Beltway Insiders Trade Policy Outlook
Michael Stroud was a featured panelist during The National Association of Foreign-Trade Zones’ (NAFTZ) 2023 Legislative Summit, which was held at the Madison Hotel in Washington D.C. on February 15, 2023. Michael participated as a panelist for “Beltway Insiders Trade Policy Outlook.”
The panel allowed NAFTZ’s own Government Relations Advisors and other “beltway insiders” to review, discuss and debate the current trade landscape and trade policy issues. Michael provided an overview of the three main issues he is looking for in trade this Congress:
- Chinese trade legislation — which could include items such as export controls related to the series of high-altitude objects, fixing the "De Minimus" direct import exemption to help U.S. retailers and an exemption process for the Section 301 tariffs on good imported from China;
- Another trade deal focused on expanding U.S. markets and influence — such as a UK Trade Agreement or a Taiwan Trade Agreement; and
- The Unknown Catalyst(s) — the disproportionate "underwear tax" on women's garments, upcoming presidential election and possible return of Trump trade policies or how to keep the American consumption economy going by fixing trade issues for domestically located retailers.
The National Association of Foreign-Trade Zones connects global businesses with local communities through the U.S. Foreign-Trade Zone (FTZ) Program. Its membership is comprised of public entities, public and private companies and individuals that work together to foster business growth, economic development, and U.S. employment.