ON OUR DESKS

  • Analyzing ongoing political risk and economic developments related to Russia
  • Providing strategic counsel on U.S. forced labor law implementation
  • Advising on U.S. taxes on chemical substances

How can we help you? Email any IBC counsellor for assistance or consult our issues list to find the expert you’re looking for.


WIBC DISCUSSIONS

In case you missed it:

 

  • Supply chain issues affecting materials and consumer goods with Deputy Assistant Secretary of Commerce for Materials and Consumer Goods Jennifer Knight

Up next: Register for upcoming WIBC discussions here

WIBC discussions are open to WIBC members only. Not a member? Contact Christina for membership inquiries.


YOU NEED TO KNOW

U.S.-Mexico-Canada Agreement (USMCA)

The U.S., Mexican, and Canadian trade ministers marked the second anniversary of USMCA’s entry into force in Vancouver July 7-8. The United States and Canada settled their dispute over solar tariffs, paving the way for the United States to remove safeguard tariffs that had been ruled by a dispute settlement panel to be inconsistent with the USMCA.

Relatedly, Mexican President Lopez Obrador will visit Washington July 12 to meet with President Biden and has said he will host a “three amigos” leaders summit in Mexico in December to discuss USMCA.

Contact: Steve Ziehm

 

China

China’s efforts to influence foreign actors and muzzle critics were in the spotlight this week. The National Counterintelligence and Security Center warned July 6 that U.S. subnational governments and businesses are targets of Chinese influence and intelligence campaigns. On the same day, a federal grand jury in Brooklyn charged five defendants with carrying out harassment against pro-democracy Chinese dissidents living in the United States. On July 7, the U.S. International Trade Commission (ITC) released the second of two Congressionally-requested reports on state-sponsored censorship in China, concluding that censorship and related measures cause revenue losses for U.S. businesses and restrict the opportunity of U.S. businesses to provide services to hundreds of millions of internet users in China.

Contact: Scott Seaman

 

Quick takes

  • The political consequences of the July 8 assasination of former Japanese Prime Minister Abe Shinzo are likely to further strengthen Abe’s Liberal Democratic Party (LDP) in the July 10 elections for the upper house of Japan’s national legislature.
  • Dealing a blow to Argentine President Alberto Fernández’s economic agenda, moderate economy minister Martin Guzmán resigned on July 2 over policy disagreements within the ruling Frente de Todos coalition. Leftist career bureaucrat Silvina Batakis will replace Guzmán.
  • The Supreme Court’s June 30 ruling limiting the federal authority to regulate greenhouse gas emissions from power plants could stymie the U.S. Securities and Exchange Commission’s efforts to introduce new climate-related disclosure requirements.
  • The European Union and New Zealand successfully concluded four years of negotiations to agree a comprehensive trade agreement on June 30.
  • Senate Minority Leader Mitch McConnell (R-KY) threatened to oppose the bipartisan competitiveness bill if Democrats use budget reconciliation to advance drug price and tax provisions Republicans oppose.

NOTICES, BILLS & HEARINGS

Federal Register Notices

Legislation

 

House

  • H.R.8293 (Torres, D-NY) To require a report on security cooperation with respect to Western Balkan countries.
  • H.R.8284 (Carbajal, D-CA) To require cut flowers and cut greens displayed in certain Federal buildings to be produced in the United States, and for other purposes.
  • H.R.8274 (Stefanik, R-NY) To amend the Defense Production Act of 1950 to include the Secretary of Agriculture on the Committee on Foreign Investment in the United States and require review of certain agricultural transactions.
  • H.R.8272 (Slotkin, D-MI) To encourage the extraction and processing of rare earth elements and critical minerals in the United States, and for other purposes.

Senate

  • S.4495 (Wyden, D-OR) A bill to amend the Export Control Reform Act of 2018 to require export controls with respect to certain personal data of United States nationals and individuals in the United States.

Upcoming Congressional hearings 

 

House

Senate


WHO’S WHO

Arrivals

  • Bernhard Kluger, Senior Advisor to the Secretary of Agriculture
  • Deanne Millison, Chief Economic Advisor to the Vice President
  • Eric Deeble, Deputy Assistant Secretary of Agriculture for Congressional Relations
  • Richard Nephew, State Department Coordinator on Global Anti-Corruption
  • Shelley Greenspan, NSC Policy Advisor for Partnerships and Global Engagement

Want more scoops on personnel moves? Find the most recent Who’s Who here.


UPCOMING EVENTS

  • International Maritime Organization Council (London), July 11-15
  • Mexican President Lopez Obrador visits Washington, July 12
  • UN high-level political forum on sustainable development (HLPF) (New York), July 13-18
  • World Intellectual Property Organization assembly (Geneva), July 14-22
  • Organization of American States committee meeting on migration, July 14
  • G20/OECD finance ministers and central bank governors meeting (Bali, Indonesia), July 14-16
  • African Union Committee on Finance, Monetary Affairs, Economic Planning and Integration (ETIM) (Lusaka, Zambia), July 18-22

Looking farther ahead? Find the most recent full international events calendar here.