Trade
This week I participated in a Ways and Means Committee hearing on the future of our trade relationship with Taiwan. The hearing explored opportunities provided by ongoing trade talks between the U.S. and Taiwan. In the midst of increased pressure from China through dialed-up military exercises and heavier tariffs, Taiwan is eager to strengthen ties with the U.S. and our democratic values.
Washington, D.C. – Rep. Adrian Smith (R-NE), Lead Republican of the House Ways and Means Committee's Trade Subcommittee, released the following statement on enactment of the Formula Act, Smith's bipartisan legislation to temporarily suspend tariffs on FDA-approved infant formula:
As Vladimir Putin's invasion of Ukraine continues with no end in sight, it is as important as ever for the U.S. to strengthen our ties with allies in the region. Standing in solidarity with states at risk of Russian aggression requires us to send a clear message we are working on behalf of the friends of freedom and economic prosperity.
Washington, D.C. – Rep. Adrian Smith (R-NE), Lead Republican of the Ways and Means Trade Subcommittee, released the following statement after the World Trade Organization's Twelfth Ministerial Conference (MC12).
Since 1948, Israel has been an important ally of the United States. Unfortunately, Israel has also endured a great deal of conflict with those who seek its destruction in the Middle East.
Since entering into force on July 1, 2020, the United States-Mexico-Canada Agreement (USMCA) has provided a powerful framework to fight for opportunity on behalf of American workers, producers, and industry, and has strengthened ties with our nation's top two trade partners.
American families across the country are grappling with increasing costs and economic uncertainty. Last week, the Consumer Price Index confirmed costs of household items, energy, and services have risen by more than 8 percent, on average, over the last 12 months.