With Trump gone, Republicans look to weaken his China tariffs

Brasil Notícia Notícia

With Trump gone, Republicans look to weaken his China tariffs
Brasil Últimas Notícias,Brasil Manchetes
  • 📰 politico
  • ⏱ Reading Time:
  • 48 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 59%

With former President Donald Trump and the political cover he provided gone from Washington, GOP senators are turning away from some of the most restrictive China trade policies his administration instituted

The disagreements on trade are the biggest single threat to the overall China bill, whose foundational provision — $52 billion for semiconductor manufacturing — is a priority for leaders of both parties. The White House is desperate for a midterm-year win that passing the law would represent. But it is a delicate balancing act: change the Senate trade title too much, and risk essential GOP support in the Senate, where the bill must garner 60 votes.

Still, many protectionist groups that cheered Trump’s policies think the bill is too friendly to corporate giants who have outsourced their supply chains to China — particularly given that the legislation that is supposed to confront Beijing economically. CPA and others are hoping to leverage rising public sentiment against free trade in both parties to strengthen the House’s hand in conference. CPA has been shopping around athey conducted with Morning Consult that shows broad support for aspects of the House Democrats’ trade title among Democrats, Republicans and Independents.

Both priorities will face resistance in the conference negotiations. Renewing Trade Adjustment Assistance has typically happened alongside a vote on Trade Promotion Authority, which grants the president authority to negotiate new trade deals. Without the enhanced trade authority, Republicans have balked at passing expanded relief payments.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

politico /  🏆 381. in US

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

As the U.S. 10-year Treasury yield keeps climbing, here's what it means for ChinaAs the U.S. 10-year Treasury yield keeps climbing, here's what it means for ChinaThe rise in the U.S. 10-year Treasury yield to three-year highs has erased its gap with its Chinese counterpart, something that hasn't happened since 2010.
Consulte Mais informação »

China Lockdowns: Shanghai Factories Allowed to Reopen if 'Workers Live On-Site'China Lockdowns: Shanghai Factories Allowed to Reopen if 'Workers Live On-Site'Gee, how benevolent. Shanghai's government is allowing local factories to resume production as long as 'workers live on-site.'
Consulte Mais informação »

China oil giant CNOOC soars in Shanghai debut, defies weak marketChina oil giant CNOOC soars in Shanghai debut, defies weak marketCNOOC Ltd shares surged as much as 44% in their Shanghai debut on Thursday, defying broad market weakness, as investors sought safety in the Chinese oil giant amid high energy prices and quickening inflation.
Consulte Mais informação »

People may have smoked marijuana in rituals 2,500 years ago in western ChinaPeople may have smoked marijuana in rituals 2,500 years ago in western ChinaThis is some of the oldest evidence to date of smoking or inhaling cannabis fumes. (From 2019)
Consulte Mais informação »

China warns against any Taiwan ties after Ukraine lawmakers thank islandChina warns against any Taiwan ties after Ukraine lawmakers thank island'The One-China policy is the political foundation for China to develop friendly relations with other countries,' Chinese embassy spokesperson Liu Pengyu told Newsweek.
Consulte Mais informação »



Render Time: 2025-03-06 21:33:43