day notification to Congress of its intent to begin talks with Canada and Mexico to renegotiate NAFTA.
Cross-Border Energy Trade in North America: Present and Potential
This report provides an overview of the United States' energy trade with Canada and Mexico. For the principal energy commodities, it summarizes estimates of the resource potential for the three countries, recent energy production, and expectations for future production.
Commodity Futures Trading Commission: Proposed Reauthorization in the 115th Congress
This report describes the re-authorization of the Commodity Futures Trading Commission (CFTC), created in 1974.
U.S. Crude Oil Exports to International Destinations
This report discusses the export of crude oil produced in the United States and policy considerations in the wake of a provision contained in P.L. 114-113 which repealed a 40-year prohibition on the export.
The United States Withdraws from the TPP
This report discusses discusses the withdrawal of the United States as a signatory from the Trans-Pacific Partnership (TPP) agreement as directed by President Trump.
Effects of Buy America on Transportation Infrastructure and U.S. Manufacturing: Policy Options
This report begins by explaining Buy America restrictions in more detail. It describes how Buy America comports with international trade agreements that generally forbid procurement restrictions favoring domestic products; and how a relatively new provision enacted by Congress may require imports of materials on federally-funded transportation projects to be carried on U.S.-flag ships. The report identifies policy options Congress might consider in light of recent legislative proposals.
The North American Free Trade Agreement (NAFTA)
This report provides an overview of North American trade liberalization before NAFTA, an overview of NAFTA provisions, the economic effects of NAFTA, and policy considerations.
The U.S. Export Control System and the Export Control Reform Initiative
This report discusses the U.S. export control system and initiatives to reform the export control system. Topics covered include the dual-use system, military export controls, nuclear controls, and President Obama's export control initiative.
U.S. Trade in Services: Trends and Policy Issues
This report provides background information and analysis on U.S. international trade in services, as well as policy issues. It examines emerging issues and current negotiations, including the Trade in Services Agreement (TiSA), the Trans-Pacific Partnership (TPP), and the Transatlantic Trade and Investment Partnership (T-TIP).
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.
The Meaning of "Made in U.S.A."
This report discusses the provisions in federal law are intended to support manufacturing in the United States. On April 18, 2017, President Trump issued an executive order directing federal agencies to ensure that federal grants and procurement maximize the use of manufactured goods produced in the United States, although it defined "produced in the United States" only for iron and steel products.
The North American Free Trade Agreement (NAFTA) and U.S. Agriculture
The focus of this report is The U.S. food and agricultural sectors, which has benefited especially from NAFTA.
NAFTA and Motor Vehicle Trade
This report discusses the development of U.S. motor vehicle production under the North American Free Trade Act (NAFTA) and analyzes the North American motor vehicle market, including production, plant locations, and continental trade patterns. It summarizes the motor vehicle rules of origin in NAFTA and compares them with similar requirements in other trade agreements, and examines how the potential changes in NAFTA might affect the motor vehicle and motor vehicle parts industries in the United States.
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.
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.
U.S.-U.K. Free Trade Agreement: Prospects and Issues for Congress
This report discuses the prospects of a free trade agreement between the U.K. and the U.S. after Brexit and potential issues that might be addressed in such an agreement. Congress's role in free trade agreements is also discussed.
Ongoing Section 232 Steel and Aluminium Investigations
This report discuses two investigations by the Department of Commerce related to Section 232 of the Trade Expansion Act of 1962 which allows the President to impose tariffs or quotas on imported goods if it is in the interest of national security. These investigations are being conducted on the steel and aluminium industries to determine whether the President can and whether he should impose import restrictions. Mixed reactions to the investigations and proposals are also discussed.
Softwood Lumber Dispute Lumbers On: Preliminary Countervailing Duties on Canadian Softwood Lumber Announced, Parts 1 & 2
This report discusses countervaling duties which are charged on items entering the U.S. whose makers are supported by government subsidies in their country. Part 1 provides a general background on countervailing duties and the procedures that result in the imposition of these types of duties. Part II explores the Canadian softwood lumber dispute in more detail, providing a history of this thirty-year dispute and details about the status of the current countervailing duty investigation.
Trade Adjustment Assistance for Firms
This report discusses the Trade Adjustment Assistance for Firms (TAAF) program, which is administered by the Economic Development Administration (EDA) of the Department of Commerce. The TAAF program assists eligible American companies that have been harmed by increasing imports; this harm is defined by lower domestic sales and employment because of increased imports of similar goods and services. Through the TAAF program, EDA provides technical assistance, on a cost-sharing basis, to help eligible businesses create and implement business recovery plans that may allow them to remain competitive in a dynamic international economy.4 The TAAF program provides technical assistance through a partnership with a national network of 11 EDA-funded Trade Adjustment Assistance Centers (TAACs).
NAFTA Renegotiation and Modernization
This report provides a brief overview of The North American Free Trade Agreement (NAFTA) and the role of Congress in the renegotiation process. It discusses key issues that are likely to be discussed during the current negotiations, and it provides a discussion of policy implications for Congress going forward.
Selected International Insurance Issues in the 115th Congress
This report discusses trade in insurance services and summarizes the various international entities and agreements affecting the regulation of and trade in insurance. It then addresses particular issues and controversies in greater depth, including a focus on the pending U.S.-EU covered agreement, and concludes with a section on issues relating to international insurance standards.
Import Tariff or Border Tax: What is the Difference and Why Does it Matter?
This report briefly describes the difference between import tariffs and border taxes and whether the President may unilaterally impose them without congressional approval.
Trade Implications of the President's Buy American Executive Order
This report discusses President Trump's April 18, 2017 Executive Order on Buy American and Hire American and its implications for U.S. trade agreements and government procurement costs.
Arms Sales in the Middle East: Trends and Analytical Perspectives for U.S. Policy
This report analyzes state-to-state arms sales in the Middle East with a particular focus on U.S. transfers, as authorized and reviewed by Congress. The information in this report, including sales data, is drawn from a number of official and unofficial open sources. The report focuses on recent arms sales, primarily from the United States, to seven Middle Eastern states: Israel, Egypt, Saudi Arabia, the United Arab Emirates (UAE), Iraq, Turkey, and Qatar. It concludes by considering a number of arms sales-related issues of congressional interest and options available to Members of Congress to influence or control aspects of arms sales, including those related to oversight, reporting requirements, checks on executive action, and conditions on transfers or funding.
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.
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.
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).
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.
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