New Ways and Means Chairman Calls for FTA Negotiations
House Ways and Means Committee Chairman Jason Smith, R-Mo., in introductory remarks at an organizational meeting of the committee Jan. 31, said the Biden administration "has sadly ignored our foreign trade partners, shut off access to new markets for American goods, and allowed China to gain influence around the globe. U.S. exporters only get preferential access to fewer than 10 percent of the world’s customers -- it’s time to do more to sell American."
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Smith also said Congress will restore "food and medical security" -- many say that the pharmaceutical industry is too reliant on active ingredients and drugs made in China. He also said: "We will insist on tough enforcement against unfair trade practices."