Archive for the ‘Trade Policy’ Category

In a significant update, U.S. Secretary of Commerce Gina M. Raimondo issued a statement following President Biden’s signing of two Presidential Proclamations, prolonging the European Union’s access to U.S. tariff rate quotas (TRQs) for steel and aluminum for an additional two years.   Secretary Raimondo underscored President Biden’s economic agenda, which places a strong emphasis […]

In a recent development, the Biden administration is reportedly in discussions regarding an increase in tariffs on certain Chinese goods, particularly electric vehicles (EVs), according to sources cited by the Wall Street Journal.   China’s export of vehicles has been on the rise in recent years, driven by excess production capacity and a slowdown in […]

In a bid to address concerns over increased reliance on China, Senator Joe Manchin, Chair of the Senate Energy and Natural Resources Committee, is calling for Congress to vote on reversing recent Treasury Department guidance related to electric vehicle (EV) tax credits. This guidance, issued earlier this month, has the potential to make it easier […]

In the wake of the U.S. easing of oil sanctions on Venezuela in October, trading houses that initially became purchasers of Venezuelan crude have transitioned to supplying the state-owned company PDVSA with motor fuels and diluents for heavy oil production, as revealed by documents and data.   As Venezuela gears up for a presidential election […]