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Friday, May 3, 2024

Crapo: President Biden’s Trade Agenda Lacks Ambition, Enforcement

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Senator Mike Crapo | Official U.S. Senate headshot

Senator Mike Crapo | Official U.S. Senate headshot

Washington, D.C.--At a U.S. Senate Finance Committee hearing on the President’s 2024 Trade Policy Agenda with United States Trade Representative (USTR) Katherine Tai, Ranking Member Mike Crapo (R-Idaho) expressed concern with the President’s trade agenda. Senator Crapo criticized the lack of ambition and enforcement in President Biden's approach to trade, stating that it is the weakest of any Administration in 25 years.

During the hearing, Senator Crapo urged Ambassador Tai to address issues related to trade agreements and enforcement. Specifically, he raised concerns about the need to expand market access for American producers and companies. Senator Crapo highlighted an issue concerning Idaho potato producers and their access to Japanese markets. He questioned Ambassador Tai, asking if discussions had taken place regarding Japan's ban on U.S. potatoes and the challenges faced by American stakeholders.

Furthermore, Senator Crapo addressed the issue of discriminatory digital services taxes (DSTs) and its impact on U.S. technology companies. He referenced Ambassador Tai's previous comments on the taxation of American companies overseas and pressed for a commitment to take action against DSTs rather than just considering it. Senator Crapo inquired about potential steps to be taken if countries continue to implement DSTs that harm American businesses.

The dialogue between Senator Crapo and Ambassador Tai underscores the ongoing debate surrounding President Biden's trade agenda and the need for more robust enforcement measures to protect American interests in the global market.

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