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White House Releases Trade Agenda; E.U. Chief to Meet with Biden Next Week On Wednesday the Biden Administration released its 2023 trade policy agenda and annual report. In the report, the Office of the U.S. Trade Representative said that the U.S. will continue ongoing discussions on small, bilateral and regional pacts, and will focus heavily on worker-centered policies and enforcement of existing trade deals. The administration has, thus far, shied away from pursuing new free trade agreements, focusing instead on trade “frameworks.” The report’s release comes as President Joe Biden is preparing to meet with European Commission President Ursula Von Der Leyen next week in Washington. Among the topics the two are expected to discuss is the Inflation Reduction Act, and in particular the climate provisions including the Clean Vehicle Tax Credit (CVTC) which has been a source of concern for the E.U., as well as many other trading partners. The implementation of the CVTC, and in particular the new battery requirements, is also expected to be raised In a meeting today between Biden and German Chancellor Olaf Scholz. U.S.-U.K. Agreement Also this week, Senators Chris Coons (D-DE) and John Thune (R-SD) introduced legislation to push for a free trade agreement with the United Kingdom (U.K.). The Undertaking Negotiations on Investment and Trade for Economic Dynamism (UNITED) Act would provide the administration with a two year extension of Trade Promotion Authority (TPA) in order to complete negotiations with the U.K. The bill is similar to legislation introduced in the last Congress by Sen. Coons and former Sen. Rob Portman (R-OH), who has since retired.
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ICYMI In case you missed it, the Competitive Enterprise Institute recently released a report on how so-called right-to-repair legislation would harm consumers and stifle innovation. Check it out! Quote of the Week “I’m disappointed the Biden administration has, once again, chosen not to prioritize building our trade relationships through enforceable, high-standard trade agreements. Their framework-first approach to trade fails to level the playing field for U.S. producers, falls short of lowering costs for U.S. consumers, and leaves opportunities on the table for adversaries like China.” -Rep. Adrian Smith (R-NE), Chair, Trade Subcommittee (Politico)
Friday Feel Good Here is just one recent example of how dealers are doing good: For the 18th year in a row, Toyota Marin was proud to donate a car to be raffled by the nonprofit organization Dedication to Special Education. Thanks to the generosity of local supporters, this year’s raffle raised over $70,000 for special education programs in Marin County. The mission of Dedication to Special Education (DSE) is to improve the quality of special education in Marin County public schools while fostering a stronger community and connecting families. Over the past 18 years, Toyota Marin helped to raise an impressive total of $1,000,000 through this event.
We want to hear more about how you are supporting your local community – tweet us at @AIADA_News and use the hashtag #DealersDoGood. |
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