If a bill just introduced becomes law, importers of fossil fuels, refined petroleum products, petrochemicals, fertilizer, hydrogen, adipic acid, cement, iron and steel, aluminum, glass, pulp, paper, lime and gypsum products and ethanol would have to pay a duty at the border based on the carbon intensity of either the industry in the home country, the product, if a specific petition was made, or an economywide carbon intensity measure, if no reliable data is available by industry.
Mara Lee
Mara Lee, Senior Editor, is a reporter for International Trade Today and its sister publications Export Compliance Daily and Trade Law Daily. She joined the Warren Communications News staff in early 2018, after covering health policy, Midwestern Congressional delegations, and the Connecticut economy, insurance and manufacturing sectors for the Hartford Courant, the nation’s oldest continuously published newspaper (established 1674). Before arriving in Washington D.C. to cover Congress in 2005, she worked in Ohio, where she witnessed fervent presidential campaigning every four years.
China's stranglehold on minerals used in electric vehicle battery-making, and their head start on making quality, affordable EVs makes U.S. and European firms anxious, panelists said at a Georgetown Business School webinar on the future of auto value chains.
A bipartisan, bicameral bill would allow cashmere products made in Mongolia duty-free access to the U.S., as a way of strengthening Mongolia's democracy, its sponsors say.
Automakers will have to track almost every battery component for electric vehicles -- including cathode electrodes, anode electrodes, solid metal electrodes, separators, liquid electrolytes, and solid state electrolytes that go into battery cells -- if they want consumers to be able to benefit from the full $7,500 tax credit for electric vehicles.
A House Oversight Subcommittee on Economic Growth, Energy and Regulatory Affairs hearing focused on the need for more domestic mining of critical minerals, but administration witnesses noted that imports -- and subsidizing processing of domestically mined minerals -- are just as essential to uninterrupted supply.
Asian countries in the Indo-Pacific Economic Framework and businesses that export to those countries had low expectations for IPEF, and trade experts said it will take years to see if IPEF will have any commercially meaningful outcomes.
The top trade negotiator for the EU, Executive Vice President Valdis Dombrovskis, said the EU's political leadership sees "no prospect to agree on a concept" for a global arrangement on steel, to box out unfairly traded steel and privilege steel made with less carbon intensity.
A parliamentary committee on trade in Ottawa says Canada should increase its efforts to reach a suspension agreement on U.S. antidumping and countervailing duty cases against its softwood lumber exports, including by appointing a specific "softwood lumber emissary" and by making the issue a high-level priority when the prime minister speaks to the U.S. president.
An administration Council on Supply Chain Resilience, which includes the head of every Cabinet-level agency except the Education Department, held its first meeting, with the goal of maintaining resilient supply chains.
CBP has been threatening ports that it will reduce its presence or even pull out of ports if those ports don't upgrade work space, members of Congress say, and a recently introduced bipartisan bill aims to put a stop to it.