The lead sponsor in the House on a Russia sanctions and secondary sanctions bill said that negotiations are still ongoing between the two chambers on the final language of the bill.
Thirty House Democrats joined the sponsor who introduced a bill last month to refund reciprocal tariffs paid by small businesses. Rep. Chris Pappas, D-N.H., publicized the bill Dec. 1. There is a Senate companion bill.
The lead sponsor in the House on a Russia sanctions and secondary sanctions bill said that negotiations are still ongoing between the two chambers on the final language of the bill.
Manufacturing trade groups and companies mostly argued in comments to the U.S. Trade Representative that USMCA rules of origin for their sectors shouldn't change as part of the pact's review, and if they do, it should be only after extensive consultation with industry, and with adequate transition times.
EU ministers and Parliament members this week urged the bloc to respond forcefully to China’s rare earth export restrictions if Beijing doesn’t repeal them or swiftly grant export licenses to European companies. Some also said they’re skeptical Beijing’s one-year suspension for some of its export controls will last.
EU ministers and Parliament members this week urged the bloc to respond forcefully to China’s rare earth export restrictions if Beijing doesn’t repeal them or swiftly grant export licenses to European companies. Some also said they’re skeptical Beijing’s one-year suspension for some of its export controls will last.
The Office of the U.S. Trade Representative announced Nov. 26 that it will extend the 178 currently existing exclusions from Section 301 tariffs on China until Nov. 10, 2026, as expected (see 2511030005). The exclusions had been set to expire Nov. 29, but the Trump administration agreed to extend them as part of a deal that also cut tariffs on China by 10% and halted ship-docking fees in return for China pausing export controls on rare earths, lowering retaliatory tariffs and stopping its own retaliatory ship fees.
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The Bureau of Industry and Security needs more resources to address the surge in export license applications that’s expected if its new 50% rule comes back into effect with no changes, industry groups said, adding that otherwise, the agency risks severely delaying or pausing large volumes of trade.
The House voted 217-188 on Nov. 20 to pass a bill that would eliminate a requirement that the Energy Department authorize liquefied natural gas (LNG) exports, leaving the independent Federal Energy Regulatory Commission as the sole authority for the approval process.