Conferees back bill to resolve trade row
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WASHINGTON -- A major rewrite of corporate tax law that would end a trade dispute with Europe won congressional negotiators' backing yesterday after House Republicans beat back efforts to increase tobacco regulation. The measure would repeal a tax break for thousands of US exporters that the World Trade Organization ruled illegal. As a replacement, it offers more than $140 billion ...
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Support is growing in Congress for free trade agreements with Peru, Panama and even Colombia because of a deal congressional leaders reached earlier this year with the Bush administration, several Democratic lawmakers said on Wednesday.
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Senate leaders announced an agreement this evening to put a comprehensive immigration bill back on track for further debate and possible passage.
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The House of Representatives on Thursday approved a huge corporate tax bill aimed at ending a trade dispute with the European Union while giving American manufacturers a new tax break.
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The Consumer Electronics Association (CEA) is rallying for free trade agreements during its huge&#160;Consumer Electronics Show&#160;this week, saying barrier-free trade with other countries is crucial to the growth of U.S. jobs.Support for free trade isn&#39;t as strong in Washington, D.C., as it has been in past years, with several presidential candidates expressing concerns about free trade agreements, Gary Shapiro, the group&#39;s chief executive, said at a CES press conference on Monday.Free trade is &quot;something we&#39;ve taken for granted as an industry,&quot; Shapiro said. &quot;For the first time in my career, I am concerned about the future of free trade ... primarily because in Congress, on television, and with some of our presidential candidates, free trade is not a given.&quot;Shapiro, who has given his personal support to Republican Mitt Romney&#39;s presidential campaign, declined to single out presidential candidates who he saw as antitrade, but leading Democrats Hillary Clinton, John Edwards, and Barack Obama have all expressed concerns about free trade agreements, often because of environmental concerns. Mike Huckabee, winner of the Iowa presidential caucuses on the Republican side, said in an October debate that the U.S. doesn&#39;t have fair trade with other countries because &quot;an American company is having to pay an extraordinarily high tax on everything they produce, but the countries who are exporting to us don&#39;t have the same border adjustability that we do.&quot;But Shapiro and U.S. Trade Representative Susan Schwab said Monday that free trade agreements are critically important to the consumer electronics and IT industries.&quot;This is real money for real people in the United States,&quot; Schwab said during the CEA press conference from Las Vegas. &quot;If there were ever a sector of the economy, if there were ever an industry, where you see the very, very clear converging of the benefits of free trade, of free markets and of the protection of intellectual property, this is it.&quot;Shapiro and Schwab called on Congress to approve free trade agreements that are pending with Columbia, Panama and South Korea. Including a trade agreement with Peru approved by Congress in December, those four countries represent about 124 million consumers, Schwab said.One reporter asked why U.S. residents should support free trade when they see friends or relatives losing jobs to workers in other countries, imported toys containing chemicals that harm children, or pet food that kills dogs and cats.Free trade can cause problems for a small number of workers, but many more U.S. workers have jobs because of free trade, Shapiro said. Free markets have &quot;temporary dislocations,&quot; but in the long term, countries cannot protect individual jobs in a global economy, he said. &quot;A great country doesn&#39;t put up walls,&quot; Shapiro added.Schwab said her office is working hard to crack down on imports of dangerous products. &quot;Our responsibility as a government is, first and foremost, the health and safety of our citizens,&quot; she said.
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President Bush's top trade negotiator said Monday that quiet talks are under way with congressional Democrats seeking to bridge differences on labor and environmental standards in trade deals.
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WASHINGTON - The World Trade Organization imposed penalties yesterday on US exports ranging from apples to textiles, escalating a trade dispute the Bush administration has struggled to defuse by unsuccessfully urging Congress to repeal legislation aimed
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WASHINGTON -- Congressional negotiators Thursday were closing in on a deal on a massive tax and trade package that is the main obstacle to bringing the 109th session of Congress to an end.
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The World Trade Organization cleared the way on Thursday to impose $150 million of trade sanctions on the United States, sought by the European Union and others, after lawyers resolved a legal wrangle.
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The United States and Europe temporarily headed off a multibillion-dollar trade dispute today by deferring World Trade Organization complaints.
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House and Senate negotiators hope to wrap up work on a major rewrite of corporate tax law that would end a nasty trade dispute with Europe while showering more than $130
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Lawmakers on Friday urged the U.S.  and Chinese governments to follow two days of high-level talks  on trade and economic concerns with concrete action.
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Trade ministers from a key group  of developing nations pressed the United States and the  European Union on Saturday for more concessions to help break  deadlocked global trade talks.
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Two U.S. senators urged President  George W. Bush on Friday to push for swift approval of a  Vietnam trade bill held up by textile industry concerns and  election-year politics.
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WINNIPEGâThree federal cabinet ministers have assured the Canadian Wheat Board that they support its monopoly selling powers debated at recent world trade talks, the board&#39;s chairman said yesterday.
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Two senators who have threatened punitive legislation against China for its currency system shelved their bill yesterday, saying that they still believe Beijing is practicing unfair trade but that a less confrontational approach will work better.
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The House of Representatives approves a bill normalising trade relations with Vietnam for the first time.