While electoral effects have combined for any of the primary parties, President-elect Biden has won a transparent mandate from the electorate to continue the war against the COVID-19 pandemic with more vigour. The new president and Congress will have an effective weapon at their disposal: the removal of price lists of all imported non-public protective appliances (PPPs) and other materials deployed in the fight against the virus.
A June 2020 report through the United States International Trade Commission (USITC), known price lists ranging from 2. 5% to 25% in more than one hundred types of PPE and other products used for the medical body of workers and for the treatment of patients with coronavirus. Between the US Harmonized Tariff, the US has not been able to do so. But it’s not the first time And the Section 301 price lists that the Trump administration has imposed on imports from China, tasks are in materials such as aprons, gloves, masks, glasses, hand sanitizers, diagnostic equipment, electrocardiographs and COVID-19 diagnostic testing tools and devices.
Tariffs on these foreign materials artificially increase prices and make them less available in the United States. This negative effect on price lists is often negative for the economy, but is especially detrimental in the event of a national emergency when called for the construction of PPE and other mandatory materials. The Trump administration stated this briefly when it granted some limited exemptions from its large segment 301 price lists in reaction to the pandemic.
Awareness of the challenge of PPE rates is developing in Congress. Sense Hassan Reducing tariffs and opening up the U. S. economy to combat the COVID-19 pandemic The Senate passes a bill to protect Internet-connected devices from cyber vulnerabilities Night Defense: The use of a military helicopter in trump’s campaign Raises ethical problems Air Force aircraft intercept aircraft during Trump’s rally ‘Senators introduce bill to make larger visa controls (DN. H. ) They introduced the PPE Tax Act of 2020, which would suspend price lists for two years on products that the US International Trade Commission would not be able to do. The U. S. has known it as similar to the fight opposing COVID-19. Senate Finance President Chuck Grassley, Charles (Chuck) Ernest Grassley, the Alabama Republican becomes the third member of the House to test positive for COVID-19 this week, Dodge Pardon More (R-Iowa) needs to see the bill passed the lame duck session.
In fact, the invoice is moving in the right direction, but instead of a two-year suspension, Congress permanently deleted all PPE price lists and similar materials in the Harmonized Tariff Code. It’s hard for U. S. hospitals. U. S. and other fitness service providers purchase materials needed for long-term emergencies.
When President-elect Biden takes over the workplace in January, he promptly eliminates all 301 segment tasks in PPE and other COVID-related products imposed through his predecessor. reduce prices for taxpayers and make sure essential goods are widely available.
A flexible industry policy and economic openness strengthens national combat opposed to the pandemic. Removing value lists would make source chains more resilient, allowing stores and fitness service providers to diversify the source among a wider range of reliable suppliers, mitigating disruptions and value spikes. International industry frees us from over-reliance on a limited base of domestic producers.
Beyond trade, a more globalized U. S. economy is more likely to expand new products and vaccines to fight the virus. One of the most promising vaccines announced in recent days was developed through a partnership between Pfizer and the German pharmaceutical company BioNTech, founded through two Turkish-German Scientists and in the United States, thousands of foreign-born fitness personnel (doctors, nurses and medical researchers) are working heroically to mitigate the effect of COVID-19.
To stimulate the U. S. economy, the US economy is not the only country in the world to have a nuclear economy. But it’s not the first time As we go through this crisis, Congress deserves to take the even more ambitious step of unilaterally repealing all US price lists. The U. S. , not just those directly similar to coronavirus, would provide direct relief to American families (especially low-income families), reduce production prices and competitiveness of U. S. producers, attract more foreign investment, and encourage U. S. exports and imports.
Despite the rise of partisanship to new degrees in Washington, the president and Congress have the opportunity to meet, in a lame duck consultation or early new year, to adopt a concrete plan to permanently reduce import taxes on important equipment and materials to combat coronavirus and from there, combine in the months and years to come to keep the United States open not only to trade , but also to foreign skill and investment, in order to repair our economy and defeat the virus.
Daniel Griswold is principal investigator and co-director of the Trade and Immigration Project at george Mason University’s Mercatus Center.
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